Applied Digital Solutions Creates New Investor Relations Department and Appoints Lori Alexander Director of Investor Relations.Business Editors/High Tech Writers New Executive position will report directly to the President and is charged with building a proactive and communicative approach to Investor Relations Investor relations The process by which the corporation communicates with its investors. Applied Digital Solutions, Inc. (Nasdaq: ADSXE), an advanced technology development company, today announced the creation of a new investor relations department and the appointment of Lori Alexander to the executive position of Director of Investor Relations. This new position will report directly to the President. Ms. Alexander will begin her official duties effective July 9, 2002. Ms. Alexander brings nearly 15 years of experience in public accounting, capital market research and analysis, consulting and institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. relations. She has worked as a senior research analyst at San Francisco-based Preferred Capital Markets, a broker dealer encompassing retail, institutional sales, investment banking and research. She has held related positions at a number of other companies, including Southwest Securities and Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. . Ms. Alexander received an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance, with a minor in International Business, from the University of Texas. She holds a BS in Business Administration/Accounting from the University of Kansas The University of Kansas (often referred to as KU or just Kansas) is an institution of higher learning in Lawrence, Kansas. The main campus resides atop Mount Oread. . In addition, she is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . Commenting on the appointment, Scott R. Silverman, President of Applied Digital Solutions, said: "One of my goals as the new President of Applied Digital has been the creation of a proactive and effective Investor Relations department. In today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. environment, it is imperative that public companies communicate reliably and consistently with all shareholders. With the appointment of Ms. Alexander, this goal will begin to become a reality. Her background as a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. with expertise in the research/analyst and institutional investor community speaks for itself. Her specific charge at Applied Digital is clear: To build a first-class Investor Relations department that is proactive, not reactive, a department that communicates effectively with all shareholders - retail and institutional alike. I hope all shareholders will join me in welcoming Lori to the Applied Digital team." About Applied Digital Solutions, Inc. Applied Digital Solutions (Nasdaq: ADSXE) 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: 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. 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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