General

Industrial Data Systems Corporation (IDSC) was incorporated in the State of Nevada in June 1994. The Company's Common Stock trades on the American Stock Exchange under the symbol "IDS." Prior to June 16, 1998, the Company's Common Stock was traded on the NASDAQ Electronic Bulletin Board under the symbol "IDDS."

The Company has never filed for protection under the bankruptcy protection act, nor has the Company or any of its assets been in receivership or any other similar proceedings.

The Company's revenue is derived from its wholly owned operating subsidiaries: IDS Engineering, Inc., Thermaire, Inc. dba Thermal Corp., and Constant...