Advanced ID Secures Distributor for $225 Million Livestock Market.Business Editors/High-Tech Writers LAS VEGAS--(BUSINESS WIRE)--Jan. 8, 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 signed Trace Australia Pty. Ltd. as its exclusive distributor for Australia. "We are committed to increasing our distribution channels for our RFID products and we feel very fortunate to have Trace Australia join our list of global distributors," stated 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 of Advanced ID Corporation. "Australia is a key country to channel the sale of our RFID products as they have recently stepped up their livestock identification systems to meet EU import requirements in the wake of the recent Mad Cow Disease mad cow disease: see prion. mad cow disease or bovine spongiform encephalopathy (BSE) Fatal neurodegenerative disease of cattle. Symptoms include behavioral changes (e.g. outbreak in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . This is especially critical for Australia who exports 70% of its beef products. Australia's two key livestock industries are comprised of approximately 28 million head of cattle and approximately 100 million sheep representing a potential market of over $225 million." Anthony Hurley, Director of Polymer Direct Australia Pty. Ltd., commented, "We believe Advanced ID's unique RFID technology is exactly what the livestock and inanimate inanimate /in·an·i·mate/ (-an´im-it) 1. without life. 2. lacking in animation. in·an·i·mate adj. identification markets are seeking. We also believe that the RFID identification industry will see tremendous growth and we have established our subsidiary, Trace Australia, to focus specifically on RFID applications in both the livestock and inanimate markets." 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. About Trace Australia Pty. Ltd. Trace Australia Pty. Ltd., a wholly owned subsidiary of Polymer Direct Australia Pty. Ltd. with annual revenues of $30 million, was established specifically to focus on the development of RFID applications in the livestock and inanimate markets. For more information, please visit the Company's website at www.polymerdirect.com.au. 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 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. 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