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| [August 05, 2004] |
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Advanced ID to Establish Joint Venture to Capitalize on RFID Growth
CALGARY, Alberta --(Business Wire)-- Aug. 5, 2004 -- Advanced ID Corporation (OTCBB:AIDO), a pioneer in the radio frequency identification (RFID) market, today announced that it is actively seeking a joint venture partner to establish a research and development company to develop solutions for broad based RFID applications.
Barry Bennett, President and CEO of Advanced ID Corporation stated, "Our experience in the RFID industry over the last ten years has given us a clear understanding of the opportunity presently in front of us. It is our goal to be a complete solutions provider and integrator of technology for the RFID industry which we believe is still in its infancy, and which is expected to grow significantly over the next several years. Consequently, we are actively seeking to establish a joint venture partnership with a large technology company to design, develop, and manufacture new products for RFID applications including integration with GSM, cellular, real time location system (RTLS) and GPS platforms. We strongly feel this will allow us to further our ability to provide customized solutions to our clients, and to grow our revenue base through diversification beyond RFID applications for animals."
About Advanced ID Corporation
Advanced ID Corporation (AID), through its wholly owned subsidiary, is a pioneer in the radio frequency identification (RFID) market. RFID allows for the positive identification and tracking of animals or objects that have been identified with a microchip. AID markets low frequency RFID microchips, scanners, and its proprietary PETtrac database to the companion animal and biological sciences markets. AID also markets its proprietary ultra high frequency DataTRAC(TM) tags, readers, and software solutions to minimize or eliminate the impact of biosecurity and food safety issues related to the livestock industry. For more information, please visit the Company's website at www.advancedidcorp.com.
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements". Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
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