Post by deeitz1969 on Sept 28, 2005 14:14:01 GMT -6
By: jcline
28 Sep 2005, 03:18 PM EDT
Msg. 260439 of 260452
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IDS Worldwide, Inc. Announces Officers and Directors Withdraw 37.5 Million Shares From DTC
Wednesday September 28, 1:38 pm ET
IDS Worldwide, Inc. -- Formerly Known as IDS Worldwide Solutions, Inc. -- Clarifies Name, CUSIP # and Symbol Change
ORLANDO, FL--(MARKET WIRE)--Sep 28, 2005 -- IDS Worldwide, Inc. (Other OTC:IDWS.PK - News) today announced that all Officers and Directors have taken physical possession in Certificate form of all 37.5 Million Shares of Restricted Stock under their ownership. IDS Worldwide, Inc. (http://www.ids-worldwide.com) has taken this action to quell unsubstantiated rumors that have been circulating that Officers and Directors in whole or part have leveraged these holdings by entering into buy-sell and/or loan agreements with fund providers. IDS has rejected every offer from these "Loan/Hedge Funds" that have requested discounted "Free Trading Shares" as it would adversely affect current common stock shareholders.
ADVERTISEMENT
All shares issued to Officers and Directors were restricted shares, the Officers and Directors as a group have never been issued any free trading shares and this 37.5 Million Shares pulled from the DTC on 9/27/05 represents every single share the group had been issued.
IDS Worldwide, Inc. further clarifies the current timetable for the mandatory surrender of all stock under the old CUSIP number, name and new symbol. IDS Worldwide, Inc. has been issued a new CUSIP Number and has filed with the State of Delaware its Restated Articles of Incorporation including the Board of Directors Resolution for the name change to IDS Worldwide, Inc. IDS is awaiting the certified copy of the Restated Articles of Incorporation back from the State of Delaware and upon receipt will forward this document along with the new CUSIP Number to NASD for the new symbol change.
Current shareholders of IDS Worldwide Common Stock (IDWS) will not have to take any action as each brokerage with stockholders on the official transfer agent ledger will be notified of these changes. Only clients of these brokerages who have "borrowed stock" they did not own in their own accounts will have to purchase stock in the open market in order to surrender the certificates to receive the new stock to balance their positions. IDS does not have an exact date the new symbol will be issued and therefore cannot give any advance notice of the day brokerages will be notified of the mandatory call of the old stock. However, IDS has been advised by the agencies involved that it should be completed shortly.
For further information: www.ids-worldwide.com and www.995ad.com.
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.
biz.yahoo.com/iw/050928/096523.html
Contact:
Contact:
IDS Worldwide, Inc., Orlando
info@ids-worldwide.com
28 Sep 2005, 03:18 PM EDT
Msg. 260439 of 260452
Jump to msg. #
IDS Worldwide, Inc. Announces Officers and Directors Withdraw 37.5 Million Shares From DTC
Wednesday September 28, 1:38 pm ET
IDS Worldwide, Inc. -- Formerly Known as IDS Worldwide Solutions, Inc. -- Clarifies Name, CUSIP # and Symbol Change
ORLANDO, FL--(MARKET WIRE)--Sep 28, 2005 -- IDS Worldwide, Inc. (Other OTC:IDWS.PK - News) today announced that all Officers and Directors have taken physical possession in Certificate form of all 37.5 Million Shares of Restricted Stock under their ownership. IDS Worldwide, Inc. (http://www.ids-worldwide.com) has taken this action to quell unsubstantiated rumors that have been circulating that Officers and Directors in whole or part have leveraged these holdings by entering into buy-sell and/or loan agreements with fund providers. IDS has rejected every offer from these "Loan/Hedge Funds" that have requested discounted "Free Trading Shares" as it would adversely affect current common stock shareholders.
ADVERTISEMENT
All shares issued to Officers and Directors were restricted shares, the Officers and Directors as a group have never been issued any free trading shares and this 37.5 Million Shares pulled from the DTC on 9/27/05 represents every single share the group had been issued.
IDS Worldwide, Inc. further clarifies the current timetable for the mandatory surrender of all stock under the old CUSIP number, name and new symbol. IDS Worldwide, Inc. has been issued a new CUSIP Number and has filed with the State of Delaware its Restated Articles of Incorporation including the Board of Directors Resolution for the name change to IDS Worldwide, Inc. IDS is awaiting the certified copy of the Restated Articles of Incorporation back from the State of Delaware and upon receipt will forward this document along with the new CUSIP Number to NASD for the new symbol change.
Current shareholders of IDS Worldwide Common Stock (IDWS) will not have to take any action as each brokerage with stockholders on the official transfer agent ledger will be notified of these changes. Only clients of these brokerages who have "borrowed stock" they did not own in their own accounts will have to purchase stock in the open market in order to surrender the certificates to receive the new stock to balance their positions. IDS does not have an exact date the new symbol will be issued and therefore cannot give any advance notice of the day brokerages will be notified of the mandatory call of the old stock. However, IDS has been advised by the agencies involved that it should be completed shortly.
For further information: www.ids-worldwide.com and www.995ad.com.
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.
biz.yahoo.com/iw/050928/096523.html
Contact:
Contact:
IDS Worldwide, Inc., Orlando
info@ids-worldwide.com
