Applied Digital Solutions Appoints New Independent Director - Michael S. Zarriello.Business Editors/High-Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--May 12, 2003 Applied Digital Solutions, Inc. (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ) an advanced technology development company, announced today that its Board of Directors has appointed a new independent director, Michael S. Zarriello. Mr. Zarriello most recently served as Senior Managing Director of Jesup and Lamont Securities Corporation and as President of Jesup and Lamont Merchant Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Prior to these assignments, he was a Managing Director and Principal of Bear-Stearns and Co., Inc. Earlier in his career, Mr. Zarriello was President and Chief Executive Officer of Retirement Inns of America; a division of Avon Products, Inc., and Vice President and Chief Financial Officer of Avon Products Health Care Division. Mr. Zarriello received his MBA from Fairleigh Dickinson University Fairleigh Dickinson University, at Florham-Madison and Teaneck-Hackensack, N.J.; coeducational; incorporated and opened 1942 as a junior college, became a four-year college in 1948 and a university in 1956. , an Advanced Professional Certificate (APC (1) (American Power Conversion Corporation, West Kingston, RI, www.apcc.com) The leading manufacturer of UPS systems and surge suppressors, founded in 1981 by Rodger Dowdell, Neil Rasmussen and Emanual Landsman, three electronic power engineers who had worked at MIT. ) from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the , and his undergraduate degree from State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. at Albany. Mr. Zarriello also serves on the Board of Good Samaritan Hospital Good Samaritan Hospital may refer to: In the United States:
Commenting on the appointment, Scott R. Silverman, Chairman and Chief Executive Officer, said: "Mr. Zarriello has an extensive financial, investment banking and broad-based business background. There is no doubt that his experience will strengthen the abilities of our Board of Directors as we look to expand the breadth of experience and independence of the Board for the benefit of our shareholders." 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 of a majority position in Digital Angel Corporation (AMEX AMEX See: American Stock Exchange : DOC). 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 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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