Applied Digital Solutions (NASDAQ:ADSX)
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InfoTech USA, Inc. (OTCBB: IFTH), a majority-owned
subsidiary of Applied Digital (NASDAQ: ADSX), announced today that
President and Chief Executive Officer Jonathan F. McKeage has filed a
Form 4 with the Securities and Exchange Commission reflecting his
recent purchase of 20,000 shares of InfoTech common stock, in the open
market and at prices ranging from $0.39 to $0.48 per share.
About InfoTech USA
InfoTech USA, Inc., a majority-owned subsidiary of Applied
Digital, is a 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 technology. Applied Digital is the owner of a majority
position in Digital Angel Corporation (AMEX:DOC) and in InfoTech USA,
Inc.
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.