Applied Digital Solutions Receives Favorable Decision from Nasdaq; Nasdaq Panel Extends Period of Time to Remedy $1.00 Bid Price Deficiency until July 25, 2004.Business Editors/High-Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--Jan. 6, 2004 Applied Digital Solutions, Inc. (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), an advanced technology development company, announced today that it has been notified that the Nasdaq Listing Qualifications Panel has granted additional time to meet the requirements for continued inclusion on the Nasdaq SmallCap Market pursuant to an exception to the bid price requirement as set forth in Nasdaq Marketplace Rule 4310(c)(4). As a result, the Company will now have until July 25, 2004 to satisfy the $1.00 bid price requirement for continued listing, assuming the Company continues to meet all of the other continued listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. . The Company's shareholders previously approved the implementation of a reverse stock split, to be effected if and when determined by the Board of Directors, either to ensure the continued listing requirements or to better align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. the capital structure of the Company as business conditions warrant. If at any time prior to July 25, 2004, the Company's bid price closes at or above $1.00 per share for a minimum of 10 consecutive trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. , the Company will receive notification from the Nasdaq that it complies with the bid price requirement. 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 owns 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . |
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