Published:
IDS Worldwide, Inc. Announces New Board Member Elected
IDS Worldwide, Inc. Announces New Board Member Elected
IDS Worldwide, Inc. Transfer Agent Dispels Internet Board Posting of HLS Dividend Conversion to IDS Common Restricted Stock
IDS Worldwide, Inc. (PINKSHEETS: IDWD)
announced today that in line with the previously announced restructuring
its first new board member has been elected to IDS board of directors.
Additional board members will be announced next week with the launch of the
new corporate website.
IDS is pleased to announce the election of Min Liu of Shenzhen, China who
has been heading IDS efforts over the last year in China for the release of
the new technology involved in IDS restructuring. Mr. Liu over the past
several years has been one of the leading resources in China assisting
technologies companies coordinating with the necessary manufacturing
facilities and staffing in China.
Mr. Liu was a very integral asset in the cutting edge technology products
being released by IDS Worldwide, Inc. this coming week. IDS has already
begun shipping the products worldwide thru contract negotiations with major
worldwide distribution channel partners.
IDS will also release the information for the new advisory firms for
business development contracts and a corporate relations advisory firm the
company has retained. All this new information including the new technology
products, advisory and corporate relations firms will be available on the
new corporate website to be launched next week after the additional board
members paperwork is completed.
IDS, with the restructuring, has finalized the necessary documentation to
retire 2 Million Shares of former executives' stock. IDS also would like to
put to rest the market rumors posted on Internet stock boards by a select
few who have continued over the past year to post blatantly false
information concerning IDS previously announced HLS stock dividend. The
false rumors posted by a few uninformed anonymous posters continue to try
and manipulate IDS common stock price by fabricating a mythical conversion
of the "private" HLS Stock Dividend to IDS common restricted stock which in
their posts claim will flood the market in June of 2008. Don Madden of
Integrity Stock Transfer, IDS Stock Transfer Agent, in a letter to the CEO
of IDS emphatically stated that anyone posting such a conversion of the HLS
dividend into IDS common stock is patently false.
There has been no conversion into IDS common stock restricted and no
securities registration by IDS to do so. There is absolutely no truth to
anyone posting such fabricated lies on Internet stock board forums.
Additionally, IDS number of outstanding shares has never been higher than
the approximate 50 Million Shares when the company first went public and
thru its efforts and the current restructuring the company's outstanding
share count is being reduced to less than 44 Million, it has never been 70
Million Shares outstanding as posted by the same uninformed group of
anonymous Internet posters. Additionally, the CEO of IDS Worldwide Mr.
Downs' stock in IDS is still held in the original restricted certificate
form and has NEVER been submitted to the Transfer Agent to have the
restricted legend removed as was eligible in July of 2007.
IDS would advise shareholders to use their own investment advisors for
their financial decision making and understand that these sort of
fabricated lies are continuously posted on Internet chat rooms by anonymous
posters who are not shareholders of the company and post such
misinformation usually for their own or associates own financial motives.
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.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Tags: Internet, Software, Medical, Consulting, Accounting and other Professional Services, Wal Mart, Sears, Nordstrom and other Retail, , florida
_ _Is your favorite bookmark site missing?
Ask for it.
Search News
Daily News
