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Applied Digital Expands Telecom and Security Services Opportunities with Federal Government DELRAY BEACH, Fla. --(Business Wire)-- Aug. 30, 2004 -- Modification to Federal Supply Schedule 70 Contract expands services that Applied's subsidiary, Government Telecommunications, Inc., may provide to Federal GovernmentApplied Digital (Nasdaq: ADSX), a provider of Security Through Innovation(TM), today announced that its wholly owned subsidiary, Government Telecommunications, Inc. (GTI), has been awarded a contract modification from the Federal Supply Service of the General Services Administration to add 11 categories of professional services to the information technology equipment, services and software already on the contract. The added services include program management, engineering, and network design, installation and management. These services may be provided at locations worldwide, an expansion in scope beyond GTI's other current contracts. GTI has been providing services to the Federal Government for many years. These services have included designing, deploying and maintaining voice, data and video telecommunications networks for agencies of the federal government. Some of the governmental entities include the US Postal Service, the Departments of Defense, Justice and Agriculture, and the Social Security Administration. In order to provide these services, GTI must be listed on Schedule 70. "This modification should significantly expand the number of opportunities that GTI will have with the Federal Government," Scott R. Silverman, Chairman and CEO of Applied Digital noted. "Government/military customers currently provide more than 50 percent of Applied Digital's overall revenue, and allows us to invest in promising technologies such as VeriChip(TM). This modification will enable our team to pursue a greater scope of opportunities in the secure telecommunications and information technology arena." About Applied Digital Applied Digital develops innovative security products for consumer, commercial, and government sectors worldwide. Our unique and often proprietary products provide security for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader of Security Through Innovation. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX:DOC - News). 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. |
