Advanced ID Corporation and Natural Fields Announce Joint Marketing Agreement for Argentina.Business Editors LAS VEGAS--(BUSINESS WIRE)--Nov. 13, 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 that it has executed a joint marketing agreement with Natural Fields S.A. Natural Fields S.A. has agreed to distribute Advanced ID RFID products in Argentina. Formal distribution agreements are expected to be executed by both parties in December in Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Argentina. Natural Fields S.A. is an affiliate of one of the largest distributors of cattle feed and veterinary products in Argentina. Argentina is one of the largest exporters of cattle to Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . As in many other countries, livestock identification has become a necessity to ensure positive trace back from birth to harvest. Eva Englehardt, President of Natural Fields S.A. commented, "We have been searching for an effective solution for several months as the products currently available have not been reliable and do not have read/write capability. In addition, we have found the reading distance of Advanced ID's tags and scanners to be well above any other identification tags. Our needs are immediate as we have experienced a recent outbreak of foot and mouth disease a contagious disease See also: Foot that could decimate dec·i·mate tr.v. dec·i·mat·ed, dec·i·mat·ing, dec·i·mates 1. To destroy or kill a large part of (a group). 2. Usage Problem a. our export markets if a solution is not implemented quickly." Natural Fields and Advanced ID will commence testing in early December. Upon satisfactory test results, initial requirements for Argentina cattle are expected to be approximately one to two million RFID tags for the first year. Natural Fields is a major distributor throughout South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and has requested the distribution rights for Brazil, Paraguay and Uruguay who have also acknowledged their desire to implement a livestock identification system. Natural Fields has indicated their intent to conduct testing in Paraguay, Brazil and Uruguay with initial requirements estimated to be approximately 700,000 tags for the first year. Natural Fields will also be testing Advanced ID's container tags for the purpose of implementing a tracking system for agricultural storage containers used to transport fruit and vegetables. Initial estimates require approximately 1,000,000 identification tags plus scanners for this program. Mrs. Englehardt stated, "Advanced ID's tag is perfect for this application which is expected to minimize or eliminate our errors and losses resulting from our current, manual system." 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. of Advanced ID, stated, "We are very pleased to be working with Natural Fields, and to have access to their considerable distribution channels which exist not only in Argentina, but throughout the rest of South America." 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. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion