Digital Angel Reschedules Third Quarter 2006 Earnings Results to November 9th

Company to Provide Preliminary Update to Shareholders of Special Committee Analysis 


SO. ST. PAUL, Minn., Nov. 3  /PRNewswire-FirstCall/ -- Digital Angel Corporation (AMEX:DOC), an advanced technology company in the field of rapid and accurate identification, location tracking, and condition monitoring of high-value assets, announced today that it has rescheduled the release of its third quarter 2006 earnings and investor call from Monday, November 6th to Thursday, November 9th.  Earnings will be released at 7:35 am EST.  That same day at 11:00 am EST, management will host a conference call, which will be broadcast live over the Internet.

The company said the reason for moving the earnings announcement and call was to allow for management to update shareholders as to the preliminary Strategic Alternative Analysis overseen by the Company's Special Committee of its Board of Directors, which includes all independent directors.  The company expects to announce these findings on or before Thursday, November 9th, 2006.

In August, the Special Committee was charged with reviewing strategic alternatives and pursuing any option it deems most advantageous for Digital Angel.  Among the alternatives being considered are improvements to the Company's capital structure and methods to improve growth opportunities and enhance shareholder value.

Those interested in listening to the live webcast may do so by going to the Company's website at http://www.digitalangelcorp.com/ or http://www.vcall.com/.  Web participants are encouraged to go to either website at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software.  The online archive will be available shortly after the conclusion of the call and continue for seven days.

About Digital Angel Corporation

Digital Angel Corporation develops and deploys sensor and communications technologies that enable rapid and accurate identification, location tracking, and condition monitoring of high-value assets.  Applications for the Company's products include identification and monitoring of humans, pets, fish, poultry and livestock through its patented implantable microchips; location tracking and message monitoring of vehicles and aircraft in remote locations through systems that integrate GPS and geosynchronous satellite communications; and monitoring of asset conditions such as temperature and movement, through advanced miniature sensors.

Digital Angel Corporation is majority-owned by Applied Digital Inc. (NASDAQ:ADSX).  For more information about Digital Angel, please visit http://www.digitalangelcorp.com/.

The statements in this press release that are not strictly historical, are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbors created by these sections. The forward-looking statements are subject to risks and uncertainties and the actual results that the Company achieves may differ materially from these forward-looking statements due to such risks and uncertainties, including, but not limited to, that Applied Digital Inc. owns 55.4% of the Company's common stock, that new accounting pronouncements regarding expensing of share based compensation may impact the Company's future results of operations, the Company may continue to incur net losses, infringement by third parties on the Company's intellectual property or development of substantially equivalent proprietary technology by the Company's competitors could negatively impact the Company's business, domestic and foreign government regulation and other factors could impair the Company's ability to develop and sell its  products in certain markets, the Company relies on sales to government contractors for its animal identification and search and rescue beacon products, and any decline in the demand by these customers for such products could negatively affect the Company's business, the Company depends on a single production arrangement for its patented syringe-injectable microchips, and the loss of or any significant reduction in the production could have an adverse effect on the Company's business, technological change could cause the Company's products to become obsolete, the loss of one of the Company's principal customers could negatively impact the Company's net revenue, the Company's earnings will decline if the Company writes off goodwill and other intangible assets, options and warrants outstanding and available for issuance may adversely affect the market price of the Company's common stock, currency exchange rate fluctuations could have an adverse effect on the Company's sales and financial results, the Company depends on a small team of senior management.  A detailed statement of risks and uncertainties is contained in the Company's reports to the Securities and Exchange Commission, including in particular the Company's Form 10-K for the fiscal year ended December 31, 2005.  Investors and stockholders are urged to read this document carefully. The Company can offer no assurances that any projections, assumptions or forecasts made or discussed in this release will be met, and investors should understand the risks of investing solely due to such projections.  The Company undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

  Contact:  Allen & Caron Inc                      Sloane & Company
            Michael Lucarelli (investors)          Tracey Belko (media)
            [phone]                         [phone]
                         

DATASOURCE: Digital Angel Corporation



CONTACT:  Investors, Michael Lucarelli of Allen & Caron Inc,

[phone], , for Digital Angel Corporation; or

Media, Tracey Belko of Sloane & Company, [phone], ,

for Digital Angel Corporation



Web site:  http://www.vcall.com/ 

Web site:  http://www.digitalangelcorp.com/ 

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