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DIGITAL ANGEL TO PRESENT AT THOMAS WEISEL PARTNERS GPS &
RFID CONFERENCE IN SAN FRANCISCO
SO. ST. PAUL, MN (May 5, 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 today announced that it will present at the Thomas
Weisel Partners GPS and RFID Conference on Wednesday, May 24th at 9:30 am
PDT. The conference will take place at the Thomas Weisel Headquarters in
San Francisco.
Kevin McGrath, President and CEO of Digital Angel,
will present the company’s latest RFID implementations for pets, fish,
poultry, livestock, and humans. He will also discuss the firm’s GPS
capabilities in the transport and military aviation markets.
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 pets, fish, poultry, livestock, and
humans 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 a
majority-owned subsidiary of Applied Digital (Nasdaq:ADSX).
For
more information about Digital Angel, visit the company’s website at 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. Applied Digital Inc. owns 55.4% of the
Company's common stock. 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, 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
assets, 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.
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