Applied Digital Solutions to Participate in Seminar on Human Implantable Microchips at the National Academies -- Nov. 15, 2002, in Washington.Business Editors/High-Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 12, 2002 VeriChip(TM) will be among the topics explored in panel discussion involving representatives from VeriChip Corporation, the CATO Cato the Elder (234–149 B.C.) for his last eight years said in every Senate speech, “Carthage must be destroyed.” [Rom. Hist.: EB (1963) V, 43] See : Perseverance CATO - Fortran-like CAI language for PLATO system on CDC 1604. Institute, the Electronic Privacy Information Center Electronic Privacy Information Center or EPIC is a public interest research group in Washington D.C.. It was established in 1994 to focus public attention on emerging civil liberties issues and to protect privacy, the First Amendment, and constitutional values in the (EPIC), and FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. Applied Digital Solutions, Inc. (Nasdaq: ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), an advanced technology development company, today announced that it will participate in a seminar on human implantable microchips to be held November 15, 2002, at the National Academies in Washington, D.C. The title of the program is: "Human Microchip Implantation: It's More Than Skin Deep." The Company's subdermal sub·der·mal adj. Located or placed beneath the skin; subcutaneous. VeriChip technology will be among the topics explored during a panel discussion involving representatives from VeriChip Corporation, the CATO Institute, the Electronic Privacy Information Center (EPIC), and the Food and Drug Administration (FDA). The following panelists are expected to speak at the seminar: -- Dr. Richard Seelig: Vice President of Medical Applications for VeriChip Corporation. Dr. Seelig was the first to implant a VeriChip in his arm and hip. -- Clyde Wayne Crews, Jr.: Director of Technology Studies at the Cato Institute in Washington, D.C. -- Marc Rotenberg: Executive Director of the Electronic Privacy Information Center (EPIC) in Washington, DC. -- Philip J. Phillips: Deputy Director of Science and Regulatory Policy in the Office of Device Evaluation at the FDA's Center for Devices and Radiological Health. The seminar discussion is open to the public. For more information, please visit http://www4.nationalacademies.org/webcr.nsf/(MeetByDocID)/B324E0F61348F85F85256C61004FC9A7?OpenDocument (Due to the length of this URL URL in full Uniform Resource Locator Address of a resource on the Internet. 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Seminar Contacts: Kenya Stokes or Emily Anderson Christine Mirzayan Science and Technology Policy Internship Program Email: kstokes@nas.edu or eanderson@nas.edu Phone: (202) 334-1542 or (202) 334-3818 National Academies Media Contact: Vanee Vines Email: vvines@nas.edu Phone: (202) 334-2183 The seminar is taking place just a few weeks after Applied Digital Solutions announced that the FDA had determined that VeriChip is not a regulated medical device for security, financial, and personal identification/safety applications. The Agency specified in its ruling that VeriChip is a regulated medical device for health information applications. Following the FDA ruling, Applied Digital Solutions announced that it would immediately begin VeriChip marketing efforts in the United States. On October 24, 2002, the Company launched a national "Get Chipped(TM)" promotion making the first 100,000 registrants and all qualified ADSX shareholders eligible for a special introductory savings of $50 at the time of "chipping." Details about the "Get Chipped" promotion are posted on the Company's website: www.adsx.com. About VeriChip(TM) VeriChip is a miniaturized radio frequency identification See RFID. device (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) that can be used in a variety of security, financial, emergency identification and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number and will be available in several formats, some of which will be insertable under the skin. The verification number is captured by briefly passing a proprietary scanner over the VeriChip. A small amount of radio frequency energy passes from the scanner energizing energizing, adj giving energy to; revitalizing; rejuvenating. the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. "Getting chipped" is a simple, outpatient procedure that lasts just a few minutes and involves only local anesthetic and insertion of the chip. VeriChip Corporation is 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. of Applied Digital Solutions. 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. The Company's Advanced Technology Group offers a complete CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. solution to commercial and government customers, as well as a full array of 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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