Applied Digital Solutions (NASDAQ:ADSX)
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The Board of Directors of InfoTech USA, Inc.
(OTCBB:IFTH), a majority-owned subsidiary of Applied Digital (NASDAQ:
ADSX), a leading provider of identification and security technology,
announced today that Scott R. Silverman has been appointed Chairman of
InfoTech.
Mr. Silverman replaces Kevin McLaughlin, who resigned as Chairman
of InfoTech effective January 3, 2006, due to the time commitments of
his position as Chief Executive Officer of VeriChip Corporation, also
a subsidiary of Applied Digital. Mr. Silverman also holds the
positions of Chairman, Chief Executive Officer and Acting President of
Applied Digital.
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 technology. Applied Digital is 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 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.