| [April 28, 2004] |
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VeriChip to Present at 2004 Steps to a Healthier Us Summit
PALM BEACH, Fla. --(Business Wire)-- April 28, 2004 -- VeriChip (TM) Corporation, a wholly-owned subsidiary of Applied Digital Solutions (NASDAQ: ADSXD), announced today that its implantable microchip was selected as one of 20 innovative health technologies to be featured at the National 2004 Steps to a Healthier US Summit Technology Showcase to be held April 29 and 30 in Baltimore, MD. The invitation was extended on behalf of Secretary of Health and Human Services Tommy G. Thompson. Richard Seelig, MD, Vice President of Medical Applications for VeriChip(TM) will be present at the conference, sponsored by the U.S. Department of Health and Human Services (HHS).
At the national Summit, Secretary Thompson is promoting the development of digital technologies and applications that help consumers take greater responsibility for their health. The Technology Showcase will feature innovative technologies and interactive health communication applications that support prevention and chronic disease management combining live demonstrations and scheduled presentations. With regard to VeriChip(TM)'s inclusion, Scott Silverman, CEO of Applied Digital Solutions commented, "All of us at VeriChip(TM) and ADS are honored that the Department of Health and Human Services has chosen the VeriChip(TM) technology to be a part of the Steps to a Healthier US Summit. We believe the healthcare application of VeriChip(TM) can greatly assist the patient population which is the focus of this important meeting." Conference attendees include public health professionals, policy and opinion makers, businesses, academics, and corporations.
About VeriChip(TM)
VeriChip is a miniaturized, radio frequency identification (RFID) device 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 the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. In October 2002, the US Food and Drug Administration (FDA) ruled that VeriChip was not a regulated device with regard to its security, financial, personal identification/safety applications but that VeriChip(TM)'s healthcare information applications are regulated by the FDA. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions. For more information about VeriChip, visit www.adsx.com.
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. 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 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 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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