| [June 26, 2006] |
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Wal-Mart Pet Food Supplier Case Study Completed by RFID, LTD.
DENVER --(Business Wire)-- June 26, 2006 -- RFID, LTD. (OTC: RFDL) announced today the provision of the finalized case study detailing RFID, LTD.'s Black Box RFID(TM) solution to Wal-Mart (NYSE: WMT) supplier Kasel Associated Industries, a leading producer of pet treats.
In 2005, Wal-Mart reported doing business with over 68,000 suppliers worldwide, all of which are required to comply with radio frequency identification (RFID) requirements set forth by the retail giant. RFID, LTD. specializes in helping such suppliers become RFID-mandate-compliant.
Kasel pet chew products are sold nationwide under several brand names. The company currently produces several million natural dog chews a month. While Kasel Industries had not yet received a compliance request from Wal-Mart, management chose to be proactive in the pursuit of knowledge regarding RFID technology.
Kasel Industries may have additional benefit from RFID, LTD.'s Black Box RFID(TM) solution due to existing supplier agreements with additional retailers who have mandated or have considered mandated RFID-compliance such as Target (NYSE: TGT) and PetSmart (Nasdaq: PETM).
About RFID, LTD.
RFID, LTD. (OTC: RFDL) is the world leader in formulating, testing and deploying vendor-neutral UHF radio frequency identification (RFID) solutions for small to medium-sized businesses required to comply with Wal-Mart (NYSE: WMT), Target (NYSE: TGT), PetSmart (Nasdaq: PETM) and Department of Defense RFID-compliance mandates.
Forward-looking Statements
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
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