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O.K., so you're too busy to research a company that you've probably never heard of? Well friends, associates, and relatives, please do take the time to read this. Submitted for informational purposes only:
Friday November 19, 9:39 am Eastern Time
Company Press Release
Applied Digital Solutions is America's Fifth
Fastest-Growing Technology Company
Top 1% Ranking is Part of Annual Deloitte & Touche "Fast 500"
Program That Measures Revenue Growth Over Last Five Years
PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 19, 1999-- Applied Digital Solutions, Inc. (NASDAQ:ADSX - news) has been named the fifth fastest-growing technology company in the U.S. in Deloitte & Touche's
prestigious ''Fast 500'' Program.
The annual program is a ranking of the 500 fastest-growing domestic technology companies based on five-year percentage
revenue growth from 1994 to 1998. The company improved on its ninth-place showing in last year's
program.
''We're very pleased to be ranked in the top 1% of the 500 fastest-growing, U.S.-based technology companies,'' said Richard
J. Sullivan, chairman and CEO of Applied Digital Solutions. ''Our improved ranking confirms just how dedicated our entire
organization is to becoming a leading technology competitor and a single-source provider of integrated digital communications
services to our customers,'' said Mr. Sullivan.
The average revenue increase for all ''Fast 500'' companies was 4,998%. In comparison, ADS's revenues soared 64,012%
during this period. Mr. Sullivan attributed ADS's outstanding revenue growth to the company's success in anticipating the
industry's rapid shift from analog to digital technologies. ''We positioned ourselves very well to take advantage of the digital
and e-commerce revolutions. Because we got out ahead of the technology curve, we've been riding a very fast growth curve,'' he said.
''To attain a listing on the 'Fast 500' is no easy feat,'' said Mark Evans, Managing Director, Deloitte & Touche High Technology Industry Group. He further stated that ''There are more than 22,000 technology
companies in the United States today, many of whom are competing for the same markets. The 'Fast 500' winners have proven that
they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend Applied Digital Solutions for
having the vision and determination to become one of the fastest growing technology companies in the U.S.''
To qualify for the ''Fast 500,'' companies must have had revenues of at least $50,000 in 1994; must be headquartered in the
United States; and must be ''technology companies'' defined as a company that produces technology, manufactures a
technology product, is technologically intensive, uses technology in problem-solving, or devotes a high percentage of effort to
the research and development of technology.
''Fast 500'' winners are invited to an exclusive two-day CEO Summit that will be held May 11 to 13, 2000, in Amelia Island,
Florida. The Summit will address the unique business issues facing these super-charged technology companies.
Deloitte & Touche is one of the nation's leading professional services firms, providing accounting and auditing, tax, and
management consulting services in over 100 U.S. cities. Deloitte & Touche is part of Deloitte & Touche Tohmatsu, a global
leader in professional services with more than 82,000 people in over 130 countries. For more information about the Deloitte &
Touche Technology Fast 500 program, visit www.fast500.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 www.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.
Contact:
Applied Digital Solutions
Lynn Anderson, 561/366-4800>>>
More Quotes and News:
Applied Digital Solutions Inc (NasdaqNM:ADSX - news)
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