Scott R. Silverman Appointed Chairman of InfoTech USA; Kevin McLaughlin Resigns Post as InfoTech Chairman To Focus on Role as CE
January 05 2006 - 9:00AM
Business Wire
The Board of Directors of InfoTech USA, Inc. (OTCBB:IFTH), a
majority-owned subsidiary of Applied Digital (NASDAQ: ADSX), a
leading provider of identification and security technology,
announced today that Scott R. Silverman has been appointed Chairman
of InfoTech. Mr. Silverman replaces Kevin McLaughlin, who resigned
as Chairman of InfoTech effective January 3, 2006, due to the time
commitments of his position as Chief Executive Officer of VeriChip
Corporation, also a subsidiary of Applied Digital. Mr. Silverman
also holds the positions of Chairman, Chief Executive Officer and
Acting President of Applied Digital. About InfoTech USA InfoTech
USA, Inc., a majority-owned subsidiary of Applied Digital, is a 20
year-old provider of information technology solutions, including
consulting, networking, procurement, deployment, integration,
migration and security services and solutions. The company also
provides on-going system and network maintenance services. For more
information, please visit www.InfoTechUSA.com. About Applied
Digital - "The Power of Identification Technology" Applied Digital
develops innovative identification and security products for
consumer, commercial, and government sectors worldwide. The
Company's unique and often proprietary products provide
identification and security systems 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
in identification technology. Applied Digital is the owner of a
majority position in Digital Angel Corporation (AMEX:DOC).
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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