|
DIGITAL ANGEL’S CATTLE TAG SALES IN ARGENTINA NOW EXCEED 1.4
MILLION FOR 2006
Recent order of 160,000 Cattle Tags continues to expand
DA’s market share in South America SO. ST. PAUL, MN (April 19,
2006) … 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, announced today
that it has received a new order for 160,000 cattle tags, raising 2006
orders to over 1.44 million cattle tags in Argentina. The company has now
exceeded by over 30 percent the total of 1.1 million orders for the entire
year of 2005.
Digital Angel President and Chief Executive Officer
Kevin McGrath said this new order combined with the approval of our visual
and electronic tags in Chile is certainly good news and shows our
increased penetration of the South American Markets. The rapidly expanding
orders demonstrate that the Company is becoming a significant presence in
Argentina, one of the most important cattle markets in the world with an
estimated 55 million head of cattle throughout the country and is
expanding on this strength in other countries in South America.
“I
am very enthusiastic with the success of our Argentine operation,
specifically that we have exceeded our entire 2005 output by over 30
percent in just the first three and a half months of 2006,” McGrath said.
“We will continue to focus on making Argentina a very strong and growing
market as well as expanding into new markets in South America. Our
top-notch team and their strong distribution network and excellent
customer service is expanding our sales base at a tremendous
pace.”
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 humans, pets, fish,
poultry and livestock 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 majority-owned by Applied
Digital Inc. (Nasdaq:ADSX). For more information about Digital Angel,
please visit 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. 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, Applied Digital
Solutions, Inc. owns 55.4% of the Company’s common stock, 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
assts, 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.
|
