Digital Angel's CEO Scheduled to Appear on CNBC to Discuss Company's Technology Applications in Areas of Mad Cow and Avian Flu
March 14 2006 - 11:41AM
Business Wire
In Wednesday Morning Interview, Executive to Outline Potential for
Company's BioThermo (Temperature Sensing) Microchip in Detecting
Avian Flu 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, announced today that Kevin N. McGrath, its Chief
Executive Officer, is scheduled to appear on CNBC's Squawk Box on
Wednesday, March 15th to discuss the role that the Company's RFID
technology could play in the livestock tags/national ID program and
the BioThermo (Temperature Sensing) microchip's utility in early
detection of elevated temperatures in poultry. Elevated
temperatures in poultry could provide early indications that the
animal is infected with the H5N1 influenza, more commonly known as
the Avian Flu. The show airs on the national cable channel from 6
a.m. to 9 a.m. eastern time. Mr. McGrath is currently scheduled to
appear during the 6 a.m. to 7 a.m. time period. 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 humans, pets, fish, poultry and
livestock 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 majority-owned by Applied Digital Inc.
(Nasdaq: ADSX). For more information about Digital Angel, please
visit 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, Applied
Digital Solutions, Inc. owns 55.4% of the Company's common stock,
new accounting pronouncements regarding expensing of share based
compensation may impact the Company's future results of operations,
the Company may continue to incur net losses, infringement by third
parties on the Company's intellectual property or development of
substantially equivalent proprietary technology by the Company's
competitors could negatively impact the Company's business,
domestic and foreign government regulation and other factors could
impair the Company's ability to develop and sell its products in
certain markets, the Company relies on sales to government
contractors for its animal identification and search and rescue
beacon products, and any decline in the demand by these customers
for such products could negatively affect the Company's business,
the Company depends on a single production arrangement for its
patented syringe-injectable microchips, and the loss of or any
significant reduction in the production could have an adverse
effect on the Company's business, technological change could cause
the Company's products to become obsolete, the loss of one of the
Company's principal customers could negatively impact the Company's
net revenue, the Company's earnings will decline if the Company
writes off goodwill and other intangible assts, options and
warrants outstanding and available for issuance may adversely
affect the market price of the Company's common stock, currency
exchange rate fluctuations could have an adverse effect on the
Company's sales and financial results, the Company depends on a
small team of senior management. 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, 2005.
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.
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