Applied Cellular Technology to Change Corporate Name to Applied Digital Solutions.PALM BEACH, FL--(BUSINESS WIRE)--June 22, 1999-- New NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Trading Symbol Trading symbol See: Ticker symbol : ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) Changes Will be Effective July 1, 1999 Applied Cellular Technology, Inc. (NASDAQ/NMS:ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) today announced that as of July 1, 1999 its new corporate name will be Applied Digital Solutions and its new NASDAQ stock trading symbol will be ADSX. The corporate name change was approved by the Company's stockholders at its June 5 Annual Meeting. Applied Cellular's Chairman 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. , Richard J. Sullivan, stated, "Applied Digital Solutions is a more appropriate name for our company as it is indicative of our expanding role in the communications industry. We are focused on offering our customers integrated communications packages that exploit the power and speed of digital technology." Applied Cellular Technology is a full service communications company that provides integrated products and services to a wide variety of businesses throughout North America. The Company is comprised of five business divisions which work together to meet the growing communication needs of its clients. For more information visit the Company's web site at http://www.appliedcell.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' 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. The Company intends that 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. |
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