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[QUOTE]Originally posted by J_U_ICE: [QB] IDWD (.85)Updates Homeland Security Worldwide (HLS) Offer to Acquire IDS Common Shares HLS to Submit Formal Written Offer by July 20, 2006 Jul 13, 2006 2:28:00 PM ORLANDO, FL -- (MARKET WIRE) -- 07/13/06 -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported that it had concluded meetings with the executives of HLS today and HLS executives will be returning to Dubai this weekend. HLS has informed IDS that upon their return to their headquarters on Monday they would have their advisors immediately draft a formal written offer to acquire the outstanding shares of IDS common stock for $2.35 per share. HLS purchases in the open market from the public float and limited purchases from restricted stock of insiders will allow HLS to achieve majority control. IDS feels that when consummated the $2.35 per share will benefit the majority of the public stockholders. The buyout will not include the 995ad.com division which will have its own registration. HLS has informed IDS it will use funding facilities with its current bankers and a $50 Million Bond offering overseas that has been planned previously for expansion and worldwide acquisitions. If accepted, its offer for IDS common stock will not involve stock but would be an all-cash purchase offer. HLS has increased its offer to $2.35 per share and informed IDS upon acceptance of the offer HLS would have its banker JPMorgan Chase set up the appropriate closing escrow accounts. IDS has informed HLS that upon acceptance of the offer HLS will have to pay a $5 Million non-refundable deposit to be placed in the escrow accounts till closing. Forward-Looking Statements 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. For further information contact: IDS Worldwide, Inc. info*ids-worldwide.com [/QB][/QUOTE]
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