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ADSX Applied Digital Solutions (MM)

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Share Name Share Symbol Market Type
Applied Digital Solutions (MM) NASDAQ:ADSX NASDAQ Common Stock
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Digital Angel's CEO Scheduled to Appear on CNBC to Discuss Company's Technology Applications in Areas of Mad Cow and Avian Flu

14/03/2006 4:41pm

Business Wire


Applied Digital Solutions (NASDAQ:ADSX)
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In Wednesday Morning Interview, Executive to Outline Potential for Company's BioThermo (Temperature Sensing) Microchip in Detecting Avian Flu 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 Kevin N. McGrath, its Chief Executive Officer, is scheduled to appear on CNBC's Squawk Box on Wednesday, March 15th to discuss the role that the Company's RFID technology could play in the livestock tags/national ID program and the BioThermo (Temperature Sensing) microchip's utility in early detection of elevated temperatures in poultry. Elevated temperatures in poultry could provide early indications that the animal is infected with the H5N1 influenza, more commonly known as the Avian Flu. The show airs on the national cable channel from 6 a.m. to 9 a.m. eastern time. Mr. McGrath is currently scheduled to appear during the 6 a.m. to 7 a.m. time period. 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 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, Applied Digital Solutions, Inc. owns 55.4% of the Company's common stock, 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 assts, 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.

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