Digital Angel to Present at the 2nd Annual Rodman and Renshaw Techvest Security and Connectivity Conference in New York City
June 09 2005 - 3:10PM
PR Newswire (US)
Digital Angel to Present at the 2nd Annual Rodman and Renshaw
Techvest Security and Connectivity Conference in New York City SO.
ST. PAUL, Minn., June 9 /PRNewswire-FirstCall/ -- Digital Angel
Corporation (AMEX:DOC), an advanced technology company in the field
of rapid and accurate identification, location tracking, and
condition monitoring of high-value assets today announced that it
will present at the Rodman and Renshaw Techvest Security and
Connectivity Conference at The St. Regis Hotel located at 2 East
55th street in New York City. Kevin McGrath, President and CEO of
Digital Angel, is scheduled to speak on Wednesday, June 15th, 2005
in the Louis XVI room at 10:30 AM EDT. Rodman & Renshaw, LLC is
a privately-held, full-service investment bank committed to
fostering the long-term success of emerging growth companies
through capital raising, strategic advice, insightful research, and
the development of institutional support. Rodman employs dedicated,
experienced, and talented professionals within its equity research,
corporate finance, and sales & trading divisions. About Digital
Angel Corporation Digital Angel Corporation develops and deploys
sensor and communications technologies that enable rapid and
accurate identification, location tracking, and condition
monitoring of high-value assets. Applications for the Company's
products include identification and monitoring of pets, fish,
livestock, and humans through its patented implantable microchips;
location tracking and message monitoring of vehicles and aircraft
in remote locations through systems that integrate GPS and
geosynchronous satellite communications; and monitoring of asset
conditions such as temperature and movement, through advanced
miniature sensors. Digital Angel Corporation is a majority-owned
subsidiary of Applied Digital (NASDAQ:ADSX). For more information
about Digital Angel, visit the company's website at
http://www.digitalangelcorp.com/. The statements in this press
release that are not strictly historical, are "forward-looking"
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934 and
are intended to be covered by the safe harbors created by these
sections. The forward-looking statements are subject to risks and
uncertainties and the actual results that the Company achieves may
differ materially from these forward-looking statements due to such
risks and uncertainties, including, but not limited to, that the
Company's majority stockholder, Applied Digital Solutions, Inc.
owns 55.2% of the Company's common stock; that new accounting
pronouncements may impact the Company's future results of
operation; that the Company may continue to incur losses, that
infringements by third parties on the Company's intellectual
property or development of substantially equivalent proprietary
technology by the Company's competitors could negatively affect the
Company's business; that domestic and foreign government regulation
and other factors could impair the Company's ability to develop and
sell the Company's products in certain markets; that the Company
relies on sales to government contractors of its animal
identification products, and any decline in the demand by these
customers for the Company's products could negatively affect the
Company's business; that the Company depends on a single production
arrangement for its patented syringe-injectable microchips; that
the Company depends on principal customers; that the Company
competes with other companies and the products sold by the
Company's competitors could become more popular than the Company's
products or render the Company's products as obsolete; that the
Company's earnings will decline if the Company must write-off
goodwill and other intangible assets; that the exercise of options
and warrants outstanding and available for issuance may adversely
affect the market price of the Company's common stock ;that
currency exchange rate fluctuations could have an adverse effect on
the Company's sales and financial results; and that the Company
depends on a small team of senior management and the Company may
have difficulty attracting and retaining additional personnel. A
detailed statement of risks and uncertainties is contained in the
Company's reports to the Securities and Exchange Commission,
including in particular the Company's Form 10-K for the fiscal year
ended December 31, 2004. Investors and stockholders are urged to
read this document carefully. The Company can offer no assurances
that any projections, assumptions or forecasts made or discussed in
this release will be met, and investors should understand the risks
of investing solely due to such projections. The Company undertakes
no obligation to revise any forward-looking statements in order to
reflect events or circumstances that may arise after the date of
this press release. Contact: Allen & Caron Inc Michael
Lucarelli (investors) Brian Kennedy (media) 212-691-8087
212-691-8087 DATASOURCE: Digital Angel Corporation CONTACT:
investors, Michael Lucarelli, , or media, Brian Kennedy, , both of
Allen & Caron Inc, +1-212-691-8087, for Digital Angel
Corporation Web site: http://www.digitalangelcorp.com/
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