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 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 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 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 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 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.

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