SOURCE: IDS Worldwide, Inc.

July 06, 2006 11:05 ET

IDS Receives Increased Offer From HLS of $2.35 per Share

IDS to Consider Increased Offer for IDS Excluding 995ad.com Division

ORLANDO, FL -- (MARKET WIRE) -- July 6, 2006 -- 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.

Contact Information