Digital Angel to Present at Thomas Weisel Partners GPS & RFID Conference in San Francisco
May 05 2006 - 8:00AM
PR Newswire (US)
SO. ST. PAUL, Minn., May 5 /PRNewswire-FirstCall/ -- Digital Angel
Corporation (AMEX:DOC), an advanced technology company in the field
of rapid and accurate identification, location tracking, and
condition monitoring of high-value assets today announced that it
will present at the Thomas Weisel Partners GPS and RFID Conference
on Wednesday, May 24th at 9:30 am PDT. The conference will take
place at the Thomas Weisel Headquarters in San Francisco. Kevin
McGrath, President and CEO of Digital Angel, will present the
company's latest RFID implementations for pets, fish, poultry,
livestock, and humans. He will also discuss the firm's GPS
capabilities in the transport and military aviation markets. About
Digital Angel Corporation Digital Angel Corporation develops and
deploys sensor and communications technologies that enable rapid
and accurate identification, location tracking, and condition
monitoring of high-value assets. Applications for the Company's
products include identification and monitoring of pets, fish,
poultry, livestock, and humans through its patented implantable
microchips; location tracking and message monitoring of vehicles
and aircraft in remote locations through systems that integrate GPS
and geosynchronous satellite communications; and monitoring of
asset conditions such as temperature and movement, through advanced
miniature sensors. Digital Angel Corporation is a majority-owned
subsidiary of Applied Digital (NASDAQ:ADSX). For more information
about Digital Angel, visit the company's website at
http://www.digitalangelcorp.com/. The statements in this press
release that are not strictly historical, are "forward-looking"
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934 and
are intended to be covered by the safe harbors created by these
sections. Applied Digital Inc. owns 55.4% of the Company's common
stock. The forward- looking statements are subject to risks and
uncertainties and the actual results that the Company achieves may
differ materially from these forward- looking statements due to
such risks and uncertainties, including, but not limited to, new
accounting pronouncements regarding expensing of share based
compensation may impact the Company's future results of operations,
the Company may continue to incur net losses, infringement by third
parties on the Company's intellectual property or development of
substantially equivalent proprietary technology by the Company's
competitors could negatively impact the Company's business,
domestic and foreign government regulation and other factors could
impair the Company's ability to develop and sell its products in
certain markets, the Company relies on sales to government
contractors for its animal identification and search and rescue
beacon products, and any decline in the demand by these customers
for such products could negatively affect the Company's business,
the Company depends on a single production arrangement for its
patented syringe-injectable microchips, and the loss of or any
significant reduction in the production could have an adverse
effect on the Company's business, technological change could cause
the Company's products to become obsolete, the loss of one of the
Company's principal customers could negatively impact the Company's
net revenue, the Company's earnings will decline if the Company
writes off goodwill and other intangible assets, options and
warrants outstanding and available for issuance may adversely
affect the market price of the Company's common stock, currency
exchange rate fluctuations could have an adverse effect on the
Company's sales and financial results, the Company depends on a
small team of senior management. A detailed statement of risks and
uncertainties is contained in the Company's reports to the
Securities and Exchange Commission, including in particular the
Company's Form 10-K for the fiscal year ended December 31, 2005.
Investors and stockholders are urged to read this document
carefully. The Company can offer no assurances that any
projections, assumptions or forecasts made or discussed in this
release will be met, and investors should understand the risks of
investing solely due to such projections. The Company undertakes no
obligation to revise any forward-looking statements in order to
reflect events or circumstances that may arise after the date of
this press release. Contact: Allen & Caron Inc Michael
Lucarelli (investors) Brian Kennedy (media) 212-691-8087
212-691-8087 DATASOURCE: Digital Angel Corporation CONTACT:
Investors, Michael Lucarelli, , or Media, Brian Kennedy, , both of
Allen & Caron Inc, +1-212-691-8087, for Digital Angel
Corporation Web site: http://www.digitalangelcorp.com/
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