IDS Worldwide reported that IDS development teams were successful in integrating TYCO DSC Security Products with proprietary biometric software and the previously developed HR SmartScan System. This new security system will allow consumer retail chains to control all premise, IT, and POS systems with one security system. The all-in-one solution also can track employee attendance via biometrics, and reportedly helped McDonald’s in Venezuela drop 22% in payroll expenses alone.
HLS Worldwide, LLC Concluding Meetings Today in Bahrain; IDS Executives to Surrender Stock for HLS $2.35 per Share Buyout of All IDS Common Stockholders Scheduled for This Quarter
HLS Worldwide Successful With Breakthrough Security Product Demonstration in United States
ORLANDO, FL, July 5, 2007–IDS Worldwide, Inc. (PINKSHEETS: IDWD) reported that IDS development teams were successful integrating TYCO DSC Security Products with proprietary biometric software and the previously developed HR SmartScan System. IDS reports this breakthrough technology will be demonstrated tomorrow to some of the leading security executives in the USA representing the majority of all big box retail stores in the USA that have expressed interest in deploying this new IDS technology.
The successful demonstration this past week in the US to industry-leading executives representing the majority of the largest consumer retailers in the country will lead to the launch of this proprietary security system immediately in the United States. This will allow consumer retail chains such as CVS, Target, Office Depot, McDonalds, Best Buy and Home Depot to control all premise, IT and POS systems with one security system, HR SmartScan.
HR SmartScan, over 7 years in development, will allow significant and immediate cost savings. For example, McDonalds in Venezuela reported an immediate 22% drop in payroll expenses alone just by using biometric capability of tracking employee attendance. HR SmartScan is the only available security system that can control through biometrics all these security functions of POS cash terminals, access control and IT security authorization in a retail environment.
IDS and HLS are confident that these significant relationship developments, along with new revenue streams projected to produce 25,000 new security clients this year, should enable HLS to move forward in the near term with its previously announced plan to acquire the remaining shares in public hands of IDS Worldwide, Inc. in the current quarter.
HLS Worldwide feels that IDS’ ability to continually produce superior technology in the security industry is sufficient reason to add the brain trust of IDS programmers and scientists through this acquisition. IDS’ current stock price is not material to the buyout price, only a small amount of the outstanding stock is represented by the trading float of the company, as the majority of the buyout price is to be received by IDS insiders holding a majority of the outstanding stock.
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.