Applied Digital Solutions' Government Telecommunications Unit Wins $15 Million U.S. Postal Service Contract.Business Editors/High-Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--July 9, 2003 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 Will Upgrade Telecommunications Networks at up to 62 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. Facilities Applied Digital Solutions, Inc. (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), an advanced technology development company, 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), has been awarded a contract valued at approximately $15 million from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Postal Service (USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. ) to upgrade telecommunications networks at up to 62 Postal Service facilities. Under the award, GTI will conduct site surveys, and design, install and test network cabling at up to 62 mail processing plants and 12 co-located administrative facilities within the United States. Included are state-of-the-art high speed copper cabling, fiber optic backbones, and ties to the existing telecommunications network. Despite unique features and requirements at each local site, the contract requires careful planning and adherence to USPS building design standards to assure consistency and uniformity of products and configurations at all facilities. GTI's work on this project is scheduled to be completed by May 2004. This is the third telecommunications award announced by GTI this year. In March, GTI was awarded an unrelated multi-year contract by the General Services Administration's Federal Technology Service (FTS FTS facteur thymique sérique. ) as part of the agency's CONNECTIONS program. In May, GTI announced a multi-year award from the US Department of Agriculture. About Government Telecommunications (GTI) GTI, a subsidiary of Computer Equity, Inc. (Compec), is headquartered in Chantilly, Virginia. With an annual revenue base that exceeds $30 million, GTI specializes in designing, deploying and maintaining voice, data and video telecommunications networks for agencies of the federal government. Key customers include the Departments of Defense, Justice and Agriculture, and the Social Security Administration. 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 (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. |
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