TWPG Thomas Weisel Prtns Grp (MM)

SO. ST. PAUL, Minn., May 17 /PRNewswire-FirstCall/ -- 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 provide a live audio webcast of President & CEO Kevin McGrath's presentation at the Thomas Weisel Partners GPS and RFID Conference on Wednesday, May 24th at 9:30 am PDT. The conference and webcast will take place at the Thomas Weisel Headquarters in San Francisco. The live webcast will be available by going to the company's website at http://www.digitalangelcorp.com/ and clicking on the Thomas Weisel Conference link. A replay of the webcast will be available later that day. The webcast can also be accessed by going to http://www.veracast.com/webcasts/twp/gps_rfid06/35103127.cfm Mr. McGrath will present the current view of the Company's prospects relating to livestock, pets, humans, fish and poultry. He will also discuss the firm's GPS capabilities in the commercial and military aviation markets. Thomas Weisel Partners (NASDAQ:TWPG) is an investment bank specializing in the growth sectors of the economy including the technology, healthcare and consumer sectors. 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. 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; that Applied Digital Inc. owns 55.4% of the Company's common stock; that 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. Contact: Allen & Caron Inc Michael Lucarelli (investors) Brian Kennedy (media) 212-691-8087 212-691-8087 DATASOURCE: Digital Angel Corporation CONTACT: Investors, Michael Lucarelli, , or Media, Brian Kennedy, , both of Allen & Caron Inc, +1-212-691-8087, for Digital Angel Corporation Web site: http://www.digitalangelcorp.com/ http://www.veracast.com/webcasts/twp/gps_rfid06/35103127.cfm

Copyright