ORLANDO, Fla., July 13, 2005 (PRIMEZONE) -- IDS Worldwide Solutions, Inc. is pleased to announce it recently commenced trading on the OTC market under the symbol (Pink Sheets:IDWS).
"We've completed our transition from a private company to a publicly traded company," stated Patrick Downs, CEO of IDS Worldwide Solutions, Inc. "This will allow lDS Worldwide Solutions, Inc. to take advantage of various opportunities not available to private companies and accelerate our international expansion and growth of our existing business and client base."
IDS Worldwide Solutions, Inc. is a holding company engaged in the design, manufacture, development, and marketing of solutions for security, antifraud, law enforcement, and other applications. The company provides fingerprint and facial biometric, and digital signature technologies all incorporated on one identification card, as well as Hardware and Software systems that rapidly and positively identify individuals to insure security in a variety of local and wide area applications ( http://www.ids-worldwide.com/pes/ ). The company's offerings include Bio-Track(TM) scan systems and services for biometric data capture; mobile systems for on-the-spot ID; and backend standards-based modules and software components for biometric matching and data mining. In addition, the company provides biometric identification hardware, which can be utilized for various security-related markets to conduct background checks; travel and commerce via identification documents; check identity fraud in government and civil ID programs; and check access to secure areas and networks. The company's products enable government, banking, law enforcement agencies, travel, transportation, corporate enterprise, and the healthcare sectors to implement secure identification procedures and safeguard sensitive data archives.
IDS Worldwide Solutions, Inc. owns additional subsidiaries that operate high-tech manufacturing facilities, call centers and data centers around the world. These state-of-the-art facilities are all owned debt free by the company. The company will further expand its data center facilities in the 3rd quarter of 2005 to accommodate the rapid growth of company owned internet marketplace portals.
The company operates as Homeland Security Inc. (HLS) overseas and has exclusive territory agreements with DSC, a division of Tyco Corporation (TYC), the HLS division currently has a backlog of 4,000 additional installations for the company's wireless GSM security and fire monitoring service.
For Additional Information: http://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.