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Verichip media { May 7 2002 } VeriChip's First-ever ``Chipping'' Procedures Attracting Worldwide Media Attention - ABC's Good Morning America to Provide Extended, Two-day Coverage
PALM BEACH, Fla.--(BUSINESS WIRE)--May 7, 2002--Applied Digital Solutions (NASDAQ:ADSX)
GMA plans live coverage of Jacobs family "chipping" on Friday
morning May 10, 2002, with follow-up interview on Monday morning
May 13, 2002
CBS Evening News will cover VeriChip story Friday, May 10, 2002,
including early stage Alzheimer's patient Nate Isaacson
Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, announced today that it is expecting extensive, worldwide media coverage of the first-ever "chipping" procedures scheduled for May 10, 2002.
ABC's Good Morning America will provide live coverage of the Jacobs family "chipping" procedure that morning, with a follow-up interview on Monday morning, May 13, 2002.
In addition, CBS Evening News will air an in-depth story on May 10, 2002, including the "chipping" of early stage Alzheimer's patient Nate Isaacson.
As previously announced, the Jacobs family will be the first family in the world to "get chipped" with VeriChip's personal verification microchip. The historic "chipping" procedure will take place in the first Authorized VeriChip Center in Palm Beach County, Florida, followed by a press conference and an invitation-only brunch for business partners and community leaders. During the press conference and the business brunch, Applied Digital executives will unveil more details about VeriChip's rollout plans.
Commenting on the extensive media interest in the event, Scott R. Silverman, President of Applied Digital Solutions, said: "VeriChip has been the subject of widespread media attention for the past few months, everything from Time Magazine to the Today Show, the Early Show, CNN's American Morning with Paula Zahn, CBS Weekend Evening News, and the O'Reilly Factor on Fox News. We're delighted that Good Morning America and CBS Evening News will cover the first-ever "chipping" procedures on May 10th.
Many other television networks, magazines and newspapers from around the world are expected to be there. CNN, Telemundo, Tech TV, Nick News, Inside Edition, and Fox News all plan to be there. Reporters and photographers from the Associated Press and Reuters will cover the story. We've also heard from The Financial Times Magazine in London, the Washington Post, the Los Angeles Times, Wired News, the BBC, French television, German television, Nippon TV in Japan, Brazil, Italy, Mexico, you name it. Major media outlets throughout Europe, Asia, Latin America and North America have expressed interest in covering this historic international news event, along with details of VeriChip's initial market launch in the United States."
About VeriChip(TM)
VeriChip, first announced on December 19, 2001, is a miniaturized, implantable, radio frequency identification device (RFID) that can be used in a variety of security, emergency and healthcare applications. On April 4, 2002, the company announced that it had received written guidance that the U.S. Food and Drug Administration (FDA) does not consider VeriChip's personal verification device to be a regulated medical device, enabling the company to begin sales, marketing and distribution of VeriChip in the United States. About the size of a grain of rice, each VeriChip is composed of FDA-accepted materials and contains a unique verification number. That number is captured by briefly passing a proprietary, external scanner over the VeriChip. A small amount of radio frequency energy passes through the skin energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. The company believes its first-mover advantage will enable it to gain significant market share in the emergency information and verification market that is estimated to exceed $15 billion. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions.
About Digital Angel(TM)
Digital Angel(TM) technology represents the first-ever combination of advanced biosensors and Web-enabled wireless telecommunications linked to the Global Positioning System (GPS). By utilizing advanced biosensor capabilities, Digital Angel will be able to monitor key body functions - such as temperature and pulse - and transmit that data, along with accurate emergency location information, to a ground station or monitoring facility. Digital Angel Corporation (Amex: DOC) was formed on March 27, 2002, in a merger between Digital Angel Corporation and Medical Advisory Systems, a global leader in telemedicine that has operated a 24/7, physician-staffed call center in Owings, Maryland, for two decades. Prior to the merger, Digital Angel Corporation was a wholly owned subsidiary of Applied Digital Solutions. Applied Digital Solutions is the beneficial owner of 19.6 million shares of Digital Angel Corporation. For more information about Digital Angel, visit www.digitalangel.net.
About Thermo Life(TM)
Thermo Life is a proprietary, thermoelectric generator powered by body heat. Thermo Life is intended to provide a miniaturized power source for a wide range of consumer electronic devices, including attachable or implantable medical devices and wristwatches.
About Computer Equity, Inc. and Government Telecommunications, Inc. (GTI)
Computer Equity, Inc. (Compec) - including its subsidiary, GTI - is a wholly owned subsidiary of Applied Digital Solutions. With a revenue base that exceeds $30 million, Compec specializes in providing a full array of telecommunications, wireless and network integration services to government agencies. Compec's customers include major agencies of the Federal government such as the Social Security Administration, the Department of Justice and the Department of Defense.
About Applied Digital Solutions, Inc.
Applied Digital Solutions (Nasdaq: ADSX) is an advanced technology development company that focuses on a range of early warning alert, 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. 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 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.
CONTACT: Applied Digital Solutions Inc., Palm Beach
Investor Contact, Lynn Anderson, 561/805-8007
Media Contact, Matthew Cossolotto, 914/245-9721
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