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Filed by Destron Fearing Corporation
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Destron Fearing Corporation
Commission file No. 0-19688
FROM: FOR:
BlueFire Partners Destron Fearing Corp.
1300 Fifth Street Towers, 150 S. 5th St. 490 Villaume Avenue
Minneapolis, Minn. 55402 South St. Paul, Minn. 55075
Contact- Doug Ewing or Tom Langenfeld Contact-Tom Patin (651) 455-1621
(612) 371-0000
FOR IMMEDIATE RELEASE
DESTRON FEARING CORPORATION TO ADJOURN SPECIAL SHAREHOLDER
MEETING TO AUGUST 25, 2000
SOUTH ST. PAUL, Minn., August 7--Destron Fearing Corporation (Nasdaq:DFCO)
announced today that its special shareholder meeting scheduled for August 8,
2000, at 1:00 pm at the Sheraton Midway Hotel, I-94 at Hamline Ave., St. Paul,
MN, will commence as scheduled, but will be adjourned to 1:00 pm CDT on August
25, 2000, at the same location. This meeting had been scheduled to vote on the
proposed acquisition of Destron Fearing Corporation by Applied Digital
Solutions, Inc. (Nasdaq:ADSX). Destron currently has a sufficient number of
shares to constitute a quorum, but will adjourn its special meeting of
shareholders to coordinate the action of its shareholders with the actions of
Applied Digital's shareholders.
Destron Fearing Corporation, based in South St. Paul, Minn., has been
in the animal identification business since 1945 and manufactures a broad line
of electronic and visual identification devices and information systems for
companion animals, livestock, laboratory animals, fish and wildlife. The company
owns patents worldwide in microchip technology and is a leader in the world
evolution of radio frequency animal identification. For more information about
Destron Fearing Corporation, visit the company's web site at:
www.destronfearing.com.
This news release contains forward-looking statements under the Private
Securities Litigation Reform Act of 1995 that are subject to certain risks and
uncertainties which could cause actual results to differ materially from those
currently anticipated or projected. These risks include uncertainties related to
the timing and implementation of various government programs in the United
States and overseas, the timing of orders received under various contracts, the
degree to which prospective customers accept the company's technology, the
outcome of litigation, and other risks as outlined in the
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company's filings with the Securities and Exchange Commission on Forms 10-K and
10-Q.
Applied Digital Solutions, its directors, executive officers and
employees may be soliciting proxies from Applied Digital Solutions shareholders
in favor of the merger. Information concerning Applied Digital Solutions'
participants in the solicitation was filed on June 27, 2000 with the SEC in the
joint proxy statement/ prospectus. In addition, Destron Fearing, its directors
and employees may be soliciting proxies from Destron Fearing stockholders in
favor of the merger. Information concerning Destron Fearing's participants in
the solicitation was filed with the SEC on June 27, 200 in the joint proxy
statement/ prospectus.
Destron Fearing and Applied Digital Solutions have filed a joint proxy
statement/prospectus and other relevant documents concerning the merger with the
United States Securities and Exchange Commission (the "SEC"). DESTRON URGES
INVESTORS TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
Investors will be able to obtain the documents free of charge at the SEC's
website, www.sec.gov. In addition, documents filed with the SEC by Destron
Fearing will be available free of charge from Destron Fearing Corporation, 490
Villaume Avenue, South St. Paul, MN 55075; Attention: James Santelli, Chief
Financial Officer, Telephone (651) 552-6325. READ THE JOINT PROXY
STATEMENT/PROSPECTUS CAREFULLY BEFORE MAKING A DECISION CONCERNING THE MERGER.
