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IDS Worldwide Solutions, Inc. Retains Salamon Brothers of New York IDS Enters Agreement With Salamon Brothers for Merger and Financial Advice Aug 15, 2005 9:32:00 AM 2005 PrimeZone Media Network ORLANDO, Fla., Aug. 15, 2005 (PRIMEZONE) -- IDS Worldwide Solutions, Inc., (Pink Sheets:IDWS) announced today that it has retained Salamon Brothers of New York on August 10th to become IDS lead investment advisor.
Patrick Downs, CEO, of IDS stated, "After consulting with several financial advisors we have chosen Salamon Brothers to advise IDS on several fronts. IDS firmly believes the current stock price does not reflect the true value of our technology and assets and we are confident Salamon Brothers with their extensive Wall Street connections will be able to assist us in achieving true shareholder value."
Salamon Brothers will assist IDS with both licensing and sale of technology with strategic partners as well as representing IDS directly with institutional investors for the long term placement of equity. IDS will use this equity financing to complete the current backlog of 4,000 installations in its Homeland Defense Division.
IDS has developed some of the most sophisticated Biometric Technology for Homeland Defense in the market including its Biometric Identification Card which included Facial and Fingerprint Biometrics combined with Digital Signature Verification all on one card. IDS believes this card will allow the highest level of security in one system while keeping implementation costs low.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
CONTACTS: IDS Worldwide Solutions, Inc., Orlando William Scott (407) 478-4020, ext: 202 info@ids-worldwide.com
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shares are hard to get. MM's have been filling small orders and rolling up on the ask.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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IDS Worldwide Solutions, Inc. Signs Agreement With Auto Industry Leader and 5,000,000 Share Buyback Program Aug 24, 2005 11:27:00 AM Copyright Business Wire 2005 ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 24, 2005--
995ad.com Auto Section Signs Agreement With Auto Industry Leader Edmunds.com IDS Worldwide Solutions, Inc., (Pink Sheets:IDWS) announced today that 995ad.com., http://www.995ad.com, one of the fastest growing portals on the internet, has signed an agreement with automobile industry leader Edmunds.com. Edmunds.com is the most respected car site on the internet for consumers to get unbiased information and research before making their automobile purchase. Car Trends shows that over 70% of all car buyers start their search on the internet before making a buying decision.
Under the signed agreement with Edmunds.com, http://www.edmunds.com, IDS portal 995ad.com, http://www.995ad.com, will join with Edmunds.com to provide live updated information on the Car Section of 995ad.com to include all research, editorials, consumer reviews and ratings, price comparisons, road tests and automobile rebate programs.
IDS CEO, Patrick Downs stated, "IDS is very pleased that our Portal 995ad.com has joined forces with an industry leader like Edmunds.com. IDS Portal 995ad.com in its 1st quarter of launching has already signed over 12,900 auto dealers and has surpassed over 550,000 cars on the site ranking 995ad.com the 2nd largest automobile site on the Internet. IDS http://www.ids-worldwide.com believes that this agreement with Edmunds.com is a significant validation of our business model by the most respected automobile research site for consumers considering an automobile purchase."
IDS reported that consumer traffic to the 995ad.com, http://www.995ad.com, site has increased over 5800% in the past quarter. 995ad.com Car Section continually ranks in the Top 3 auto sites searched on Google (http://www.google.com search "used cars"). The Car Section of 995ad.com has been able to achieve rapid penetration of the online automobile sales industry by providing equal or superior product of the leading online retailers such as eBay Motors, AutoTrader Online and Cars.com while giving consumers and auto dealers up to 500% in reduced ad costs.
The industry segment of the Internet consisting of large portals like 995ad.com such as Yahoo, MSN, Google and eBay are currently in an acquisition race for content. Earlier this year, eBay paid over $415 Million in cash to acquire Rent.com. Rent.com enables Apartment complexes to advertise their properties on their site in return for a $375 fee for every leased generated by visits to the Rent.com site. Rent.com claims over 12 Million Ads per month on the site. IDS Portal 995ad.com will allow apartment complexes to advertise their properties for only $9.95 per month and even enable apartment leasing offices live interaction consisting of chat, pushing applications and floorplans in real time to prospective tenants. IDS believes that because of the significant economic and customer service advantages of listing their properties in the Real Estate section of 995ad.com that many apartment complexes may pursue a dual listing on 995ad.com at the same time keeping their listing on some of the other online apartment sites.
In light of the current valuations being paid for online portal content and the rapid growth of 995ad.com the Board of Directors of IDS Worldwide Solutions, Inc. has approved a major stock buyback of the common stock of IDS (Pink Sheets:IDWS) of 5,000,000 shares. The company believes the stock is extremely undervalued based on the current value of 995ad.com, http://www.995ad.com, and the 2600% increase this quarter in our Homeland Security Division. This stock buyback is in addition to approximately 400,000 shares the company has bought in the open market in August. This buyback is the equivalent of 50% of the total public stock float of IDS. Patrick Downs, CEO of IDS stated, "IDS believes this buyback is a bargain at current price levels and it will add tremendous value for our shareholders." Online portals such as 995ad.com have the advantage over most companies by virtue of carrying no inventory and no warehouse costs. IDS has the further advantage that unlike most public companies IDS has no debt to service.
IDS plans for 995ad.com is to achieve the same market leading penetration of the boat, truck, motorcycle, real estate and apartment complex industry as it has in its 1st quarter of operation in the automobile and travel industry.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
Source: IDS Worldwide Solutions, Inc.
---------------------------------------------- IDS Worldwide Solutions Inc. Orlando William Scott 407-478-4020 ext: 202 info@ids-worldwide.com
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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