Applied Digital Expands Telecom and Security Services Opportunities with Federal Government.DELRAY BEACH Delray Beach, resort city (1990 pop. 47,181), Palm Beach co., SE Fla., on the Atlantic coast; settled 1895, inc. 1911. Mostly residential, Delray Beach is also the trade center for a citrus-fruit and vegetable-growing region. , Fla. -- Modification to Federal Supply Schedule 70 Contract expands services that Applied's subsidiary, Government Telecommunications, Inc., may provide to Federal Government Applied Digital (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), a provider of Security Through Innovation(TM), today announced that 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. , 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 ), has been awarded a contract modification from the Federal Supply Service of the 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. to add 11 categories of professional services to the information technology equipment, services and software already on the contract. The added services include program management, engineering, and network design, installation and management. These services may be provided at locations worldwide, an expansion in scope beyond GTI's other current contracts. GTI has been providing services to the Federal Government for many years. These services have included designing, deploying and maintaining voice, data and video telecommunications networks for agencies of the federal government. Some of the governmental entities include the US Postal Service, the Departments of Defense, Justice and Agriculture, and the Social Security Administration. In order to provide these services, GTI must be listed on Schedule 70. "This modification should significantly expand the number of opportunities that GTI will have with the Federal Government," Scott R. Silverman, 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. of Applied Digital noted. "Government/military customers currently provide more than 50 percent of Applied Digital's overall revenue, and allows us to invest in promising technologies such as VeriChip(TM). This modification will enable our team to pursue a greater scope of opportunities in the secure telecommunications and information technology arena." About Applied Digital Applied Digital develops innovative security products for consumer, commercial, and government sectors worldwide. Our unique and often proprietary products provide security 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 of Security Through Innovation. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX AMEX See: American Stock Exchange :DOC - News). For more information, visit the company's website at http://www.adsx.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. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion