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ADSX Applied Digital Solutions (MM)

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Applied Digital Solutions (MM) NASDAQ:ADSX NASDAQ Common Stock
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InfoTech USA Announces Partnership with SLPowers in Managed Services; Partnership Leverages Growing Industry Trend towards Mana

27/07/2006 2:00pm

Business Wire


Applied Digital Solutions (NASDAQ:ADSX)
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InfoTech USA, Inc. (OTC BB: IFTH), a majority-owned subsidiary of Applied Digital (NASDAQ: ADSX), announced today that it has entered into a partnership with West Palm Beach, FL-based SLPowers to deliver managed services solutions to its core market area in Northern New Jersey and Metropolitan New York City and beyond. Pursuant to the agreement, InfoTech will be able to resell SL Powers's Guaranteed Networks(R) solution, a customizable suite of integrated services designed to support and maintain a company's computer network systems for a set monthly fee. Commenting on the partnership, InfoTech President and CEO Jay McKeage noted, "The partnership with SLPowers is a key element of the restructuring program we are implementing at InfoTech. By entering the dynamic and complex Managed Services field with an experienced partner like SLPowers, we are moving ahead with our plan to increase higher-margin, recurring service revenues, while maintaining our base business of product sales. Following our recent workforce reduction, we are now making the necessary changes to our business model to move InfoTech towards growth and profitability, and towards an enhanced ability to differentiate ourselves competitively in this rapidly-changing technology environment." SLPowers President Rory Sanchez added, "We are very excited about the partnership with InfoTech, and the opportunity to extend the market reach of Guaranteed Networks to their core market area and nationwide. By leveraging the strengths of both companies in what has become a complicated industry, we expect this to be a mutually beneficial expansion strategy that will allow us to quickly deliver our solution and gain market share in new geographies." About SLPowers Based in West Palm Beach, FL, SLPowers is one of South Florida's largest computer and network management companies, serving the region for over 18 years. Since day one, SLPowers's goal has been to relieve businesses of the headaches associated with managing technology. As a pioneer in the field of Managed Services, SLPowers created Guaranteed Networks(R) (GN), a comprehensive service agreement product that has gained national recognition. GN agreements cover virtually all device connectivity, desktop support, and ISP troubleshooting issues. At SLPowers, technical support isn't just about responding to emergencies. Guaranteed Networks(R) plans are designed to optimize networks and prevent problems before they occur. Please visit www.slpowers.com for more information. About InfoTech USA InfoTech USA, Inc., a majority-owned subsidiary of Applied Digital, is a 20 year-old provider of information technology solutions, including consulting, networking, procurement, deployment, integration, migration and security services and solutions. The company also provides on-going system and network maintenance services. For more information, please visit www.InfoTechUSA.com. About Applied Digital - "The Power of Identification Technology" Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification and security technology. Applied Digital is also the owner of a majority position in Digital Angel Corporation (AMEX: DOC). Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

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