Van Chu Assumes CEO Post at Digital Angel Corporation
November 07 2003 - 8:30AM
PR Newswire (US)
Van Chu Assumes CEO Post at Digital Angel Corporation SOUTH ST.
PAUL, Minn., Nov. 7 /PRNewswire-FirstCall/ -- Digital Angel
Corporation , majority owned by Applied Digital Solutions, Inc. ,
today announced that Van Chu has assumed responsibilities of CEO of
Digital Angel Corp. effective immediately, replacing Kevin
McLaughlin, who had served as interim CEO since September. Mr. Chu
has over 25 years of experience in the information technology
industry. He was chairman and CEO of Octocom Systems, a
manufacturer of data communications equipment sold in 160 countries
and used by major service providers such as Swedish PTT, Italian
PTT and Nippon Telecom (Japan). Under Mr. Chu's leadership, Octocom
grew to over $40 million in annual sales, was named "Small Business
of the Year" in 1989 by the Greater Boston Chamber of Commerce and
subsequently became part of Cisco Systems. After earning a Bachelor
of Science degree with honors in Physics and Electronics from the
University of Melbourne in Australia, he received master's degrees
in Engineering and Business from Boston University. About Digital
Angel Corporation Digital Angel(TM) technology represents the
first-ever combination of advanced sensors and Web-enabled wireless
telecommunications linked to Global Positioning Systems (GPS). By
utilizing advanced sensor capabilities, Digital Angel is able to
monitor key functions - such as ambient temperature and physical
movement - and transmit that data, along with accurate emergency
location information, to a ground station or monitoring facility.
The Company also invented, manufactures and markets implantable
identification microchips the size of a grain of rice for use in
humans, companion pets, fish and livestock. Digital Angel Corp.
owns the patents for its inventions in all applications of the
implantable microchip technology for humans and animals. On March
27, 2002, Digital Angel Corporation completed a merger with Medical
Advisory Systems, Inc., which for two decades has operated a 24/7,
physician- staffed response center in Owings, Maryland. Applied
Digital Solutions, Inc. (NASDAQ:ADSX) is the majority owner of the
company. For more information about Digital Angel Corp., visit
http://www.digitalangelcorp.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. Investor Contact
Thomas Redington Redington, Inc. Phone: 203-222-7399 Email: Media
Contact Matthew Cossolotto Ovations International, Inc. Phone:
914-245-9721 Email: DATASOURCE: Digital Angel Corporation CONTACT:
Investor Contact: Thomas Redington of Redington, Inc.,
+1-203-222-7399, ; or Media Contact: Matthew Cossolotto of Ovations
International, Inc., +1-914-245-9721, , both for Digital Angel
Corporation Web site: http://www.digitalangelcorp.com/
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