SOURCE: IDS Worldwide, Inc.

October 06, 2005 09:58 ET

IDS Worldwide, Inc. Updates HLS Division Buyout Offers

IDS Worldwide, Inc. -- Formerly Known as IDS Worldwide Solutions, Inc. -- Reviews Buyout Offers

ORLANDO, FL -- (MARKET WIRE) -- October 6, 2005 -- IDS Worldwide, Inc. (OTC: IDWS) today announced that the Company has reviewed the previously announced two buyout offers for the Company's Homeland Security Division.

The value of both offers as presented to IDS are in the $35-40 Million range depending on various closing contingencies. IDS Board of Directors has requested both bidders to turn in their final offers by close of business October 7, 2005. IDS received an offer from a third bidder after yesterday's press release but the offer did not meet the value of the two offers previously under review. IDS Board of Directors will review both final offers during the weekend and announce the Board of Directors decision at the beginning of the coming week.

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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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