IDS Reports HLS to Release HLS 9100 Biometric Encryption Cell Phone18 September 2006
Proprietary Biometric Encrypted Online Banking and Brokerage Interface HLS Worldwide plans to use the auction proceeds for current and future acquisitions of security and technology companies and the ongoing expansion of HLS Worldwide biometric product line. HLS 9100 functionality, security against cloning, data and identity theft and MP4 and video capabilities far exceed even the most popular cell phone currently sold in the United States, the Motorola Razor™. Earlier this month, Motorola credited the Razor™ with helping to boost its financial returns for the quarter. The company reported a profit of $1.75 billion on revenue of $9.42 billion for the July-September period. Highlighted Links IDS Worldwide, Inc. HLS reported that international governments and their defense departments have ordered the HLS Bioflash to protect their countries' government and military operations. HLS has also informed IDS that some of the largest defense contracting companies in the world have also purchased the HLS Bioflash to secure their data networks around the world. HLS is currently closing two unsolicited offers from the largest electronics distributors in Australia and the United Kingdom for exclusive rights for the distribution of HLS Biometric products in those territories. HLS expects both of the deals to close in the next 5 business days. The finalization of these two exclusive distribution agreements will add to already projected revenues in the coming year of approximately $75 Million USD. IDS reported that the merger talks for 995ad.com are continuing but have at a slower pace due to the availability of IDS CEO, Patrick Downs, for medical reasons. IDS CEO will meet again with his orthopedic surgeons again tomorrow for further treatment of a serious neck and back injury sustained in late August. Both parties still anticipate the closing of the merger prior to October 1, 2006. 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. For further information contact: IDS Worldwide, Inc. info@ids-worldwide.com http://www.hlsworldwide.com SOURCE: IDS Worldwide, Inc.
Source: marketwire
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