InfoTech USA President & CEO Files Form 4 with the Securities and Exchange Commission; Company Executive Purchases 20,000 Share
March 03 2006 - 8:00AM
Business Wire
InfoTech USA, Inc. (OTCBB: IFTH), a majority-owned subsidiary of
Applied Digital (NASDAQ: ADSX), announced today that President and
Chief Executive Officer Jonathan F. McKeage has filed a Form 4 with
the Securities and Exchange Commission reflecting his recent
purchase of 20,000 shares of InfoTech common stock, in the open
market and at prices ranging from $0.39 to $0.48 per share. About
InfoTech USA InfoTech USA, Inc., a majority-owned subsidiary of
Applied Digital, is a 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) and in InfoTech USA, Inc. 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 Securities 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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