SOURCE: IDS Worldwide, Inc.

May 09, 2008 11:17 ET

IDS Worldwide, Inc. Announces New Board Member Elected

IDS Worldwide, Inc. Transfer Agent Dispels Internet Board Posting of HLS Dividend Conversion to IDS Common Restricted Stock

ORLANDO, FL--(Marketwire - May 9, 2008) - IDS Worldwide, Inc. (PINKSHEETS: IDWD) announced today that in line with the previously announced restructuring its first new board member has been elected to IDS board of directors. Additional board members will be announced next week with the launch of the new corporate website.

IDS is pleased to announce the election of Min Liu of Shenzhen, China who has been heading IDS efforts over the last year in China for the release of the new technology involved in IDS restructuring. Mr. Liu over the past several years has been one of the leading resources in China assisting technologies companies coordinating with the necessary manufacturing facilities and staffing in China.

Mr. Liu was a very integral asset in the cutting edge technology products being released by IDS Worldwide, Inc. this coming week. IDS has already begun shipping the products worldwide thru contract negotiations with major worldwide distribution channel partners.

IDS will also release the information for the new advisory firms for business development contracts and a corporate relations advisory firm the company has retained. All this new information including the new technology products, advisory and corporate relations firms will be available on the new corporate website to be launched next week after the additional board members paperwork is completed.

IDS, with the restructuring, has finalized the necessary documentation to retire 2 Million Shares of former executives' stock. IDS also would like to put to rest the market rumors posted on Internet stock boards by a select few who have continued over the past year to post blatantly false information concerning IDS previously announced HLS stock dividend. The false rumors posted by a few uninformed anonymous posters continue to try and manipulate IDS common stock price by fabricating a mythical conversion of the "private" HLS Stock Dividend to IDS common restricted stock which in their posts claim will flood the market in June of 2008. Don Madden of Integrity Stock Transfer, IDS Stock Transfer Agent, in a letter to the CEO of IDS emphatically stated that anyone posting such a conversion of the HLS dividend into IDS common stock is patently false.

There has been no conversion into IDS common stock restricted and no securities registration by IDS to do so. There is absolutely no truth to anyone posting such fabricated lies on Internet stock board forums. Additionally, IDS number of outstanding shares has never been higher than the approximate 50 Million Shares when the company first went public and thru its efforts and the current restructuring the company's outstanding share count is being reduced to less than 44 Million, it has never been 70 Million Shares outstanding as posted by the same uninformed group of anonymous Internet posters. Additionally, the CEO of IDS Worldwide Mr. Downs' stock in IDS is still held in the original restricted certificate form and has NEVER been submitted to the Transfer Agent to have the restricted legend removed as was eligible in July of 2007.

IDS would advise shareholders to use their own investment advisors for their financial decision making and understand that these sort of fabricated lies are continuously posted on Internet chat rooms by anonymous posters who are not shareholders of the company and post such misinformation usually for their own or associates own financial motives.

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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