adsx news - 500 Beiträge pro Seite

[V51]

das wars dann wohl, die 0,10 rückt an


(COMTEX) B: PRER 14A: ADSX Vote; Stk Issue/Convert Debs; Rev Split [delaye
]
B: PRER 14A: ADSX Vote; Stk Issue/Convert Debs; Rev Split [delayed]

Ridgeland, MS, SEP 10, 2003 (EventX/Knobias.com via COMTEX) -- A Special
Meeting of Shareholders of Applied Digital Solutions, Inc. (NasdaqSC: ADSX) will
be held at the West Palm Beach Marriott Hotel, 630 Clearwater Park Road, West
Palm Beach, Florida 33401, on September 10, 2003, at 8:00 a.m. Eastern Daylight
Time, for the following purposes:

1. To approve the potential issuance of more than 7,210,679 shares of the
Company`s common stock upon the conversion of the Company`s $10,500,000
aggregate principal amount of 8.5% Convertible Exchangeable Debentures and
exercise of related Stock Purchase Warrants, which share amount in excess of
7,210,679 shares represents 20% or more of the outstanding common stock of the
Company on a pre-transaction basis when combined with the 50,000,000 shares of
common stock issued by the Company under three separate securities purchase
agreements dated May 8, 2003, May 22, 2003, and June 4, 2003;

2. To approve the issuance of up to 30,000,000 shares of the Company`s common
stock after effectiveness of the Company`s registration statement on Form S-1
(File No. 333-106300), which was filed with the Securities and Exchange
Commission on June 20, 2003, which share amount when combined with the issuance
of the Debentures, Warrants and common stock issued pursuant to the Securities
Purchase Agreements, represents more than 20% of the outstanding common stock of
the Company on a pre-transaction basis; and

3. To approve the granting of discretionary authority to the Board of Directors,
for a period of twelve months after the date the Company`s shareholders approve
this proposal, to approve a reverse stock split in a ratio not to exceed
1-for-25, to determine the effective date of the reverse stock split, and to
file an amendment to the Company`s Third Restated Articles of Incorporation, as
amended, effecting the reverse stock split of the Company`s common stock, or to
determine not to proceed with the reverse stock split.

Misc Releated Info:

** Original Confirmation

GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by at least 10 minutes. To get all Knobias alerts in real-time daily,
visit http://www.knobias.com/cmtx

ABOUT KNOBIAS: Knobias is a premier financial information provider of trading
and investing data covering all U.S. equities for investors and security
professionals. Knobias is best described by its three major components:
Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
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documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.


CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
[e-mail]
www.knobias.com/cmtx


Copyright 2003 Knobias.com, LLC, All rights reserved.

-0-


SUBJECT CODE: Misc Corp Action
Shareholder Issues

*** end of story ***

[Wunram]

ist doch schon seit mindestens 13.8.2003 bekannt

[V51]

kam eben über comtex, na mal sehn

[kebab]

ADSX
Applied Digital Solutions, Inc. Nasdaq-SCM


Back to Headlines | Previous Story



VeriChip Corporation Receives Initial Purchase Orders for over 700 Subdermal RFID VeriChips and 60 Proprietary Scanners for Colombia and Venezuela

Product shipments expected to begin next week

PALM BEACH, Fla., Sep 19, 2003 (BUSINESS WIRE) -- Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, today announced that its wholly owned subsidiary, VeriChip Corporation, has received initial purchase orders for over 700 subdermal VeriChips and 60 proprietary scanners from its exclusive distributor for Colombia and Venezuela. Product shipments are expected to begin next week.

About the size of a grain of rice, VeriChip(TM) is the world`s first subdermal, radio frequency identification (RFID) microchip that can be used in a variety of security, financial, emergency identification and other applications.

The Company announced on July 23, 2003, that it had signed exclusive, five-year distribution agreements for the countries of Colombia and Venezuela. The distributor for both countries is headquartered in Bogota, Colombia.

Under the terms of the distribution agreements, the distributor must meet annual minimum purchase requirements in order to maintain exclusive distribution rights in each country. Over the five years covered by these agreements, the minimum purchase requirement for Colombia and Venezuela combined - not including the initial purchase orders announced today - is 27,000 VeriChips and 1,380 scanners.

The distributor for Colombia and Venezuela specializes in security and healthcare information solutions and plans to market VeriChip in both countries in a wide range of security, emergency identification and healthcare information areas.

About VeriChip(TM)

VeriChip is a subdermal, radio frequency identification (RFID) device that can be used in a variety of security, financial, emergency identification and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number that 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. In October 2002, the US Food and Drug Administration (FDA) ruled that VeriChip is not a regulated device with regard to its security, financial, personal identification/safety applications but that VeriChip`s healthcare information applications are regulated by the FDA. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions (Nasdaq: ADSX). For more information about VeriChip, visit www.adsx.com.

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. Through its Advanced Technology Group, the Company specializes in 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 owns a majority position in Digital Angel Corporation (AMEX: DOC). For more information, visit the Company`s website at http://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. 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.

SOURCE: Applied Digital Solutions, Inc.

CEOcast, Inc.
Investors: Ken Sgro, 212-732-4300
[e-mail]
or
Ovations International, Inc.
Media: Matthew Cossolotto, 914-245-9721
[e-mail]

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