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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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VeriChip Corporation Adds 370 Physicians to VeriMed Physician Network at the Annual American Osteopathic Association (AOA) Conve

23/10/2006 3:00pm

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Applied Digital Solutions (NASDAQ:ADSX)
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VeriChip Corporation, a subsidiary of Applied Digital Solutions (NASDAQ:ADSX), announced today that it added 370 physicians to the VeriMed Physician Network at the American Osteopathic Association (AOA) Convention held from October 17-20th in Las Vegas. Including the 300 physicians that agreed to participate in the Network at the annual meeting of the American Academy of Family Physicians earlier this month, the total number of physicians participating in the network now exceeds 1,000. In addition, 53 physicians at the convention were implanted with a VeriMed microchip. “The VeriMed Network has clearly gained significant traction over the last 4-6 months,” said Kevin McLaughlin, CEO of VeriChip Corporation. “Since June 1st, 2006 we have added 143 hospitals/ER’s, and over 800 physicians have enrolled in the VeriMed Network, which we believe evidences an increasing awareness of the key role that the VeriMed microchip can play in emergency care situations. We will continue to target leading hospitals and physicians as we endeavor to establish VeriMed as a leading patient identification, record storage and retrieval system.” Recently, the Company announced that 67 healthcare facilities agreed to participate in the VeriMed Patient Identification System Network at the American College of Emergency Physicians (ACEP) Conference in New Orleans held from October 15-18. These healthcare facilities agreed to use the VeriMed reader as standard protocol to scan patients that arrive in emergency rooms unconscious, delirious or confused. That brings the total number of hospitals and healthcare facilities that have agreed to adopt the VeriMed System to 252. These hospitals and healthcare facilities are located in 31 states. About VeriChip Corporation VeriChip Corporation, a subsidiary of Applied Digital Solutions, Inc. (NASDAQ:ADSX), a leading provider of identification and security technology headquartered in Delray Beach, Florida, develops, markets and sells radio frequency identification, or RFID, systems used to identify, locate and protect people and assets. VeriChip's goal is to become the leading provider of RFID systems for people in the healthcare industry. VeriChip sells passive RFID systems for identification purposes and active RFID systems for local-area location and identification purposes. VeriChip recently began to market its VeriMed(TM) Patient Identification System, which is used to rapidly, and accurately identify people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip, the implantable VeriChip(TM), cleared for medical use in October 2004 by the United States Food and Drug Administration. About Applied Digital Solutions - "The Power of Identification Technology" Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. Applied Digital'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). About AAFP - American Academy of Family Physicians The American Academy of Family Physicians is the national association of family doctors. It is one of the largest national medical organizations, with more than 94,000 members in 50 states, D.C., Puerto Rico, the Virgin Islands, and Guam. The Academy was founded in 1947 to promote and maintain high quality standards for family doctors who are providing continuing comprehensive health care to the public. Statements about Applied Digital'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 Applied Digital'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. VeriChip Corporation, a subsidiary of Applied Digital Solutions (NASDAQ:ADSX), announced today that it added 370 physicians to the VeriMed Physician Network at the American Osteopathic Association (AOA) Convention held from October 17-20th in Las Vegas. Including the 300 physicians that agreed to participate in the Network at the annual meeting of the American Academy of Family Physicians earlier this month, the total number of physicians participating in the network now exceeds 1,000. In addition, 53 physicians at the convention were implanted with a VeriMed microchip. "The VeriMed Network has clearly gained significant traction over the last 4-6 months," said Kevin McLaughlin, CEO of VeriChip Corporation. "Since June 1st, 2006 we have added 143 hospitals/ER's, and over 800 physicians have enrolled in the VeriMed Network, which we believe evidences an increasing awareness of the key role that the VeriMed microchip can play in emergency care situations. We will continue to target leading hospitals and physicians as we endeavor to establish VeriMed as a leading patient identification, record storage and retrieval system." Recently, the Company announced that 67 healthcare facilities agreed to participate in the VeriMed Patient Identification System Network at the American College of Emergency Physicians (ACEP) Conference in New Orleans held from October 15-18. These healthcare facilities agreed to use the VeriMed reader as standard protocol to scan patients that arrive in emergency rooms unconscious, delirious or confused. That brings the total number of hospitals and healthcare facilities that have agreed to adopt the VeriMed System to 252. These hospitals and healthcare facilities are located in 31 states. About VeriChip Corporation VeriChip Corporation, a subsidiary of Applied Digital Solutions, Inc. (NASDAQ:ADSX), a leading provider of identification and security technology headquartered in Delray Beach, Florida, develops, markets and sells radio frequency identification, or RFID, systems used to identify, locate and protect people and assets. VeriChip's goal is to become the leading provider of RFID systems for people in the healthcare industry. VeriChip sells passive RFID systems for identification purposes and active RFID systems for local-area location and identification purposes. VeriChip recently began to market its VeriMed(TM) Patient Identification System, which is used to rapidly, and accurately identify people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip, the implantable VeriChip(TM), cleared for medical use in October 2004 by the United States Food and Drug Administration. About Applied Digital Solutions - "The Power of Identification Technology" Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. Applied Digital'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). About AAFP - American Academy of Family Physicians The American Academy of Family Physicians is the national association of family doctors. It is one of the largest national medical organizations, with more than 94,000 members in 50 states, D.C., Puerto Rico, the Virgin Islands, and Guam. The Academy was founded in 1947 to promote and maintain high quality standards for family doctors who are providing continuing comprehensive health care to the public. Statements about Applied Digital'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 Applied Digital'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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