Scott R. Silverman Resigns as Chairman of Applied Digital's Board of Directors to Place Added Focus on VeriChip Corporation
03 7월 2007 - 9:30PM
Business Wire
Applied Digital (NASDAQ:ADSX), a leading provider of identification
and security technology, today announced Scott R. Silverman has
resigned as Chairman of the Company�s board of directors. Michael
E. Krawitz, Applied Digital�s Chief Executive Officer, has assumed
Mr. Silverman�s place on the Company�s board, and Daniel E. Penni,
an existing Applied Digital board member, has become Chairman. Mr.
Silverman is Chairman and CEO of VeriChip Corporation, which is a
majority-owned subsidiary of Applied Digital. Mr. Silverman stated,
�After several years at the helm of Applied Digital, it is the
appropriate time for me to step down from the board in order to
focus all of my attention on growing VeriChip, the world�s premier
RFID company for people with an emphasis on healthcare. I am proud
of what the board and executive management team of Applied Digital
accomplished during my tenure as Chairman and believe the Company
has exciting times ahead. It is clear that Michael and Dan are
great leaders and will continue to move the company forward.� Mr.
Penni commented, �I am honored to assume the role of Chairman at
Applied Digital and look forward to a productive future. We will
continue to focus on improving operations and enhancing
profitability at all of our subsidiaries. Although we will miss
having Scott on our board, we feel this is the right decision at
the right time. By stepping down, Scott will be able to devote 100
percent of his attention to VeriChip, which is one of Applied
Digital�s most important assets.� 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.
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