Applied Digital Solutions to Showcase VeriChip's Security Applications At Prestigious Americas' Security Expo, July 9-11, 2002.Business Editors, High Tech Writers Company will highlight "Protected by VeriChip(TM)" capabilities at leading international security Expo featuring technologies designed to "Secure, Automate and Protect the World" Applied Digital Solutions, Inc. (Nasdaq: ADSXE), an advanced technology development company, today announced that VeriChip's security-related applications will be showcased at the 8th Annual Americas' Security Expo scheduled for Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , July 9-11, 2002. The VeriChip booth at this prestigious international security Expo will give the company an opportunity to highlight its recently announced "Protected by VeriChip(TM)" product awareness campaign. In the security field, the company is actively developing applications for VeriChip in a variety of security, defense, homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States and secure-access applications. These opportunities include using VeriChip to control authorized access to government installations and private-sector buildings, nuclear power plants, national research laboratories, correctional facilities, and sensitive transportation resources. VeriChip can enhance airport security, airline security, cruise ship security, intelligent transportation and port congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. management. In these markets, VeriChip could function as a stand-alone, tamper-proof personal verification technology or it could operate in conjunction with other security technologies such as standard ID badges and advanced biometric devices (i.e. retina scanners, thumbprint readers or face recognition devices). The concept of using VeriChip as a means for secure access could also be extended to include a range of consumer products such as PCs, laptops, cars, cell phones, and even homes and apartments. Commenting on the Americas' Security Expo and on the "Protected by VeriChip" awareness campaign, Scott R. Silverman, President of Applied Digital Solutions, said: "Americas' Security Expo is a very important venue. With several Latin American distribution agreements already in-hand, we will now have the opportunity to demonstrate VeriChip's security applications to companies and government officials throughout The Americas. The `Protected by VeriChip' awareness campaign is designed to demonstrate the far-reaching applications of VeriChip in security, homeland security, personal identification, defense, emergency, and a range of financial and anti-fraud areas. This Expo provides an excellent opportunity to introduce `Protected by VeriChip' security applications to a large target audience of potential customers from the 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. as well as Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ." More About Americas' Security Expo (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. ) The first Americas' Security Expo was held in 1994 in Miami, bringing security industry marketers together with Latin American decision-makers through a Florida-based conference and exposition. Now in its eighth year, ASE Miami brings together an exciting, culturally rich, 3-day marketplace featuring the state-of-the-art in security products, systems and services. Into this arena come thousands of end-users, manufacturers, dealers and distributors who define the security industry in this hemisphere's most dynamic and exciting markets. ASE is the ONLY security industry event that reaches the Southeast U.S., Latin America and the Caribbean Basin The Caribbean Basin is generally defined as the area running from Florida westward along the Gulf coast, then south along the Mexican coast through Central America and then eastward across the northern coast of South America. . For companies intent on cultivating new business in these growing areas, ASE Miami is the one dependable marketing tool you can rely on to deliver results year after year. About VeriChip(TM) VeriChip, first announced on December 19, 2001, 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, emergency and healthcare 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. VeriChip Corporation VeriChip Corporation, a wholly owned subsidiary of Applied Digital (Nasdaq: ADSX), markets a line of Radio Frequency Identification (RFID) Devices (including VeriChip) used in security, financial, emergency identification, and other applications. and its parent company, Applied Digital Solutions, are working with federal regulators to ensure full compliance with applicable regulations. The company believes its first-mover advantage First-mover advantage is the advantage gained by the initial occupant of a market segment. This advantage may stem from the fact that the first entrant can gain control of resources that followers may not be able to match. will enable it to gain significant market share in the emergency information and personal verification market. 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 (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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