IDS Worldwide, Inc. HLS Division to Introduce Biometric Encryption USB Flash Drive at ISC West17 March 2006
IDS Worldwide, Inc. (OTC: IDWD) today announcedthat IDS Homeland Security Divisions (HLS) leading biometric encryptiontechnology, the most advanced IT Security Product available in the worldcombining Biometric Technology and IDS HLS Division proprietary 384-BitEncryption Algorithm will be featured in a five page article in theSecurity World International Magazine March issue distributed in 75countries around the world. Published by the Info Media Group, the world'sleading provider of security information-essential intelligence to enhanceprofessional decision making and effectiveness.
HLS Biometric Encryption USB Flash Drive is the first of its kind to beintroduced to the market. Identity Theft and IT Security has become one ofthe leading problems in the business world costing consumers and businessesbillions of dollars each year. This is the 1st technology that onceinstalled provides end to end protection for online banking, brokeragehouses, insurance and medical communities. IDS researchers and engineershave spent over 6 years in research and development to perfect this productto finally provide both biometric and the highest level of encryptionavailable all in one plug-n-play solution. IDS is pleased that the HLSdivision has begun production of this product and will be able to bring itto the market this quarter at prices at or below USB Flash Drives that donot currently offer either biometric or encrypted security.
Highlighted Links IDS Worldwide, Inc.
IDS HLS division will release the 1st model of its Biometric Encryption USB1GB Flash Drive which will retail at an approximate price of $100.00. IDSwill showcase the product to banking and brokerages executives at itsheadquarters in Orlando on March 20, 2006 and begin taking orders at theISC West Security Convention in Las Vegas on April 5-7, 2006. HLS isprojecting 1st year sales of $75 Million.
IDS Worldwide, Inc. CEO Patrick Downs, stated, "IDS is pleased that theleading security publications around the world are already realizing thesignificance of IDS HLS Division's breakthrough technology of the mostsophisticated Biometric Encryption Algorithm in the world." The HLSDivision will begin shipping these Biometric USB Flash Drives with HLSproprietary 384-Bit Encryption to the banking, insurance, brokerage, andhealth industries (for HIPPA Compliance) in the current quarter. This willenable these industries for the 1st time to not only make their hardware,laptops, desktops and servers, hack-proof, but also all data transmittedacross the internet backbone will be protected by IDS HLS Divisionproprietary 384-Bit Encryption Algorithm the most advanced encryptionavailable today. Finally, online transactions such as banking and onlinebrokerages will be secure both at the client and banking mainframes and alldata transmission in between.
Identity Theft and IT Security breaches have become rampant in the UnitedStates. Estimated currently as a $11 Billion market and experiencing doubledigit growth each of the last three years. IDS HLS Division Biometric USBFlash Drive with 384 Encryption will provide the world's first plug andplay solution that makes both hardware and internet backbone datatransmission virtually hack proof. Even if a customer's laptop is stolenthe operating system could not be accessed without the authorized users"live beating fingerprint" and the embedded proprietary 384-Bit Algorithmin the biometric USB flash drive.
For further information: http://www.ids-worldwide.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaningof the Private Securities Litigation Reform Act of 1995. Statements in thisrelease that are forward-looking statements are based on currentexpectations 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 fromany future results, performance, or achievements expressed or implied bysuch forward-looking statements. Actual results could differ materiallybecause of factors such as the effect of general economic and marketconditions, entry into markets with vigorous competition, market acceptanceof new products and services, continued acceptance of existing products andservices, technological shifts, and delays in product development andrelated product release schedules, any of which may cause revenues andincome to fall short of anticipated levels. All information in this releaseis as of the date of this release. The company undertakes no duty to updateany forward-looking statement to conform the statement to actual results orchanges in the company's expectations.
Contact:IDS Worldwide, Inc., Orlandoinfo@ids-worldwide.com
SOURCE: IDS Worldwide, Inc.
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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