Applied Digital Retains Raymond James Financial Corporation as Its Financial Advisor.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 provider of Security Through Innovation(TM), announced today that it has retained Raymond James Financial (NYSE NYSE See: New York Stock Exchange : RJF) as its financial advisor. In this role, Raymond James will assist the Company in a strategic analysis and evaluation process in order to maximize the value of the Company and its major assets. Raymond James' analysis will include alternatives to maximize the shareholder value of VeriChip Corporation for the benefit of Applied Digital shareholders. VeriChip Corporation, a 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. of Applied Digital, is the only company to provide both implanted and external RFID security solutions for people, their assets and their environments. "During the past two years, we have worked very hard to strengthen our balance sheet and improve operations," said Scott R. Silverman, Applied Digital'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. . "By retaining a firm of Raymond James' caliber, we now move to the next level and look for further ways to maximize shareholder value through a strategic analysis of our Company and its major assets. With the recent FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance and acquisition of eXI Wireless, clearly the evaluation of VeriChip Corporation is a top priority in this process." About Applied Digital Applied Digital develops innovative security products for consumer, commercial, and government sectors worldwide. The Company's 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 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). 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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