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Spidey
Monday, June 20, 2005, 7:35:38pm Quote Report to Moderator
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Watch for news from them any day.
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Spidey
Tuesday, June 21, 2005, 5:50:44pm Quote Report to Moderator
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Advanced ID Corporation (OTCBB:AIDO), a complete solutions provider in the radio frequency identification (RFID) and traceability market for the animal industry, concluded an agreement to acquire a controlling interest in AFG Asia Engineering Co., Ltd. (AAE) to strengthen its resources in the RFID identification market. AAE is a recognized leader in the design and development of ultra high frequency (UHF) RFID technology. The agreement becomes effective July 1, 2005.

Operating from its Chiang Mai, Thailand office, AAE has ten employees focused primarily on the design, development, production and project management of UHF RFID products in Asia and Europe. The company has successfully designed and developed products for the livestock identification and traceability industry.

Barry Bennett, President and CEO of Advanced ID Corporation, stated, "The global livestock industry continues to move towards mandatory RFID identification and our acquisition of AAE provides us with the requisite resources to capture this growth."

"The livestock industry requires a system that is able to read multiple tags for expedient processing and transportation, operate in environments with metal and machinery, provide long read ranges, and must be inexpensive to implement. Throughout the world, we have demonstrated how our UHF products are meeting these requirements. AAE will enhance our resources in UHF RFID and which we expect will strengthen our position in the livestock identification market", added Bennett.

About Advanced ID Corporation

Advanced ID Corporation is a complete solutions provider in the radio frequency identification (RFID) and traceability market for the animal industry. RFID provides a means to positively identify and track animals or objects. Advanced ID markets low frequency RFID microchips, scanners, and its pet recovery database to the companion animal and biological sciences markets. Advanced ID also markets its ultra high frequency DataTRAC(TM) tags, readers, and software solutions to minimize or eliminate the impact of biosecurity and food safety issues related to the livestock industry. For more information, please visit the company's website at http://www.advancedidcorp.com.

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