Applied Digital Solutions Announces Launch of TigerTel Inc. On the Canadian Dealing Network.PALM BEACH, Fla.--(BUSINESS WIRE)--Aug. 30, 1999-- 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) ) today announced that TigerTel Inc., has completed a 4 for 1 share consolidation and has begun trading on the Canadian Dealing Network Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. under the symbol "TTEL TTEL Tools & Test Equipment List TTEL Talk to Everyone Later TTEL Tools and Test Equipment List ". Applied Digital owns approximately 5 million shares of TigerTel Inc., which currently has a total of 6.7 million shares outstanding. TigerTel Inc. was created through the merger of TigerTel Services Limited and Contour Telecom Management Inc. This merger was completed in June 1999. On Friday, August 27, 1999 TigerTel's shares closed at Cdn $6.50. Richard J. Sullivan, 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 Solutions stated, "The official trading of TigerTel Inc. on the Canadian Dealing Network marks one of the final steps in the integration of TigerTel Services Limited and Contour Telecom. As the largest shareholder of TigerTel Inc. we are excited about the prospects for this company and believe it is in a strong position to exploit many opportunities in the rapidly expanding Canadian telecommunications industry. We also believe that the commencement of the trading of TigerTel Inc. provides our shareholders with a better understanding of the value of this investment." Applied Digital Solutions is a full service communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. that provides integrated products and services to a wide variety of businesses throughout North America. The Company is comprised of five business divisions which work together to meet the growing communication needs of its clients. For more information visit the Company's web site 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 involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. |
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