SOURCE: IO Circuit

July 06, 2006 10:04 ET

(OTC: IDWD) Updates Buyout Offer for All Outstanding Shares at $1.75 per Common Share

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (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.

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