Applied Digital Solutions Announces Third Quarter Government Contract Awards Totalling in Excess of $1.5 Million.Business Editors PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 2, 2000 Applied Digital Solutions, Inc. (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ) announced today key contract awards for recently acquired Computer Equity Corporation. During the third quarter, contracts were awarded from Air Combat Command at Langely Air Force Base, Maxwell Air Force Base Coordinates: “Maxwell Field” redirects here. For other uses, see Maxwell Field (disambiguation). Maxwell Air Force Base (IATA: MXF, ICAO: KMXF, FAA LID: MXF), officially known as , the Naval Supply Center in Mechanicsburg, Pennsylvania Mechanicsburg is a borough in Cumberland County, Pennsylvania, USA, eight miles (13 km) west of Harrisburg. Mechanicsburg was settled in 1806 and incorporated as a borough on April 12, 1828. , the Veterans Administration Medical Center in Chicago, and 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 postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval Bulk Mail Facility in Indianapolis. Under the contracts, Applied Digital Solutions will be providing cabling and infrastructure upgrades and installations at a variety of locations. Contracts were awarded based upon several factors including the ability to meet strict technical requirements and provide technicians with security clearances. Commenting on the contract awards, 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 indicated the importance by stating, "Computer Equity's ability to bid on and win key government contracts brings a whole new market for Applied Digital's CTII CTII Comprehensive Technologies International, Inc. solutions. Additionally, new product offerings with Department of Defense applications should benefit greatly from this relationship." Applied Digital Solutions announced on August 2, 2000 that it had acquired Computer Equity Corporation. About Applied Digital Solutions Applied Digital Solutions is a leading edge, single-source provider of e-business solutions. The company differentiates itself in the marketplace by enabling e-business through Computer Telephony Internet Integration (CTII). With five-year growth (from 1994 to 1998) of 64,012%, Applied Digital Solutions is ranked as the fifth fastest-growing technology company by Deloitte & Touche in its 1999 Technology Fast 500 listing. 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. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. |
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