More than 37 percent of respondents
to the poll said their current meat
safety confidence is high -- at least 8 on a 10-point scale
(1=not confident,
and 10=very confident). Overall, current consumer confidence in the meat supply
averaged
6.
"There is an indication that consumers may pay a modest amount more for
traceability
. Livestock producers could record the age, source and breeds of their
animals, along with feed, animal
health, and other production data that may be
important to buyers, both domestically and abroad.
Bendheim and his family exchanging all
of their shares of Series A Preferred Stock and Class B Common
Stock
and Mr. Early Detection of Increased Temperature May Prove Pivotal to Identification
and Control of Avian Flu Outbreaks
SO.
"Just as we made our identification
products available to Gulf Coast
communities in the aftermath of Hurricane Katrina, we believe that
our
proprietary technology should be made available to threatened countries and
researchers working
to control the spread of avian flu," said McGrath. For more information about Digital Angel, please
visit
http://www.deserts shellfish
The consumer survey was sponsored by Global Animal
Management Inc. The NAIS
proposal, recently unveiled by the U.S.5
under a mandatory system, compared with 5.
NAIS is
a disease management tool for industry and government and does not
require consumer products to be
identified accordingly in stores. They like what they
have but will take more if it is at little
or no cost," says Lawrence.
, 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, announced today that it will introduce its patented
Bio-Thermo(TM) (temperature
-sensing) implantable RFID microchip and related
identity system to international poultry/bird markets
with the initial
geographic emphasis in Asia. Since
early detection of temperature increases could
be important to identifying and
controlling bird flu outbreaks, our Bio-Thermo identity system may
prove
instrumental in dealing with the disease in a cost effective manner within the
confines
of a poultry farm.
Contact: Allen + Caron Inc
Michael Lucarelli (investors
) Brian Kennedy (media)
212-691-8087 212-691-8087
brian@allencaron.spawning gd
When asked what they would do if offered a choice between meat and
poultry
products identified as being tracked through NAIS, or products that aren't
identified
, most consumers -- 55. This is consistent with other research., is a subsidiary of Schering-Plough
Animal
Health Corporation, the worldwide animal health business of the
Schering-Plough Corporation
(NYSE: SGP). Through internal research and collaboration with
partners, Schering-Plough discovers
, develops, manufactures and markets
advanced drug therapies to meet important medical needs., and
its Web site is http://www. In
connection with the release of the proceeds of the HoldCo Notes and
following the redemption of the Company's Series C Preferred Stock,
Mr.
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.DigitalAngelCorp. 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, 2004.invertebrate microlivestock
com. PAUL, Minn. 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.tidal shellfish
(GAM), a leading provider of animal and premises
identification systems. meat
supply and an additional
step that is mandatory will increase their confidence," noted Dr. Jefferies
+ Company, Inc. Securities
and Exchange Commission.
Until now the Company has focused its
implantable RFID temperature sensing
system on the companion pet and equine marketplace.spawning pasture
Of those
, more
than 25 percent have been registered using the Global Animal Management
Premises Management
System (GPMS).gezondheidsdienst posieux
Under the NAIS, authorities would be able to
quickly locate specific animals to prevent
the spread of livestock diseases,
such as mad cow disease.
"The industry at all levels has worked
hard to protect animal health and
provide safe products. Interest on
the HoldCo Notes is payable
at the option of PAHC Holdings in cash or
pay-in-kind HoldCo Notes.shellfish microlivestock
As of mid-May, USDA had
registered and assigned unique premises
identification numbers to 74,340 farms and ranches nationwide
.S.Websites concerned with the science and practices involved in raising animals under agricultural conditions
, for meat, dairy or draft.
husbandry phytoplankton
Nearly 55 percent
of those polled said their confidence would then be
high (8-10), and those who
said their confidence will remain low (1-3) declined to less than 4 percent
.
Heinle adds: "It is extremely difficult to predict what impact NAIS
implementation will
have on consumer behavior, since many factors enter into
food purchase decisions."
ID
system presents other opportunities
In addition to bolstering consumer confidence, Heinle says
that NAIS
presents other value-added opportunities to the livestock industry.
Information
captured using NAIS technologies also can be integrated into
retail grocery and foodservice logistics
, quality control and traceability
processes, such as radio frequency identification (RFID), or bar
-coding
systems.
The comprehensive identity system includes the
implantable Bio-Thermo
microchip and related identity and temperature-sensing
scanners that allow early identification of
temperature increases in
individual birds which may permit rapid identification and control of an
outbreak of bird flu or other avian diseases.hatchery spawning
"Consumers are already confident in the U.
PAHC
Holdings was formed by Jack Bendheim, Marvin S. "As disease and
bio-terrorism increasingly threaten
the global food chain and the health of
humans and livestock, the Company has targeted new applications
in this area,"
said Kevin McGrath, President and CEO of Digital Angel. He also noted that the
Company
's identity microchips have already been used in avian identification
applications. "We
have had
200,000 bio-thermo chips manufactured for this and companion pet
applications and we are immediately
prepared to work with research
institutions and government entities on any further research necessary
to
control avian flu.
Digital Angel Corporation is majority-owned by Applied Digital Inc
.pasture agroscope
5 on a 10-point scale.2
percent said they would chose the "identified" product regardless of price
,
and 12 percent indicated that they would continue to buy the lowest-priced
products, no matter
what. A proactive approach like NAIS certainly will help
maintain the consuming public's vote of
confidence, by strengthening both the
reality and perception that our meat supply is among the safest
in the world. NAIS
provides the potential for the industry to gather and manage information that
may help maintain global markets and ensure consumer confidence in the food
system.schering-plough
. Bendheim exchanging fifty percent (50%) of his shares of Class
A Common Stock, for the same number
and class of shares of PAHC
Holdings, having the same designations, relative rights, privileges
and
limitations as the Company's shares of such class.
Company Description
The Company is
a leading diversified global manufacturer and
marketer of a broad range of animal health and nutrition
products,
specifically medicated feed additives ("MFAs") and nutritional feed
additives, which
the Company sells throughout the world predominantly
to the poultry, swine and cattle markets. Such
forward-looking information
involves risks and uncertainties that could cause actual results to
differ
materially from those expressed in any such forward-looking
statements.
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 the Company's majority stockholder, Applied Digital Inc.
invertebrate commercially
KENILWORTH
, N.S.8 for a voluntary one. Bendheim will contribute to PAHC Holdings the balance of the
Company
's Class A Common Stock, the Company's voting stock, resulting
in PAHC Holdings owning all of the
outstanding capital stock of the
Company, and all of the Company's Class A Common Stock will be pledged
as security for the HoldCo Notes. If on March 1, 2005, the Company has
not redeemed its outstanding
Series C Preferred Stock from escrow,
PAHC Holdings will be required to redeem the HoldCo Notes,
primarily
with the proceeds of the HoldCo Notes placed in escrow.swine biotechnical
This USDA-approved system integrates
seamlessly with the GAM VeriSource system to track movements of groups of
livestock and individual
animals, and simultaneously manage value-added data. The proceeds from the sale of the
HoldCo Notes
, upon release from escrow, will be used, directly or
indirectly, to redeem the Company's Series C
Preferred Stock, all of
which is held by Palladium Equity Partners II LP and certain of its
affiliates
. The system is in testing
phases for other livestock such as cattle and swine.apiculture hatchery
Consumer Poll: Food
Safety Confidence Will Improve With Mandatory National Animal Identification System
The
Company
is also a specialty chemicals manufacturer and marketer,
serving numerous markets."
"Our decision
to target the poultry markets is an extension of the success
we've had in implantable microchips
in Asia and elsewhere. "As the only provider of temperature sensing RFID microchips in
the world
for livestock, the detection of elevated temperatures in avian
populations represents a new yet natural
application of our technology.shellfish pasture
Fifty-eight
percent of consumers polled said they would be highly
confident (8-10) if NAIS
is required, compared with only 28.
Farms and ranches being registered
As proposed, NAIS wouldn't become mandatory until January 2009, but tools
are in place now
to allow livestock producers to easily capture the needed
information. Sussman and
trusts for
the benefit of Mr. Clearly we have
sold more implantable microchips for animals than anyone in the
world,"
McGrath said.
(Nasdaq: ADSX).microlivestock shellfish
"
Mandatory system improves confidence
The GAM-sponsored poll shows that consumers may be even more confident in
meat and poultry safety
if participation in NAIS is mandatory, rather than
voluntary. Only 13. As a first step, NAIS already
has begun registering the farms and
ranches, or "premises," where animals are located. Schering
-Plough's
vision is to earn the trust of the physicians, patients and customers served
by its more
than 30,000 people around the world.Phibro Animal Health Corporation Announces Formation of Holding
Company and Issuance by Holding Company of Notes to Finance Redemption of Series C Preferred St
Currently
, such
pledge covers all of the Company's Series A Preferred Stock and Class
B Common Stock, the
Company's non-voting classes of stock.bivalve snails
This survey shows that the ability to trace livestock
diseases
through a national identification system may be a tool to raise
consumer confidence even further
.
"Although there are thousands of premises yet to be registered, we're
seeing good progress
," says Heinle, adding that GAM applauds USDA efforts to
accelerate consensus on how NAIS will be
implemented.
Business Editors/Chemicals Writers
RIDGEFIELD PARK, N. It is contemplated
that such redemption will occur on or
before February 28, 2005. MFAs are used preventively
and
therapeutically in animal feed to produce healthy livestock.pasture tidal
Department
of Agriculture, calls for
mandatory reporting of the movements of cattle,
hogs, poultry and other meat-producing livestock
by January 2009. Only 10 percent of respondents rated their confidence
as low (1-3). "This research
showed that
confidence in the current system and NAIS seemed to increase with age,
education and
income. But in the
future, individual retailers or suppliers might partner with industry
producers
to provide traceability information voluntarily.
Global Animal Management, Inc.J. acted as the
initial purchaser of the HoldCo Notes.
Forward-Looking Statements
This news release
contains statements that, to the extent that
they are not recitations of historical fact, constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act
of 1995, Section 21E of the
Securities Exchange Act of 1934. These risks and uncertainties include
, but are not limited
to, the Company's substantial leverage and potential inability to
service
its debt; the Company's dependence on distributions from its
subsidiaries; risks associated with
the Company's international
operations and significant foreign assets; the Company's dependence on
its Israeli operations; competition in each of the Company's markets;
potential environmental
liability; potential legislation affecting the
use of medicated feed additives; extensive regulation
by numerous
government authorities in the United States and other countries; the
Company's reliance
on the continued operation and sufficiency of our
manufacturing facilities; the Company's reliance
upon unpatented trade
secrets; the risks of legal proceedings and general litigation
expenses;
potential operating hazards and uninsured risks; the risk of
work stoppages; the Company's dependence
on key personnel; and other
factors discussed in the Company's filings with the U.
"Leo is
an eight year veteran of Digital Angel and, because he has broad
experience in Asia and other international
markets, he is ideally suited to
leading this effort," McGrath said.com
pasture attain
GAM is a wholly
owned subsidiary of Schering-Plough
Animal Health Corporation, the worldwide animal health business
of the
Schering-Plough Corporation (NYSE: SGP).
(Photo: http://www.newscom.com/cgi-bin/prnh
/20050623/NYTH095 )
Survey results
The GAM-sponsored poll of 1,000 U. consumers, conducted
in mid-May,
shows that consumers already have considerable confidence in the nation's meat
and
poultry supply, but their confidence levels could jump even higher once
NAIS is in place.
"We are glad to know that consumers feel good about the integrity of the
meat and poultry supply
- as they should," says Jim Heinle, president of GAM. Schering-Plough is a global,
science-based
health care company with leading prescription, consumer and
animal health products.J. 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.deserts gezondheidsdienst
John
Lawrence, director of the
Iowa Beef Center."
Respondents also said they believe that NAIS will give farmers and
ranchers
the information they need to protect livestock and poultry from
animal diseases -- 42 percent would
be highly confident, and only 5.6 percent -- said they would chose the
"identified" product, but
only if the price wasn't too much higher. ST.swine gezondheidsdienst
According to the survey, if NAIS were to be implemented
, average consumer
confidence in meat safety and security would jump to 7. The company is based in
Kenilworth, N.
The HoldCo Notes are to be secured by all of PAHC Holding's assets
(now consisting
solely of capital stock of the Company and, until
disbursed, proceeds of the HoldCo Notes in escrow
)."
McGrath said Leo Ortenblad, Managing Director of Digital Angel's
International Animal Applications
sales activities, will lead the initiative.gd grassland
Investors and stockholders
are urged to read this document
carefully.commercially swine
On the same 10-point scale, average consumer confidence is 7.----Phibro
Animal Health
Corporation (the "Company"), announced today the
formation of PAHC Holdings Corporation ("PAHC Holdings
"), a holding
company for the capital stock of the Company formed by certain of the
shareholders
of the Company, and the successful completion of a
private offering by PAHC Holdings of $29 million
of its senior secured
notes due 2010 ("HoldCo Notes").com.
owns 55.4% of the Company's common
stock; that new accounting pronouncements
may impact the Company's future results of operation; that
the Company may
continue to incur losses, that infringements by third parties on the Company's
intellectual
property or development of substantially equivalent proprietary
technology by the Company's competitors
could negatively affect the Company's
business; that domestic and foreign government regulation and
other factors
could impair the Company's ability to develop and sell the Company's products
in
certain markets; that the Company relies on sales to government contractors
of its animal identification
products, and any decline in the demand by these
customers for the Company's products could negatively
affect the Company's
business; that the Company depends on a single production arrangement for its
patented syringe-injectable microchips; that the Company depends on principal
customers; that
the Company competes with other companies and the products
sold by the Company's competitors could
become more popular than the Company's
products or render the Company's products as obsolete; that
the Company's
earnings will decline if the Company must write-off goodwill and other
intangible
assets; that the exercise of options and warrants outstanding and
available for issuance may adversely
affect the market price of the Company's
common stock; that currency exchange rate fluctuations could
have an adverse
effect on the Company's sales and financial results; and that the Company
depends
on a small team of senior management and the Company may have
difficulty attracting and retaining
additional personnel. 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.larval agroscope
J.1 percent who said they would feel highly
confident if the system
is optional. The HoldCo
Notes and such security interest are effectively subordinated to all
liabilities
, including the Company's and its subsidiaries' trade
payables, as well the Company's indenture indebtedness
.Digital Angel Corporation to Introduce Its Proprietary Bio-Thermo(TM) (Temperature-Sensing) Implantable
RFID Microchip and Identity System for Use in Avian Flu
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.snails husbandry
, A recent poll shows that
consumers
will become even more confident in the safety and security of the
nation's meat and poultry supply
if a mandatory National Animal Identification
System (NAIS) is implemented.4.S.6 percent
would
have low confidence.grassland spawning
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