ORLANDO, Fla., Aug. 15, 2005 (PRIMEZONE) -- IDS Worldwide Solutions, Inc., (Pink Sheets:IDWS) announced today that it has retained Salamon Brothers of New York on August 10th to become IDS lead investment advisor.
Patrick Downs, CEO, of IDS stated, "After consulting with several financial advisors we have chosen Salamon Brothers to advise IDS on several fronts. IDS firmly believes the current stock price does not reflect the true value of our technology and assets and we are confident Salamon Brothers with their extensive Wall Street connections will be able to assist us in achieving true shareholder value."
Salamon Brothers will assist IDS with both licensing and sale of technology with strategic partners as well as representing IDS directly with institutional investors for the long term placement of equity. IDS will use this equity financing to complete the current backlog of 4,000 installations in its Homeland Defense Division.
IDS has developed some of the most sophisticated Biometric Technology for Homeland Defense in the market including its Biometric Identification Card which included Facial and Fingerprint Biometrics combined with Digital Signature Verification all on one card. IDS believes this card will allow the highest level of security in one system while keeping implementation costs low.
For further 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.