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Applied Digital's VeriChip Corporation Signs New Distributors for Asian, European and Middle East RegionsDELRAY BEACH, Fla. --(Business Wire)-- April 27, 2005 -- International Distribution Expands to China, Japan, Malaysia, Taiwan, Israel and Germany VeriChip Corporation, a wholly-owned subsidiary of Applied Digital (NASDAQ: ADSX), a provider of Security Through Innovation(TM) announced today that it has selected new distributors for the Asian, European and Middle Eastern regions. Through these selections, the Company expects to expand the use of VeriChip for security and medical applications in China, Japan, Malaysia, Taiwan, Israel and Germany. VeriChip awarded SII Korea, Scientific Innovation and Integration (www.siikorea.com) the non-exclusive distribution rights to, China, Taiwan and Japan. SII is a multinational provider of security and healthcare services with offices based in S. Korea. In addition, the Company awarded a non-exclusive distribution agreement to Inforlexus, Inc. (www. Verichip.com.my), a provider of secure technology for people, providing IT management and security products for 30 years for Malaysia. The Company had previously awarded the exclusive distributorship to another entity in the country that failed to meet its minimum purchase requirement and was therefor terminated. The Company also awarded non-exclusive distribution rights to Biometronix (www.biometronix.com) for Germany. Biometronix is a German-based company specializing in high security solutions for access control utilizing biometric technologies. Finally, VeriChip Corporation granted non-exclusive distribution rights to Glezer Technology, an Israeli company focusing on new technologies for the healthcare and security marketplace. "We continue to build distribution both domestically, through relationships with companies like Henry Schein, and internationally through the selection of leading distributors in key markets," said Kevin McLaughlin, CEO of VeriChip Corporation. "These companies, leaders in their markets in security and healthcare, should help grow sales of VeriChip internationally, building on the momentum we have begun to generate in North America." About VeriChip Corporation VeriChip Corporation, a wholly owned subsidiary of Applied Digital, provides leading-edge security solutions for people, their assets, and their environments. From the world's first and only FDA-cleared, human-implantable microchip to the only active RFID tag with patented skin-sensing capabilities, VeriChip leads the way in next-generation RFID technologies. Today, over 3,000 installations in healthcare, security, industry, and governments worldwide benefit from both the protection and cost savings that VeriChip Corporation's innovation delivers. For more information on VeriChip Corporation, please visit www.verichipcorp.com. About Applied Digital Applied Digital develops innovative security products for consumer, commercial, and government sectors worldwide. The Company's 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 telecom 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). 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. |
