Applied Digital Solutions' CEO Ushers in 'New Era' in CEOcast Interview.Business Editors PALM BEACH, Fla.--(BUSINESS WIRE)--April 5, 2004 Solid Balance Sheet and Improved Capital Structure Through Reverse Stock Split Support Growth Initiatives at Digital Angel and VeriChip Subsidiaries Applied Digital Solutions (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 : ADSXD), an advanced technology company, announced that its Chairman and Chief Executive Officer Scott R. Silverman is currently featured in an interview conducted today with CEOcast, Inc. The interview is available at www.ceocast.com. "This is a significant day for the Company and its investors as the reverse stock split and resulting improvement to our capital structure complete the transition from a company that faced serious challenges to its viability to one that now has the resources and technology to address the significant opportunities at our VeriChip, Government Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. andDigital Angel (AMEX AMEX See: American Stock Exchange : DOC) subsidiaries," said Mr. Silverman. "The Management team is excited about the Company's prospects, as reflected by recent stock purchases by insiders and recent announcements on applications for our 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. technologies." About Applied Digital Solutions, Inc. Applied Digital Solutions is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Technology Group, the company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions is the beneficial owner Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial of a majority position in Digital Angel Corporation (DOC, Trade). 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . |
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