DOC - Digital Angel's Cattle Tag Sales in Argentina Now Exceed 1.4 Million for 2006
Wednesday April 19, 7:30 am ET
Recent Order of 160,000 Cattle Tags Continues to Expand DA's Market Share in South America
SO. ST. PAUL, Minn., April 19 /PRNewswire-FirstCall/ -- Digital Angel Corporation (Amex: DOC - News), 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 - News). For more information about Digital Angel, please visit www.DigitalAngelCorp.com.