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Technology Stocks : ADSX -- Ignore unavailable to you. Want to Upgrade?

To: ghostpoet who wrote (1093)	11/18/2002 2:07:09 PM
From: james-rockford	Read Replies (1) \| Respond to of 1129

Applied Digital Solutions Will Begin to Trade on The Nasdaq SmallCap Market Effective November 12, 2002 Friday November 8, 1:40 pm ET PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 8, 2002--Applied Digital Solutions, Inc. (Nasdaq: ADSX - News), an advanced technology development company, announced today that its securities will begin trading on the Nasdaq SmallCap Market effective Tuesday, November 12, 2002, under its existing stock symbol: ADSX. Commenting on the move to Nasdaq SmallCap, Scott R. Silverman, President of Applied Digital Solutions, stated: "Since January 2, 2002 - when Nasdaq reinstated certain listing requirements following the terrorist attacks on 9/11 - the Nasdaq rules allow companies the opportunity to transfer to the SmallCap Market if, like Applied Digital, they are not in compliance with the $1.00 per share minimum bid price requirement. If Applied Digital continues to comply with the other SmallCap listing requirements, it expects to have until July 2003 to get its share price above $1.00 for more than 10 consecutive trading days to maintain its SmallCap listing. Also, if the Company continues to comply with all other National Market continued listing requirements, the Nasdaq rules will allow it to regain its National Market listing if its share price exceeds $1.00 for over 30 consecutive trading days." Silverman continued: "With the recent FDA ruling, revenue opportunities for VeriChip, domestically and internationally, as well as progress in the remainder of our business lines, we are optimistic that we can regain National Market listing within the prescribed time frame." About VeriChip(TM) VeriChip is a miniaturized radio frequency identification device (RFID) that can be used in a variety of security, financial, emergency identification and healthcare applications. About the size of a grain of rice, each VeriChip product contains a unique verification number and will be available in several formats, some of which will be insertable under the skin. The verification number is captured by briefly passing a proprietary scanner over the VeriChip. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. "Getting chipped" is a simple, outpatient procedure that lasts just a few minutes and involves only local anesthetic and insertion of the chip. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions. About Applied Digital Solutions, Inc. Applied Digital Solutions is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. The Company's Advanced Technology Group offers a complete CRM solution to commercial and government customers, as well as a full array of security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions is the beneficial owner of a majority position in Digital Angel Corporation (AMEX: DOC - News). For more information, visit the Company's website at adsx.com. biz.yahoo.com