posted
IDS Updates Homeland Security Worldwide (HLS) Offer to Acquire IDS Common Shares HLS Informs IDS Regarding Acquisition Financing IDS Worldwide, Inc. (PINKSHEETS: IDWD) IDS reported yesterday that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock.
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.
In another news HLS informed IDS that the first shipments of HLS Biometric Encryption Flash Drives cleared US Customs today and deliveries have begun to the dealer network in the United States.
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.
does this mean that shareholders will get $2.35 per share when the buyout commences? looks like an easy double from here...thoughts?
Posts: 2741 | From: Seattle | Registered: Feb 2005
| IP: Logged |
posted
IDS Receives Increased Offer From HLS of $2.35 per Share IDS to Consider Increased Offer for IDS Excluding 995ad.com Division IDS Worldwide, Inc. (PINKSHEETS: IDWD) IDS reported earlier today that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock. HLS executives had stated the company would meet or exceed the offer of WSA, but still keep the division of 995ad.com as a separate asset to be spun-off later thru its own offering.
HLS and WSA executives informed IDS executives at 11p.m. EDT that the two companies will meet again this morning to continue their negotiations. IDS executives informed both parties that no sale would be considered that included the 995ad.com unless the offer was in excess of $5.00 per share. IDS feels it would not be in the interest of common stockholders to sell 995ad.com at this young growth stage of the division.
HLS has informed IDS that they would be proceeding on their own in this acquisition and WSA has decided to make its own separate offer for the 995ad.com division. IDS had made in clear to both parties that the company would not consider the sale of that division unless certain price levels where met.
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 setup 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. IDS will consult with its advisors to determine if the offer is in the best interest for its common stockholders.
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.
Business Description: IDS Worldwide Solutions is a holding company with operations in software, manufacturing and security products.
State of Incorporation: Delaware
Country of Incorporation: USA
Officers: Patrick Downs, CEO; Bill Scott, President; Yasar Khawar, CTO
Fiscal Year End: June 30
Outstanding Shares: 50,000,000 as of 2005-06-28
Estimated Market Cap: Not Available Authorized Shares: 100,000,000 as of 2005-06-30 Float: 11,000,000 as of 2005-06-30
Current Capital Change: shs decreased by 1 for 100 split Ex-Date: Record Date: Pay Date: 2005-06-22
Dividends: Amount: Div: Spin off; One restricted share of HLS Worldwide, Inc for each share held. Will not be quoted Ex. Pay Date: 2006-06-15 Record Date: 2006-05-18
Company Notes: Formerly=Syntech International, Inc. until 6-05 Formerly=IDS Worldwide Solutions, Inc. until 10-05
Class Notes: New Issue=6-81 900,000 shs in units (2 shs Com & 1 Warr 5-31-83) at $10 per unit by Faherty & Faherty, Inc
Transfer Agent: Integrity Stock Transfer, Las Vegas, NV 89120
Posts: 2741 | From: Seattle | Registered: Feb 2005
| IP: Logged |
IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported that HLS has informed IDS that its advisors will meet with Swiss Banks this week regarding funding arrangements for the previous IDS buyout for $2.35 per common share. Tender documents are completed pending final details of funding sources and procedures.
Some arrangements have been delayed due to the Holy Month of Ramadan but no terms in the deal have been changed. HLS is more convinced than ever to go forward with the buyout due to continued phenomenal revenue growth and new product launches.
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.
Contact: For further information contact: IDS Worldwide, Inc. info*ids-worldwide.com http://www.hlsworldwide.comPosts: 112 | From: Tucson, Az. | Registered: Apr 2006
| IP: Logged |
IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported today HLS Biometric Security Products were featured in the Homeland Security Bulletin, a bulletin distributed to over 21,000 Federal, State and Municipal subscribers responsible for homeland security and critical IT infrastructure security on a daily basis. HLS products will be featured every Tuesday and Thursday for the next year. Homeland Security Bulletin features biometric authentication on Tuesday's and Critical IT Security and Infrastructure on each Thursday.
This exposure to high level decision makers on a weekly basis as the lead biometric products should further enhance the government sales already achieved for these leading biometric products. Governments around the world continue to purchase HLS world leading biometric encryption products at an increasing rate.
Further adding to world exposure HLS has signed with their largest distribution partner to date. Eurotrade Concept Market Network, of the Netherlands has agreed to promote HLS biometric products to their current IT channel partners in over 100 countries. This deal is expected to produce 1st year additional revenue in excess of $75,000,000, adding to the already explosive growth of HLS biometric products worldwide. Thus, further showing that HLS leading encryption technology is quickly being recognized as the strongest biometric security authentication available on the market today.
HLS executives are meeting with their advisors and bankers this week in Dubai to finalize arrangements for the previously announced $2.35 cash buyout of IDS Worldwide, Inc. common shares.
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.
IDS Worldwide, Inc. (PINKSHEETS: IDWD) is responding today to various market rumors regarding the health of IDS Worldwide, Inc. CEO and the HLS buyout for $2.35 cash per share of IDS common stock.
As reported by the Reg SHO list there is a significant amount of shorting taken place in IDS common stock and this continues to be the situation. IDS CEO Patrick Downs recently had a serious injury that will require multiple surgeries that have for the most part confined him to a wheelchair at various times. This has not precluded the CEO, except for extreme times, from communicating with executives in the US offices and the various offices around the world.
These various factions that haven taken short positions in IDS stock are trying to use this and other scare tactics to cause investor concern to aid their shorting agendas. However, this has not kept the remainder of IDS executives and employees from effectively running the company in his absence as documented by the continuous introduction of new products, distribution channel partners, increased revenue growth and the day-to-day business functions of the company. To the contrary the company still continues to grow at a very rapid pace throughout the world. IDS and HLS executives continue to spend their time growing revenues and profits and will not be constrained by the buyout talks and/or the price fluctuations of the company stock, as it should be.
IDS also dispels the rumors concerning the buyout of IDS common stock by HLS. Although the serious injury to the company CEO has sometimes made him unavailable for these buyout talks the negotiations have been concluded as to the terms so this does not affect the buyout. Furthermore, even though certain events have been slowed by the Holy month of Ramadan in the Muslim world as reported the final financial talks are being held in UAE this week. To that point, HLS executives will meet with their bankers tomorrow morning at 9:30am UAE time to finalize structure of the previously reported $50 million bond to attach to the tender documents for submission and approval.
IDS would caution anyone making investment decisions guided by these market rumors and/or false internet postings which would cause them not to participate in the approved HLS $2.35 per share cash offer for all outstanding shares of IDS stock. IDS felt it was necessary to respond to these rumors in order to give shareholders the actual status of both the health of IDS' CEO and the HLS buyout. The majority of the shares have already agreed to the deal and there will be no further negotiations to the buyout.
In closing, IDS is very proud of its accomplishments over the last year with the introduction of leading technology products that have made the company attractive enough to produce this cash buyout by HLS Worldwide that was planned to reward its long-term shareholders. This has been accomplished without concern for short-term traders and/or those in the market that wish to avail themselves of shorting procedures as substantiated by the Reg SHO list.
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.
Contact: For further information contact: IDS Worldwide, Inc. info*ids-worldwide.com http://www.hlsworldwide.comPosts: 112 | From: Tucson, Az. | Registered: Apr 2006
| IP: Logged |
IDS Worldwide, Inc. (PINKSHEETS: IDWD) announced today that IDS and HLS will announce major updates Monday, October 16th.
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.
Contact: For further information contact: IDS Worldwide, Inc. info*ids-worldwide.com http://www.hlsworldwide.comPosts: 112 | From: Tucson, Az. | Registered: Apr 2006
| IP: Logged |
posted
Don't forget that we will also receive 1 for 1 shares of the new 995ad.com spinoff along with the $2.35 a share buyout. When HLS (Home Land Sequrity) gets its new ticker letters and its listed on the exchange, all the money I receive from IDWD shares will be going right back in to the new HLS. Current stockholders that received the HLS shares also are to receive a warrant to purchase the new HLS stock (1 for 1 * $7.50 over three years). People keep "knocking" IDWD because they have lots of shares sold short! Hang in there and you will be rewarded for your time and effort. Good Luck to all Shareholders of IDWD.
posted
To those that are looking at the low volume, Most people are hanging onto their share so there is very little trading going on at this point in time. Also remember the three day period to close a stock transaction. I "lost" a 100 shares when I purchased them two days before the record date and as the stock wasn't "officially" mine yet, I did not receive the HLS shares for that purchase. Another learning experiance for a newbie.
posted
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.
IDS Worldwide, Inc. (PINKSHEETS: IDWD) was informed today that HLS Executives' meetings with their legal and banking advisors were successful. HLS has informed IDS that the financing structure for the previously announced $2.35 cash buyout of the outstanding common shares of IDS Worldwide, Inc. has been completed.
IDS and HLS, after the Eid Holiday, will release definitive details and timelines pertaining to the final closing of the transaction. Each common stockholder of IDS common shares (PINKSHEETS: IDWD) will receive $2.35 per share cash for each share of common stock owned. IDS majority insiders are approved to receive HLS bonds and stock for their IDS common shares.
Certain filings pertaining to the acquisitions are expected to be filed in the coming week. Now that the transactions are coming to a close, HLS and its distribution partners are launching a major advertising program with the Wall Street Journal with quarter page ads in major cities for branding and public awareness of their biometric encryption products.
HLS will also release, following the receipt of final documents, a major contract with a Fortune 500 company after the Eid holiday, which is expected to triple HLS' previously projected revenues in 2007. Additionally, HLS representatives are concluding talks in Washington today regarding additional government orders received for the HLS biometric products and expect these products will be added to the GSA list as early as next week.
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.
posted
wow great news. Eid holiday is this sunday so there should be another pr out begining of next week with more details. Buyout price of $2.35 nice
Posts: 4071 | Registered: Dec 2005
| IP: Logged |
posted
Honestly, I've played this stock many times in the past, but I would be shocked to really see this buyout come to pass. I was just talking to a guy at work about it how funny it would be if I really end up getting $2.35 a share for this without the share price ever approaching it because the CEO's been so full of it in the past.
Would be really nice though...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
they said they'll release another pr with more details after the Eid holiday which is this sunday; so we should get somethin' beginning of next week
Posts: 4071 | Registered: Dec 2005
| IP: Logged |
posted
IDS Informed HLS Moving Manufacturing Operations to Hong Kong and USA to Meet Increasing Demand
2006-10-20 09:45 ET - News Release
ORLANDO, FL -- (MARKET WIRE) -- 10/20/06
IDS Worldwide, Inc. (PINKSHEETS: IDWD) was informed today that HLS is moving all manufacturing operations to the United States and Hong Kong. This move accomplishes two goals for the company; it meets all requirements for manufacturing under GSA Schedule 70 for its biometric products and allows the company to triple manufacturing capacity immediately to meet increasing demand for its proprietary biometric products from the government and private sectors.
HLS will now have the capacity to manufacture between 1 and 2 million units per month to meet the overwhelming worldwide demand that is increasing daily for their biometric encryption products. The company advertising campaign in the Homeland Security Bulletin twice per week has quickly increased awareness throughout government agencies for this new higher level of encryption and biometrics. The biggest demand has been for the HLS biometric encryption mouse and the proprietary time and attendance software that is customizable to assign varying levels of security authentication. HLS received their 1st order from the banking industry this week for system wide implementation throughout every bank branch. The banking industry can use the biometric encryption mouse for all teller stations and safe deposit box entry. The accompanying software allows banks to assign varying levels of security authentication which would prohibit unauthorized transactions.
The next phase of the bank-wide implementation program will be giving online banking customers the security of biometric encrypted online transactions by using the HLS Biometric Encryption mouse with the BioLock Data Protection System(TM) on the bank's central servers. The HLS Biometric Encryption Mouse is the world's only biometric encryption mouse with customizable authentication and data protection software.
Now HLS will begin additional national advertising campaigns for brand awareness starting with the Wall Street Journal campaign targeting financial, insurance and banking professionals. These industry segments have a huge fiduciary responsibility to protect sensitive client data. Data theft in these industry segments have reached epidemic levels and exposing banks, brokerages houses and insurance companies to huge liability suits from their respective clients.
Yesterday, HLS Executives reported that meetings with their legal and banking advisors were successful. HLS has informed IDS that the financing structure for the previously announced $2.35 cash buyout of the outstanding common shares of IDS Worldwide, Inc. has been completed.
IDS and HLS, after the Eid Holiday, will release definitive details and timelines pertaining to the final closing of the transaction. Each common stockholder of IDS common shares (PINKSHEETS: IDWD) will receive $2.35 per share cash for each share of common stock owned. IDS majority insiders are approved to receive HLS bonds and stock for their IDS common shares. Certain filings pertaining to the acquisitions are expected to be filed in the coming week.
HLS will also release, following the receipt of final documents, a major contract with a Fortune 500 company after the Eid holiday, which is expected to triple HLS' previously projected revenues in 2007. Additionally, HLS representatives are concluding talks in Washington today regarding additional government orders received for the HLS biometric products and expect these products will be added to the GSA list as early as next week.
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.
Contact: For further information contact: IDS Worldwide, Inc. info*ids-worldwide.com http://www.hlsworldwide.comPosts: 112 | From: Tucson, Az. | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
