Advanced ID's Revenues Continue to Grow.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Nov. 18, 2003 Advanced ID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : AIDO AIDO Associazione Italiana Donatori Organi (Organ Donors Italian Association) ), a pioneer in the radio frequency identification See RFID. (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. ) market, today announced it has achieved record revenues of US$262,392 for the quarter ended September 30, 2003 and US$669,325 for the first nine months of fiscal 2003 ended September 30, 2003. This represents an increase of 64% and 52%, or US$102,158 and US$229,804, over revenues of US$160,234 and US$439,521 in the comparable quarter and comparable nine month period respectively of fiscal 2002. Barry Bennett Barry Bennett (December 10, 1955) was an American football defensive lineman who played eleven seasons in the National Football League for three different teams. Barry Bennett currently resides in Long Prairie Minnesota coaching and teaching High School Phy Ed. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "Our growth in revenues is attributed to an increasing market share, and the recognition and acceptance of RFID technology as the solution of choice for identification and trace back. We believe we will significantly grow our revenues with the commercialization of our RFID livestock and inanimate technology expected to commence in fiscal 2004." About Advanced ID Corporation Advanced ID Corporation, through its 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. , is a pioneer in the radio frequency identification (RFID) market. RFID allows for the positive identification and location tracking of animals or objects that have been identified with a microchip. The Company currently markets RFID microchips, scanners, and its proprietary PETtrac database to the companion animal market, as well as for tracking of animals in the wild, including endangered species endangered species, any plant or animal species whose ability to survive and reproduce has been jeopardized by human activities. In 1999 the U.S. government, in accordance with the U.S. . Through organic growth and acquisition, Advanced ID Corporation is positioned to enter and considerably impact several significant new markets. For more information, please visit the Company's website at www.advancedidcorp.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements. Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements". Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward-looking statements. |
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