Advanced ID's Revenues Grow by 48%.Business Editors LAS VEGAS--(BUSINESS WIRE)--March 23, 2004 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$962,988 for the year ended December 31, 2003. This represents an increase of 48% or US$313,155 over revenues of US$649,833 during fiscal 2002. Barry Bennett, 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, "The revenues from our companion animal and biological sciences identification division has grown in each year over the last seven years. We are continuing our efforts to significantly expand these revenues through the commercialization of our RFID livestock and inanimate technology. The impact of food safety and biosecurity issues related to global disease outbreaks and bio-terrorism continues to elevate the need for identification and trace-back systems around the world. Our hard work with our partners in Germany, China, Australia, Taiwan and Argentina to commercialize our new RFID technology is beginning to pay-off and we expect sales to commence in the near term." About Advanced ID Corporation Advanced ID Corporation (AID), 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 tracking of animals or objects that have been tagged with a microchip. AID currently markets RFID microchips, scanners, and its proprietary PETtrac database to the companion animal and biological sciences markets. AID has recently developed an RFID technology solution to minimize or eliminate the impact of biosecurity and food safety issues related to the livestock industry. 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: 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. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements. |
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