To: OLD JAKE JUSTUS who wrote (135 ) 12/8/1999 2:46:00 PM From: Jim O'Connell Read Replies (1) | Respond to of 1129
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 visitstrinc.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.