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Date Posted: 12:05:55 05/23/00 Tue
Author: warren
Subject: ADSX news....
In reply to: Marty 's message, "ADSX, anyone know?" on 11:45:52 05/23/00 Tue

> My alert went off at 5 even, indicating that it just
> sold. I bought if back at 4 5/8 moments later because
> the volume and price swing is violent on no news I can
> find. Ffiv and Rbak both have made similar movements
> as have others shortly before significant news has
> come out. What is up with the volume surge?



Tuesday May 23, 2:33 pm Eastern Time
Company Press Release
ATEC Group and Applied Digital Solutions Agree to Terminate Letter of Intent
HAUPPAUGE, NY--(BUSINESS WIRE)--May 23, 2000--ATEC Group, Inc. (NASDAQ: ATEC - news), a major system integrator and provider of a full line of information technology products and services, and Applied Digital Solutions, Inc. (NASDAQ: ADSX - news), today announced the termination of the letter of intent that called for Applied Digital Solutions to acquire ATEC Group. Market conditions were cited for the termination. As announced May 5, 2000, Applied Digital Solutions and ATEC Group had entered into a letter of intent for the acquisition in an all-stock transaction.

Surinder Rametra, chairman and CEO of ATEC Group, commented on the termination: ``While we feel that the shareholders of Applied Digital Solutions and ATEC Group could benefit greatly from the proposed acquisition, now is not the time to move forward. The market conditions dictate that we terminate the letter of intent.''

Richard J. Sullivan, chairman and CEO of Applied Digital, elaborated on the decision: ``We are working within extremely difficult market conditions. In this environment, acquisitions, regardless of their synergies or benefits to the top and bottom lines, are not being well received. Although our acquisition of ATEC represented potential for a positive long-term relationship, we have determined that it is in the best interest of our collective shareholder base to terminate the letter of intent at this time.''

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