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PR for AFTERHOURS and MONDAY 10/16
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[QUOTE]Originally posted by osoaz: [QB] IDS and HLS Awarded Expanded Territories for Security Services 2006-10-16 15:30 ET - News Release ORLANDO, FL -- (MARKET WIRE) -- 10/16/06 IDS Worldwide, Inc. (PINKSHEETS: IDWD) announced today that due to the tremendous success of HLS Security Services in Pakistan the company has been granted the right to expand services throughout the Gulf Region. This is an overwhelming endorsement of both the technical capabilities and quality of HLS Security Services in the region. Now in addition to the previous security monitoring services HLS will be able to offer fire suppression and monitoring equipment and services. More detailed information and formal documentation will be forthcoming in the coming days but the meetings are still ongoing. Additionally, the companies will be able to update matters relating to the buyout after the next round of meetings conclude in Dubai this Wednesday. IDS and HLS had planned to release more detailed information regarding all of these matters today but the enormity of the new agreements and their respective ramifications have required these meetings to continue past this weekend. IDS and HLS are aware shareholders would like further details and although verbal agreements have been consummated, the necessary paperwork has not been finalized by company lawyers for all parties' signatures. IDS and HLS have other significant events to update but must await signing by all parties before releasing the full details. IDS and HLS regret this necessary delay but feel it is prudent to await complete documentation and unfortunately could not update shareholders until this time today due to these continued meetings to finalize the aforementioned documents. 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 http://www.hlsworldwide.com [/QB][/QUOTE]
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