ORLANDO, Fla., Sept. 15, 2005 (PRIMEZONE) -- IDS Worldwide Solutions, Inc. (Pink Sheets:IDWS) announced today that IDS Board of Directors approved a corporate name change to IDS Worldwide, Inc. to better reflect the company's current business. IDS also applied to Standard and Poor's CUSIP Bureau for a new CUSIP Number for the new company common stock. The new CUSIP Number is in effect as of 10:00 am. EST. today. Here is the text of the Notice to All Non-Consenting Shareholders that is being sent out today:
September 15, 2005
Notice to Non-Consenting Shareholders
Re: IDS Worldwide, Inc. Formerly Known as IDS Worldwide Solutions Inc.
The Board of Directors of IDS Worldwide Solutions, Inc., (the "Company") has recently approved a restatement of the Certificate of Incorporation of the Company in their entirety (the "Restatement").
Pursuant to the Restatement, the name of the Company will be changed from IDS Worldwide Solutions, Inc. to IDS Worldwide, Inc..
Each shareholder shall surrender his or her stock certificate(s) in the Company and shall receive a new certificate with the changed name. All other terms and conditions of your shares will remain the same.
Delaware law permits a majority of the holders of the outstanding capital stock of the Company to consent in writing to the Restatement, which majority consent has already been obtained. The Restatement shall be effective as of the date the Certificate of Amendment of Certificate of Incorporation is filed with the State of Delaware, or such other date as the Board of Directors of the Company may determine.
Attached to this letter is a copy of the majority written consent approving the Restatement.
With respect to the effectiveness of the majority written consent approving the Restatement, this letter serves as the required notice to be given to non-consenting shareholders.
IDS Worldwide, Inc. is confident that these actions will benefit the common stockholders of the company's common stock. IDS is preparing an application today to the NASD for a new trading symbol for the re-issuance of the Company common stock. All Official Current Stockholders will receive one new share for each old share of the company's common stock.
For further information: http://www.ids-worldwide.com and http://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 st atements. 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.
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.