Applied Digital Solutions' Wholly Owned Subsidiary Digital Angel Corporation Completes Acquisition of 16.6% Interest in Medical Advisory Systems, Inc.Business Editors/Health & Medical Writers PALM BEACH, Fla. & OWINGS, Md.--(BW HealthWire)--Feb. 27, 2001 Applied Digital Solutions, Inc. (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) ) and Medical Advisory Systems (AMEX AMEX See: American Stock Exchange : DOC) today announced the completion of Applied Digital Solutions, Inc.'s purchase through 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. Digital Angel Corporation of a 16.6% interest in Medical Advisory Systems, Inc. ("MAS") from members of senior management of MAS. In conjunction with the transaction, MAS has expanded the number of members to the Board of Directors from five to seven. Robert Crabb has resigned from the board and new members Mercedes Walton, President and COO of Applied Digital Solutions, Inc., David A. Loppert, 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 SysComm International Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: SYCM), Dr. Richard Seelig and Dr. Paul Sandberg have been named. Through this transaction with MAS, Digital Angel will have access to a secure, FDA-compliant ASP facility for management of sensitive data and a 24/7 physician-staffed medical call center for use by Digital Angel customers and end-patients. In addition to location and bio-monitoring, Digital Angel will now be able to offer subscribers to the Digital Angel Delivery System the ability to have their medical needs and emergencies monitored and treated by a physician 24 hours a day, 7 days a week, 365 days per year from anywhere in the world. MAS will not only act as the backbone to ensure Digital Angel's customers receive the highest level of service possible, but will also provide marketing expertise to MAS' extensive international customer base. Digital Angel was recently named "Best in Show, Client Services" at Internet World Wireless Show 2001 out of a field of 170 international exhibitors. MAS joined Digital Angel at the show and received an overwhelming response from attendees, who were impressed by the availability of a 24/7 physician call-center as a level of service available to Digital Angel Delivery System subscribers through MAS. Mercedes Walton, President and COO of Applied Digital Solutions, stated: "The completion of this transaction allows us to further our strategy to define the Digital Angel `product' as a combination of device and service. MAS creates another layer of premium services available to Digital Angel Delivery Service subscribers, adding significantly to our first-mover advantage First-mover advantage is the advantage gained by the initial occupant of a market segment. This advantage may stem from the fact that the first entrant can gain control of resources that followers may not be able to match. . We were very excited to have MAS join us at the Internet World Wireless show and were very impressed with the response that MAS received." Ron Pickett, Chairman and President of MAS, commented: "We are very pleased to have completed this transaction. Our reception at the Internet World Wireless Show indicates that potential subscribers to the Digital Angel Delivery System recognize the value that we bring to this already remarkable product. This transaction is mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" to MAS and Digital Angel and will help to solidify our growing presence in the market place." About Digital Angel In December of 1999, Applied Digital Solutions announced that it had acquired the patent rights to a miniature digital transceiver (TRANSmitter reCEIVER) An electronic device or circuit that transmits and receives analog or digital signals. It comes in many forms; for example, a transponder on a satellite, a network adapter in the computer or the circuits in a cellphone. -- which it has named Digital Angel. Digital Angel represents the first-ever operational combination of advanced sensor technology and Web-enabled wireless telecommunications linked Uplink For other uses, see Uplink (computer game) and . An uplink (UL or U/L) is the portion of a communications link used for the transmission of signals from an Earth terminal to a satellite or to an airborne platform. An uplink is the inverse of a downlink. to GPS systems. The company believes this technology will enable it to tap into a multi-billion dollar marketplace with a number of applications that will prove to be extremely popular. Potential applications include: medical and location monitoring for at-risk patients; emergency location of lost or missing children; finding lost or missing household pets; managing livestock and other farm-related animals; pinpointing the location of valuable stolen property; and managing the commodity supply chain. Digital Angel data is transmitted wirelessly, on a real time basis, to an Internet-integrated ground station and made available on a Web-enabled desktop, laptop or wireless device. A new Digital Angel wristband wristband An identifying bracelet attached to a Pt's wrist at the time of admission to a health care facility, which may be the only identifier used during a person's stay in a hospital device was unveiled at Cyberposium at Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. on February 10, 2001 and at Internet World Wireless 2001, February 20-23, 2001, where it took the honor of Best in Show, Client Services. For more information about Digital Angel, visit www.digitalangel.net . About Medical Advisory Systems Medical Advisory Systems, Inc. is a telemedicine pioneer that has operated a 24/7, physician-staffed call center in Owings, MD for almost 20 years. Through a worldwide telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. , MAS provides health care to ships-at-sea and other remote locations, one-on-one "chats" with a physician via the Internet or telephone, as well as medical assistance and non-medical services for international travel industry. MAS owns a 12% stake in Paris-based CORIS Group, which provides it with the ability to offer its services (including travel assistance and insurance) worldwide. As Application Service Provider (ASP) for eResearchTechnology, Inc. ( www.ert.com ), a subsidiary of PRWW, Ltd. (NASDAQ: PRWW), MAS will deploy and support a post market safety surveillance service marketed to the pharmaceutical, medical device and biotechnology industries. For additional information, visit www.mas1.com . About Applied Digital Solutions, Inc. Applied Digital Solutions is an information technology and solutions company operating on the I3 Services Platform. Through our core business units of Applications, Services and Advanced Wireless, Applied Digital Solutions offers Intelligent Integrated Information Services See Information Systems. . Our products and services allow the collection, organization, analysis, warehousing and dissemination of information for a wide variety of end users including commercial operations, governments, and consumers. 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. The Company intends that such 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. 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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