``Protected by VeriChip'' Awareness Campaign Continues; VeriChip to Exhibit At Airport Security Expo in Las Vegas, July 17-18.Business Editors, High Tech Writers Company will unveil VeriPass(TM) and VeriTag(TM) airport and port security applications Applied Digital Solutions, Inc. (Nasdaq: ADSXE), an advanced technology development company, today announced that its "Protected by VeriChip(TM)" awareness campaign will travel to Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada, to participate in the Airport Security Expo, July 17-18, 2002. Applied Digital Solutions will join a wide range of leading security companies at the Expo. Representatives from various Federal security agencies are expected to attend, along with airport planners, airport security directors, baggage-handling directors, passenger operations directors, port congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. managers and airport and port management firms. At the Airport Security Expo, VeriChip Corporation VeriChip Corporation, a wholly owned subsidiary of Applied Digital (Nasdaq: ADSX), markets a line of Radio Frequency Identification (RFID) Devices (including VeriChip) used in security, financial, emergency identification, and other applications. will display, for the first time, VeriPass(TM) and VeriTag(TM). These new applications will allow airport and port security personnel to link a VeriChip subscriber to his or her luggage (both during check-in and on the airplane), flight manifest Flight manifest is a list of passengers and crew of an aircraft compiled before departure based on flight check-in information. logs and airline or law enforcement software databases. Commenting on VeriChip's participation in the Airport Security Expo, Scott R. Silverman, President of Applied Digital Solutions, said: "We're proud to bring the 'Protected by VeriChip' awareness campaign to the Airport Security Expo. VeriChip has a vital role to play in airport and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States . VeriChip can assist in assuring the public that only authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: personnel gain access to certain sensitive areas of airports and even the cockpits of airplanes. Since VeriChip's personal verification technology can't be lost, stolen, tampered with, misplaced mis·place tr.v. mis·placed, mis·plac·ing, mis·plac·es 1. a. To put into a wrong place: misplace punctuation in a sentence. b. or counterfeited, its secure personal verification system should be incorporated into our national airport security initiatives. Participating at this Expo will give security decision-makers the opportunity to learn first-hand about VeriChip's capabilities." Silverman continued: "We have been exploring the use of special airport-VeriChip portal scanners to link a VeriChip subscriber to his or her luggage, flight manifest logs and selected databases. By participating in the Expo, we are educating decision-makers on a means to improve assurances that an individual truly is who he or she claims to be, that checked luggage in a cargo hold is `connected' to a specific passenger, and that the passenger is not a fugitive, on a terrorist watch-list, or otherwise being sought by authorities. We will demonstrate how VeriPass also could conceivably accelerate the check-in and security process for frequent travelers. Under this program, VeriChip subscribers and registered VeriPass travelers could 'pass' through a special airport-VeriChip portal scanner and avoid long lines In communications, circuits that are capable of handling transmissions over long distances. . Obviously, airport and airline personnel could take advantage of this technology as well. Although VeriPass and VeriTag are only in the early development stage, we look forward to presenting these important applications at the Expo and to receiving feedback and exploring potential partnering opportunities from government and industry leaders who are expected to attend." For more information about the Airport Security Expo, please visit http://www.worldwidesources.com . About VeriChip(TM) VeriChip, first announced on December 19, 2001, is a miniaturized radio frequency identification See RFID. device (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) that can be used in a variety of security, emergency and healthcare applications. About the size of a grain of rice, each VeriChip product contains a unique verification number and will be available in several formats, some of which will be insertable under the skin. The verification number is captured by briefly passing a proprietary scanner over the VeriChip. A small amount of radio frequency energy passes from the scanner energizing energizing, adj giving energy to; revitalizing; rejuvenating. the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. VeriChip Corporation and its parent company, Applied Digital Solutions, are working with federal regulators to ensure full compliance with applicable regulations. The company believes its first-mover advantage First-mover advantage is the advantage gained by the initial occupant of a market segment. This advantage may stem from the fact that the first entrant can gain control of resources that followers may not be able to match. will enable it to gain significant market share in the emergency information and personal verification market. In the security field, the company is actively developing applications for VeriChip in a variety of security, defense, homeland security and secure-access applications. These opportunities include using VeriChip to control authorized access to government installations and private-sector buildings, nuclear power plants, national research laboratories, correctional facilities, and sensitive transportation resources. VeriChip can enhance airport security, airline security, cruise ship security, intelligent transportation and port congestion management. In these markets, VeriChip could function as a stand-alone, tamper-proof personal verification technology or it could operate in conjunction with other security technologies such as standard ID badges and advanced biometric devices biometric device - biometrics (i.e. retina scanners, thumbprint readers or face recognition devices). The concept of using VeriChip as a means for secure access could also be extended to include a range of consumer products such as PCs, laptops, cars, cell phones, and even homes and apartments. VeriChip Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Applied Digital Solutions. About Applied Digital Solutions, Inc. Applied Digital Solutions (Nasdaq: ADSXE) is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Technology Group, the company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions is the beneficial owner Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial of a majority position in Digital Angel Corporation (Amex: DOC). For more information, visit the company's website at http://www.adsx.com. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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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