ORLANDO, Fla., Aug. 10, 2005 (PRIMEZONE) -- The client corrects a release issued earlier today under the same headline. Please note change to the third paragraph.
IDS Worldwide Solutions, Inc. (Pink Sheets:IDWS) announced today its launch of www.995ad.com, an internet portal that brings together buyers and sellers of automobiles, boats, homes and various other merchandise. Through www.995ad.com, IDS intends to directly compete with Autotrader.com(r) and eBay(r) in the lucrative online automobile, boat and home sales markets. In addition, www.995ad.com offers listings for personal ads, employment and travel services.
According to Pat Downs, CEO of IDS Worldwide Solutions, www.995ad.com differs from many other online sales portals in that the customer only pays a $9.95 flat fee per month to list their item for sale and does not pay any additional fees or costs, other than shipping and handling costs which is handled directly between the buyer and seller, once the item is sold. As a result, many www.995ad.com customers will be able to sell their automobiles, boats, homes and other merchandise at up to 500% lower ad price than if they chose to sell their items on another online sales portal.
In conjunction with the announcement of its launch of www.995ad.com, IDS also announced it has entered into agreements with 12,900 automobile dealers nationwide which provides the automobile dealers a discount rate to advertise on www.995ad.com. IDS has already received over 500,000 automobiles under this agreement to be added to its online automobile inventory. "Online automobile sales have realized explosive growth over the last five years and now account for an eleven-billion-dollar annual market," stated Mr. Downs. "Our launch of www.995ad.com and the recent agreement with the automobile dealers assures us that we will be able to capture a piece of this ever-growing and profitable market."
For more information: www.995ad.com www.ids-worldwide.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.