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To: DEER HUNTER who wrote (619)	5/9/2000 9:10:00 AM
From: Straight Up	Read Replies (2) \| Respond to of 1129

Tuesday May 9, 8:40 am Eastern Time Company Press Release Applied Digital Solutions Announces Record Preliminary Financial Results for the Three Months Ending March 31, 2000 for Intellesale.com Unit Total revenues up 182%, Internet revenues up 662% versus previous year PALM BEACH, Fla.--(BUSINESS WIRE)--May 9, 2000-- Applied Digital Solutions, Inc. (NASDAQ: ADSX - news) today announced preliminary results for quarter ended March 31, 2000 for its Intellesale.com unit. Revenues for the 1st quarter were $48.3 million versus $17.1 million for the same period in 1999, an increase of 182%. Internet revenue grew to $22.1 million from $2.9, an increase of 662%. EBITDA for the quarter was $1.5 million versus $2.3 million in 1999, reflecting the increased investment in infrastructure and marketing expense. Commenting on the results, Richard J. Sullivan, Chairman and CEO of Applied Digital Solutions, called the results an ``indication of things to come for Intellesale.com.'' ``Intellesale continues to consistently improve both their revenue and the scope of their Internet presence. Moreover, with the investments in infrastructure we have made, Intellesale is at roughly 50% of capacity. They can easily double their business without any increases in fixed costs. With results such as these, we feel confident that our recently announced engagement of Prudential Securities will bring a very positive and timely resolution to the monetization of our investment in Intellesale.com. This is in keeping with all elements of our business model. The income generated from this and divestitures of other non-core businesses will provide capital that can be re-deployed along our core business lines.`` On May 6th, Applied Digital Solutions announced that it had entered into an agreement with Prudential to assist in pursuing strategic alternatives for Intellesale.com. About IntelleSale.com, Inc. A subsidiary of Applied Digital Solutions, Inc., Intellesale.com, Inc., is the leading provider of open-box, overstock, off-lease, new and refurbished computer equipment and related products at deeply discounted prices. The company sells products online through intellesale.com and other Internet portals, such as C/Net, Amazon.com, Egghead+Onsale and Ubid. In addition, the company sells products through traditional distribution channels, including the Intellesale.com sales force and advertising via catalogs and other conventional media. About Applied Digital Solutions, Inc. Applied Digital Solutions is a leading edge, single-source provider of e-business solutions. The company differentiates itself in the marketplace by enabling e-business through Computer Telephony Internet Integration (CTII(TM)). With five-year revenue growth (from 1994 to 1998) of 64,012%, Applied Digital Solutions is ranked as the fifth fastest-growing technology company by Deloitte & Touche in its 1999 Technology Fast 500 listing. 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. --------------------------------------------------------------------------------