SOURCE: IDS Worldwide, Inc.

August 31, 2007 11:10 ET

HLS Worldwide and WSA Report Completion of Next Generation FIPS 140-2 Compliant Biometric Encryption Security Devices

WSA Moves Manufacturing Operations to Florida

ORLANDO, FL--(Marketwire - August 31, 2007) - IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported that HLS Worldwide and WSA have completed and begun shipping of the next generation FIPS 140-2 Compliant Biometric Security Encryption Devices. Under agreement with the companies, IDS Worldwide receives ongoing royalties and license fees for all biometric products sold worldwide.

WSA began shipping back orders today to various government agencies, Fortune 500 clients and education system buyers. WSA is pleased that the 3 different levels of encryption offered by the products enable buyers to easily integrate the products according to their individual levels of security.

Additionally, WSA informed IDS today that all manufacturing operations are now based in Florida and will allow the company significant cost savings and the ability to beat competitors' price points now on both the GSA schedule and the private market. The new generation of products will be 1 to 4GB Titanium Cased Products with no cap and a 5 year warranty.

HLS Worldwide, as previously reported to IDS, expects to complete its acquisition in the current quarter.

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 Information

  • Contact:
    IDS WORLDWIDE
    PEMBROOKE COMMONS CENTRE SUITE 300
    1800 PEMBROOKE DR.
    ORLANDO, FLORIDA 32810
    PH 407-667-4754
    FAX 407-667-4799