Applied Digital's Government Telecommunications, Inc. Subsidiary Awarded U.S. General Services Administration Networx Transition Support Services Task Order.Three Awardees to Split Contract with Total Value of $22 Million 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 GTI Gas Technology Institute GTI Global Taxonomy Initiative GTI Good Time Interval GTI Guelph Turfgrass Institute GTI Green Theme International GTI Gordon Training International GTI Georgia Transportation Institute GTI Group Travel Insurance ) was awarded a Networx Transition Support Services Task Order for the U.S. General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. ) under its current GSA Connections Contract. The Task Order is for a one-year period, with a one-year option and two six-month options for renewal. GTI was one of three awardees for the Task Order and will provide the required technical support and assistance to GSA in advance of Networx Universal and Networx Enterprise contract awards. The three-year contract has a total value of $22 million for the three awardees. Technical support will include the development of standardized process and procedures required to assist federal government agencies in their transition efforts moving from the GSA FTS FTS facteur thymique sérique. 2001 contract to one of the new GSA Networx contracts. Services include strategic and transition planning, agency customer assistance, cutover guidelines, Web site development, tracking and status reporting on government-wide transition efforts. Rich Patton, President of GTI, commented, "We are extremely pleased to be selected to support GSA in this critical task order. GTI will leverage our existing strengths and experience in network cutovers to assist in making service migration transparent to the various agencies." 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 majority positions in Digital Angel Corporation (AMEX AMEX See: American Stock Exchange : DOC) and VeriChip Corporation (NASDAQ: CHIP). 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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