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September 2, 2004

SpeculatingStocks.com Stock Pick: Applied Digital Solutions, Inc. (ADSX)

Stock Price: $2.17


We believe that ADSX will once again run up in the near future.

Applied Digital Solutions, Inc. is an advanced technology development company involved in radio frequency identification (RFID), systems integration, and telecommunications. Their main focus is RFID through ADSX and their majority owned company Digital Angel Corp (DOC).

In the November 2003 issue of Business 2.0, there was a list of the top 10 technologies to watch in 2004. RFID was listed as the #2 technology to watch in 2004. Wal-Mart is requiring all of its suppliers to use RFID tags.

The company recently reported a 29% jump in revenues for Q2, 2004 over the same period last year and an increase of 22% in gross profit. They generated $26.3 million in revenue with a gross profit of $7.2 million.

Digital Angel Corp and Applied Digital Solutions are both expanding their operations through patents, contracts, and distribution agreements. ADSX now has major momentum to break out of its current trading level.

 
     
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