Applied Digital Solutions to be Listed on the Chicago Board Options Exchange.Business Editors/High Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--March 2, 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 the Chicago Board Options Exchange Chicago Board Options Exchange (CBOE) A securities exchange created in the early 1970s for the public trading of standardized option contracts. Primary place for the trading of stock options, foreign currency options, and index options (S&P 100, 500, and OTC 250 index) (CBOE CBOE See: Chicago Board Options Exchange CBOE See Chicago Board Options Exchange (CBOE). ) will list options on the stock of Applied Digital Solutions beginning Wednesday, March 8, 2000. The options will trade under the CBOE ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors of DUU on the February expiration cycle with introductory expirations in March, April, May and August. The initial strike prices have been set at $10, $12.50 and $15. Commenting on the announcement, Applied Digital Solutions' 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. Richard J. Sullivan said: "We are extremely pleased that the CBOE's selection committee has decided to list options in our stock. We believe that this listing and the recent increase in institutional interest in our stock are clear indications that the investment community strongly supports our focus on e-business solutions through Computer Telephony Internet Integration." In notifying Applied Digital Solutions of the listing, Chicago Board Options Exchange Chairman and CEO William J. Brodsky noted: "Because options are a risk transference TRANSFERENCE, Scotch law. The name of an action by which a suit, which was pending at the time the parties died, is transferred from the deceased to his representatives, in the same condition in which it stood formerly. vehicle, they tend to reduce the volatility of the underlying stock price. Moreover, every study of the options market has concluded that options add to the capital formation process so important to major corporations." Brodsky also stated: "Money managers, banks, insurance companies and other institutions actively seek companies with listed options as part of their portfolio activity." About the Chicago Board Options Exchange With more than 1,400 stock options listed, CBOE is the world's largest options marketplace, accounting for more than 51 percent of all U.S. options trading and 91 percent of all index options trading. CBOE's daily contract volume, which now exceeds 1.4 million, has doubled over the past two years. Regulated by the Securities and Exchange Commission, CBOE is the creator of listed options. For additional information about CBOE and its products, access the CBOE web site at www.cboe.com. About Applied Digital Solutions, Inc. Applied Digital Solutions is an e-business solutions provider offering Internet, telecom, LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and software services to a wide variety of businesses throughout North America. 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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