Applied Digital's Government Telecommunications, Inc. (GTI) Subsidiary Completes Installation of $2.5 Million Project for Defense Department Logistics Agency.DELRAY BEACH, Fla. -- Applied Digital (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 : ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), a leading provider of identification and security technology, announced today that its wholly-owned subsidiary Government Telecommunications, Inc. (GTI) has completed an installation of Nortel-based telecommunications technology at the Defense Supply Center Richmond (DSCR DSCR See: Debt-service coverage ratio ). The installation consists of a Meridian Option 81c with Call Center, Interactive Voice (IVR) and Voice-over-Internet Protocol (VoIP) capabilities. The Company expects to recognize approximately $2.5 million in revenue from this project. About Defense Supply Center Richmond (DSCR) DSCR serves as the aviation supply chain manager for the Defense Logistics Agency Noun 1. Defense Logistics Agency - a logistics combat support agency in the Department of Defense; provides worldwide support for military missions Defense Department, Department of Defense, DoD, United States Department of Defense, Defense - the federal department and serves within the Department of Defense as the primary source of supply for more than 1.25 million repair parts and operating supply items. DSCR's mission is to provide best value aviation weapon systems and environmental logistics support to America's armed forces--on land, at sea and in the air. DSCR's primary customers are the Army, Air Force, Navy and Marines. The center also supports other government agencies, such as the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. , National Aeronautics and Space Administration National Aeronautics and Space Administration (NASA), civilian agency of the U.S. federal government with the mission of conducting research and developing operational programs in the areas of space exploration, artificial satellites (see satellite, artificial), , U.S. Forestry Service and Department of Transportation. About Government Telecommunications, Inc. (GTI) GTI, a subsidiary of Computer Equity, Inc., a wholly-owned subsidiary of Applied Digital, is headquartered in Chantilly, VA. GTI specializes in designing, deploying and maintaining voice, data and telecommunications networks for agencies of the federal government. Key customers include the Departments of Defense, Justice and Agriculture, and the Social Security Administration. For more information on GTI, please visit www.govtel.com. About Applied Digital - "The Power of Identification Technology" Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are 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. applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification technology. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX AMEX See: American Stock Exchange :DOC). 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. 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. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. |
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