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Advanced ID in Talks with Tyson Foods and Alberta Government
LAS VEGAS --(Business Wire)-- May 20, 2004 -- Advanced ID Corporation (OTCBB: AIDO), a pioneer in the radio frequency identification (RFID) market, today commenced initial discussions with Tyson Foods and with Alberta Agriculture, Food and Rural Development to evaluate Advanced ID's RFID livestock identification technology.
Barry Bennett, President and CEO of Advanced ID Corporation stated, "We are very excited to have the opportunity to demonstrate the capability of our technology to the Alberta Government and to Tyson Foods, a global leader within the livestock and food industry. We look forward to announcing details on our discussions in the coming weeks.
With regard to the recent price manipulation of our stock, we want to assure our loyal shareholders that we are taking the necessary steps to address this malicious action. We are working closely with the U.S. Securities and Exchange Commission and the National Association of Securities Dealers (NASD) to investigate and identify the parties involved.
About Tyson Foods, Inc.
Tyson Foods, Inc. (NYSE:TSN), founded in 1935 with headquarters in Springdale, Arkansas, is the world's largest processor and marketer of chicken, beef and pork and the second largest food company in the Fortune 500. Tyson Foods produces a wide variety of brand name protein-based and prepared food products marketed in the United States and more than 80 countries around the world. Tyson Foods is the recognized market leader in the retail and foodservice markets it serves. The Company has approximately 120,000 team members and 300 facilities and offices in 26 states and 22 countries.
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 currently markets RFID microchips, scanners, and its proprietary PETtrac database to the companion animal and biological sciences markets. AID has recently developed an RFID technology solution 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.
Advanced ID Corporation (OTC Bulletin Board:AIDO)
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