CHIP Verichip (MM)

Applied Digital (NASDAQ:ADSX), a leading provider of identification and security technology, announced today that Chief Executive Officer Michael Krawitz will present to institutional investors at the AeA Micro Cap Financial Conference in Monterey, CA on May 8, 2007 at 1:15 p.m. PT. A live webcast of this presentation will be available on the Company�s web site under the News/Events icons. AeA is the largest association of high-tech companies in the United States with approximately 2,500 companies, representing all segments of the industry and 1.8 million employees. The AeA Micro Cap Financial Conference provides public technology companies an environment to present their technologies, strategic missions, trend analysis and other significant information to investors specifically interested in micro-cap companies. More information is available at www.aeanet.org. 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.