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DS Worldwide Solutions, Inc. Reports Revenue and Earnings Guidance Thursday August 25, 10:01 am ET IDS Announces Revenue Guidance of $25-30 Million and EPS of $.21-.23
new york, Fla.--(BUSINESS WIRE)--Aug. 25, 2005--IDS Worldwide Solutions, Inc., (Pink Sheets:IDWS - News) announced today the Company's Revenue and Earnings Guidance for its Fiscal Year beginning July 1, 2005. ADVERTISEMENT
IDS Worldwide Solutions, Inc. - http://www.ids-worldwide.com - fiscal year runs from July 1, 2005 to June 30, 2006. In the first 60 days as a new publicly traded company, IDS has received orders of approximately $4 Million in the company's various divisions, historically the company's slowest quarter, representing a 3000% growth in orders over the previous quarter. The rapid growth of IDS' leading internet portal 995ad.com - http://www.995ad.com -, which charges customers $9.95 per month to advertise their products and/or services and now has over 550,000 car ads and 70,000 hotel and resort ads in the first 60 days since the site launched, is leading to record revenues and earning per share (EPS) for fiscal year 2006.
IDS Worldwide Solutions, Inc. (IDS) guidance for its 1st fiscal year (2006) as a public company is that Revenues will range between $25-30 Million and Earnings Per Share (EPS) will range $.21-$.23 per share on a fully diluted basis.
IDS CEO, Patrick Downs, stated: "IDS' rapid revenue and earnings growth has led IDS to implement a 5,000,000 share buyback of the company's common stock. IDS is cognizant that the stock price does not truly reflect the value of IDS assets and technologies. Under the current buyback program, IDS has purchased to date approximately 600,000 shares in the open market and will continue to use free cash to repurchase shares and increase shareholder value."
Downs further stated: "IDS is very pleased that our planned rollout of 995ad.com has achieved significant results in the 1st two months since its launch. The IDS portal has already become the 2nd largest automobile site on the internet with minimal advertising expenditures. IDS will do a nationwide rollout of the site to over 100 Million Cable and Satellite customers this coming weekend - August 27-29. IDS is currently producing an Infomercial and series of 2 minute commercials that will appear on nationwide cable networks regarding the 995ad.com portal in September 2005 after the Labor Day holiday. The company is confident that this massive direct TV marketing campaign will further increase the public's awareness of the significant savings available over the current major online portals when advertising their products and/or services for sale. This may cause the company to adjust guidance upward for the coming quarters."
IDS has retained counsel to prepare the documentation for the company stock to move to the OTCBB. IDS audited results by our Independent Chartered Accountant are now being prepared for review by a SEC certified accounting firm in the United States. IDS' fully audited results of our overseas accounting firms should be completed in time for IDS to move to the OTCBB in the coming quarter.
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: IDS Worldwide Solutions, Inc., new york William Scott, 407-478-4020, ext: 202 info@ids-worldwide.com
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