SOURCE: IDS Worldwide, Inc.

July 06, 2006 09:15 ET

IDS Updates Buyout Offer for All Outstanding Shares at $1.75 per Common Share

IDS, HLS and WSA Executives Meet to Discuss Increased Offer

ORLANDO, FL -- (MARKET WIRE) -- July 6, 2006 -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) IDS announced today that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock. HLS executives have 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. IDS executives yesterday had talks with both companies and those talks were abruptly postponed further, until today when HLS made an offer to form a joint venture with Worldwide Security Acquisitions and proceed jointly with an increased buyout offer.

HLS and WSA executives informed IDS executives at 11 p.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 and WSA combined revenues for 2006 currently exceed $60 Million and combined assets in excess of $10,000,000, neither company carries any debt.

IDS has informed both parties that it would like to have the negotiations concluded not later than close of business July 7, 2006. HLS also informed IDS that today its advisors were applying for the CUSIP number to finalize the distribution of the special dividend. Numerous shareholders have received "book entry" of the dividend in their brokerage accounts, while some brokerages have yet to record this entry. By obtaining the CUSIP number it will allow all brokerage houses to complete the distribution.

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.

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