Press Release
Business Editors/High Tech Writers
PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 8, 1999--Applied Digital
Solutions, Inc. (NASDAQ:ADSX) today announced that its Cleveland-based
software development company, ADS, Cleveland (STR, Inc.) which
specializes in developing store systems software for use in the
specialty retail market, has been named to two lists of the top
businesses in Northeast Ohio: The 1999 "Weatherhead 100" and the
"NorthCoast 99."
The Weatherhead 100, compiled annually by the Case Western
Reserve University Weatherhead School of Management, recognizes the
fastest-growing companies in Northeast Ohio. The "NorthCoast 99" is a
list of the best companies to work for in Northeast Ohio in terms of
employee attraction, retention and motivation.
"We've been extremely pleased with STR's robust growth and its
aggressive performance," said Richard J. Sullivan, Chairman and CEO of
Applied Digital Solutions, Inc. (ADS). "Being named to these prominent
lists is confirmation that STR is making a real difference for its
customers in the Ohio business community," he further stated.
STR targets specialty retail chains that offer high levels of
service to their customers. Its STR TradeWind(R) in-store software
enables these retailers to manage their stores more efficiently and
raise their level of customer service. Among STR's key accomplishments
in 1999 were winning the Microsoft Retail Application Development
(RAD) award and signing on high-profile clients such as Frederick's of
Hollywood, Jos. A. Bank Clothiers, and Polo Ralph Lauren. Over the
last five years, STR, Inc., has grown revenues 241 percent and
increased its employee base 136 percent.
STR, Inc. develops and markets in-store systems and corporate
data warehousing tools to the retail industry. STR has more than
15,000 contracted installations in a client base of internationally
recognized specialty retail operations. The company was acquired by
ADS in June of 1999. To learn more about STR, please visit
strinc.com .
Applied Digital Solutions, Inc. is an e-business to business
solutions provider offering Internet, telecom, LAN and software
services to a wide variety of businesses throughout North America. For
more information, visit the company's web site at adsx.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. The Company
intends that 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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