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IDS Worldwide, Inc. and HLS Worldwide Sign Joint Venture to Acquire US Security Firms

IDS & HLS to Acquire Existing US Security Firms and Open Manufacturing Facility for HLS Biometric Products in the US

IDS Worldwide, Inc. (PINKSHEETS: IDWD) announced today that it has signed a joint venture agreement with HLS Worldwide to acquire existing security companies in the United States. These acquired companies will be able to utilize HLS state-of-the-art Worldwide VOIP and Video Monitoring Centers. Most municipalities in the United States are now requiring video and/or voice verification before responding to private alarm alerts.

There is currently a major consolidation in the US Security Industry as the major of independent security dealers cannot afford the major infrastructure expenses to comply with the new video and voice verification rules. HLS has budgeted $50,000,000 for US Acquisitions some of which are expected to close in the next 10-15 days.

HLS Security Systems have become a household brand name in less than one year of operations overseas. HLS and IDS in this joint venture plan to bring HLS first class security products and services to the United States by quickly arranging the purchase of up to 100,000 security accounts in the United States by the end of the next quarter. These purchases will represent approximately $2.5-$3 Million in additional monthly revenues.

IDS is purchasing a new US Headquarters that combines 25,000 sq.ft. of office, warehouse and manufacturing that will enable IDS to consolidate its operations to one location. The outer shell of the building is completed and IDS expects interior buildout to be completed in the next 60 days. HLS is also in the design stages of a new 150,000 sq.ft. headquarters located in Dubai, UAE. HLS expects to earn significantly increased revenues in Dubai whose construction boom is expected to last until 2016. HLS expects to receive a substantial amount of the fire and security installation for these projects.

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.


Tags: ,Computers and Software:Internet, ComputersandSoftware:Software, ProfessionalServices:Advertising,PRandMarketing, Retail:E-Commerce, ,INTHPINK,INTHPINK,FL,ORLANDO, FL

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