Applied Digital Solutions (NASDAQ:ADSX)
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Digital Angel to Present at the 2nd Annual Rodman and Renshaw
Techvest Security and Connectivity Conference in New York City
SO. ST. PAUL, Minn., June 9 /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 today announced that it will present at the Rodman and
Renshaw Techvest Security and Connectivity Conference at The St. Regis Hotel
located at 2 East 55th street in New York City.
Kevin McGrath, President and CEO of Digital Angel, is scheduled to speak on
Wednesday, June 15th, 2005 in the Louis XVI room at 10:30 AM EDT.
Rodman & Renshaw, LLC is a privately-held, full-service investment bank
committed to fostering the long-term success of emerging growth companies
through capital raising, strategic advice, insightful research, and the
development of institutional support. Rodman employs dedicated, experienced,
and talented professionals within its equity research, corporate finance, and
sales & trading divisions.
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 pets, fish, livestock, and
humans 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 a majority-owned subsidiary of
Applied Digital (NASDAQ:ADSX).
For more information about Digital Angel, visit the company's website at
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 the Company's majority stockholder, Applied Digital
Solutions, Inc. owns 55.2% of the Company's common stock; that new accounting
pronouncements may impact the Company's future results of operation; that the
Company may continue to incur losses, that infringements by third parties on
the Company's intellectual property or development of substantially equivalent
proprietary technology by the Company's competitors could negatively affect the
Company's business; that domestic and foreign government regulation and other
factors could impair the Company's ability to develop and sell the Company's
products in certain markets; that the Company relies on sales to government
contractors of its animal identification products, and any decline in the
demand by these customers for the Company's products could negatively affect
the Company's business; that the Company depends on a single production
arrangement for its patented syringe-injectable microchips; that the Company
depends on principal customers; that the Company competes with other companies
and the products sold by the Company's competitors could become more popular
than the Company's products or render the Company's products as obsolete; that
the Company's earnings will decline if the Company must write-off goodwill and
other intangible assets; that the exercise of options and warrants outstanding
and available for issuance may adversely affect the market price of the
Company's common stock ;that currency exchange rate fluctuations could have an
adverse effect on the Company's sales and financial results; and that the
Company depends on a small team of senior management and the Company may have
difficulty attracting and retaining additional personnel. 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, 2004. 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
Michael Lucarelli (investors) Brian Kennedy (media)
212-691-8087 212-691-8087
DATASOURCE: Digital Angel Corporation
CONTACT: investors, Michael Lucarelli, , or
media, Brian Kennedy, , both of Allen & Caron Inc,
+1-212-691-8087, for Digital Angel Corporation
Web site: http://www.digitalangelcorp.com/