SOURCE: IDS Worldwide, Inc.

October 24, 2005 12:37 ET

IDS Worldwide, Inc. Announces Additional Share Repurchase Program Funding

IDS Worldwide, Inc. Announces Repurchase of Up to 5,000,00 Common Shares Effective Immediately

ORLANDO, FL -- (MARKET WIRE) -- October 24, 2005 -- IDS Worldwide, Inc. (OTC BB: IDWD) today announced that under a credit facility with officers and directors IDS has approved the immediate repurchase of up to 5,000,000 shares of the company's common stock. These repurchases will not affect cash flow or interrupt company operations as the funds are being provided for by certain officers and directors to take advantage of current market prices conditions. IDS will purchase these shares up to and including the ex-dividend date to be announced shortly. IDS Worldwide, Inc. had received several unsolicited proposals from hedge fund and/or stock loan promoters in the past week and has categorically rejected by not even acknowledging these email and telephone offers. IDS CEO, Patrick Downs stated, "IDS wishes to assure it common stockholders that IDS will not enter into any agreements with these hedge fund companies that historically have shown to hurt common stockholders. IDS observed simultaneously, with these unsolicited offers, downward pressure on the stock price in order to entice IDS to accept these offers. Officers and Directors have chosen to establish a credit facility from their own resources to begin immediately buying back shares from these lower prices and to assure all common stockholders IDS will not deal with these fringe companies that seek to take advantage of common stockholders." These repurchases have begun in the market today and will continue at the minimum until the ex-dividend date.

IDS expects to conclude the breakout audit of the HLS division overseas this week and finalize with US tax counsel immediately thereafter. IDS also announced that the specialized RAM for the new datacenter has been received and loaded in the last 24 hours and technicians will now complete the transfer of the databases and upgrades. IDS plans to instruct Network Solutions to transfer the domains to the new datacenter later this week. will launch a nationwide campaign in such media as USA Today announcing the new datacenter and our pricing structure of "$9.95 Good Till Sold." Customers will be able to place ads and sell their products for only $9.95 per ad, good till sold (users will have to update and renew their ad online every 30 days up to a limit of 12 weeks). IDS completed research has established this pricing structure after judging that most products are usually sold in the 1st 60 days of ad placement if they are going to sell. This will give IDS portal a superior pricing advantage over all competitors in the market and combined with the new high speed datacenter significant market penetration abilities for all sections of the portal. For further information: and

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