Published: August 17, 2006
IDS CEO Featured on FOX TV News Yesterday and Three Additional Broadcasts This Morning
HLS Bioflash Online Orders Triple Prior to and After Fox TV News Interview
IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported
today that IDS CEO Patrick Downs was featured in an interview segment
yesterday and three additional broadcasts this morning. IDS demonstrated
the proprietary encryption and software for the HLS Bioflash USB drive
which is the most sophisticated Biometric Encryption flash drive in the
world.
Prior to the broadcast on FOX News, online orders tripled and continue to
increase again this morning at a rapid pace. The news segment can be seen
online at http://www.hlsworldwide.com. IDS CEO Patrick Downs stated, "IDS
has received additional requests from broadcast networks and media
publications to run news segments on the HLS Bioflash Drive. We have
always been confident that once this breakthrough technology was seen
firsthand by the public the information would have a viral marketing
effect."
IDS previously signed joint venture with STS has produced immediate results
in Washington with meetings and product demonstrations with the majority of
the top government agencies. The OMB issued a directive to all government
agencies on August 10, 2006 that all agencies must immediately update their
IT security to encrypt all portable data storage devices. Most agencies
still have not met this criteria at this date. The Veterans Administration,
which has $200 Million for IT security which must be spent by fiscal year
end September 30, 2006, has already held meetings with STS executives last
week and will meet again this coming week. STS will also conduct follow up
meetings with the IRS, TSA and Senator's that have requested private
demonstrations of this revolutionary biometric encryption flash drive.
Under the STS status as Disabled Veterans Owned Company any government
agency can purchase up to $3 Million of HLS products prior to be placed on
the GSA List. STS has held several meetings regarding HLS Biometric Flash
Drives being placed on the GSA schedule and GSA has informed STS that they
are expediting this process due to the demand from various government
agencies.
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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