CHIP Verichip (MM)

Applied Digital (NASDAQ:ADSX), a leading provider of identification and security technology, announced today that it plans to issue its 2007 first quarter financial results for the period ended March 31, 2007, on Tuesday, May 8, 2007, at 8:00 a.m. EDT. That same day, the Company will hold a conference call to discuss the results. The conference call will take place at 9:00 a.m. EDT. Interested participants should call (866) 323-2725 within the United States or (706) 643-1836 internationally. Please use passcode 7227386. The playback of the conference will be available two hours after the completion of the call for seven days. To listen to the playback, please call (800) 642-1687 within the United States or (706) 645-9291 internationally. Please use passcode 7227386. The call will also be webcast and will be available on the Company's web site at www.adsx.com in the Investor Relations section under "Audio Archives." About Applied Digital - "The Power of Identification Technology" Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification technology. Applied Digital is the owner of majority positions in Digital Angel Corporation (AMEX:DOC) and VeriChip Corporation (NASDAQ:CHIP). 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.