| [June 15, 2004] |
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VeriChip Corporation Hires Kevin J. Wiley as Its First Chief Executive
PALM BEACH, Fla. --(Business Wire)-- June 15, 2004 -- Seasoned Motorola and Next Level Communications Executive to Lead Commercialization of Verichip
Applied Digital Solutions, Inc. (NASDAQ: ADSX), an advanced technology development company, announced today that its wholly owned subsidiary, VeriChip(TM) Corporation, has appointed Kevin J. Wiley as its first Chief Executive Officer.
Most recently, Mr. Wiley was Vice President of Sales of Next Level Communications, with responsibility for a 50 person worldwide direct sales force, including Sales Engineering, Field Support Services, and Customer Lab Support Services. Mr. Wiley also served as Vice President of Corporate Business Development for Next Level, responsible for the review and analysis of partnerships and alliances in the development and manufacturing of products for the company.
"I am excited to be joining VeriChip Corporation at such a key point in its evolution," said Mr. Wiley. "The company has made the transition from research and development to commercialization, and I look forward to leading the team that will help capitalize on this promising technology."
Prior to his roles at Next Level, Mr. Wiley was Director of Latin American Cellular Operations for Motorola's Network Management Group, with responsibility for six Joint Venture investments in cellular companies in Latin America.
Earlier in his career, Mr. Wiley served as President and CEO of Nebraska Cellular Telephone Corporation, where under his direction the company achieved significant revenue growth, attained consistent profitability, and grew customer access lines from 12,000 to 80,000.
"It is with great pleasure that we announce that Kevin is joining VeriChip Corporation and the Applied family of companies," said Scott R. Silverman, Applied Digital's Chairman and Chief Executive Officer. "Kevin has an extensive worldwide sales, marketing, and business development background. As VeriChip's distributor base and customer opportunities continue to grow, an executive with global capabilities is a welcome addition. I look forward to working closely with him to build revenue for VeriChip and value for Applied Digital shareholders."
About Applied Digital Solutions, Inc.
Applied Digital Solutions 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 Wireless unit, 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.
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