Applied Digital Solutions Names Dr. Peter Zhou Vice President and Chief Scientist.Business Editors/High Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 21, 2000 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) ) announced today that it has named Dr. Peter Zhou, Vice President and Chief Scientist. Dr. Zhou will retain his position as President of Digital Angel.net, a 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. . In this expanded role, Dr. Zhou will be lending his significant expertise to the CTIITM core of Applied Digital Solutions. Among his first priorities will be to establish a technical advisory committee. The committee, with members from academia, will provide key input to areas of development and growth and insure that Applied Digital remains at the forefront of technology. 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, commented on the appointment: "Dr. Zhou has already proven himself invaluable through his rapid and cost effective development of Digital Angel. We now want to expand his role within the organization. With twelve 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. and numerous foreign patents issued and his close ties with the academic elite, Dr. Zhou is in an ideal position to not only secure every available aspect of our existing technology, but to identify new and complementary technologies." Dr. Zhou has been an Adjunct Professor at 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 Stony Brook Stony Brook may refer to: Massachusetts:
http://upenn.edu/. Address: Philadelphia, PA, USA. , and a Research Scientist at Max-Planck Institute in Stuttgart, Germany. He holds a Ph.D. in Materials Science materials science Study of the properties of solid materials and how those properties are determined by the material's composition and structure, both macroscopic and microscopic. from the University of Pennsylvania. About Digital Angel.net In December, 1999, Applied Digital Solutions announced that it had acquired the patent rights to a miniature digital transceiver - which it has named Digital Angel - implantable within the human or animal body that could be used for a variety of purposes, such as providing a tamper-proof means of identification for enhanced e-commerce security, locating lost or missing individuals, tracking the location of valuable property or pets, and monitoring the medical condition of at-risk patients. The implantable device sends and receives data and can be continuously tracked by GPS (Global Positioning Satellite) technology. In September of 2000, Applied Digital Solutions acquired Destron Fearing Corporation and merged it into its Digital Angel subsidiary. Destron Fearing, based in South St. Paul, Minn., has been in the animal identification business since 1945 and manufactures a broad line of electronic and visual identification devices and information systems for companion animals, livestock, laboratory animals, fish and wildlife. The company owns patents worldwide in microchip technology and is a leader in the world evolution of radio frequency animal identification. For more information about Digital Angel, visit http://www.digitalangel.net . For more information about Destron Fearing, visit http://www.destronfearing.com . 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 CTII Comprehensive Technologies International, Inc. ). 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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