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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 14, 1999
APPLIED DIGITAL SOLUTIONS, INC.
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(Exact name of registrant as specified in its charter)
Missouri
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(State or other jurisdiction of incorporation)
000-26020
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(Commission File Number)
43-1641533
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(IRS Employer Identification No.)
400 Royal Palm Way, Suite 410, Palm Beach, Florida 33480
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(Address of principal executive officers) (Zip Code)
Registrant's telephone number, including area code: 561-366-4800
Applied Cellular Technology, Inc.
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(Former Name)
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Item 5. Other Events
On September 14, 1998, Intellesale.com, Inc., a subsidiary of the
Registrant, filed a registation statement on Form S-1 relating to the offering
of shares of its common stock.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release dated September 14, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
APPLIED DIGITAL SOLUTIONS, INC.
(Registrant)
Date: September 14, 1999 /s/ Michael Krawitz
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Assistant Vice President
and General Counsel
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EX-99.1
Press Release
$50 Million Initial Public Offering of Intellesale
September 14, 1999 (Palm Beach, FL) Applied Digital Solutions, Inc.
(NASDAQ: ADSX) announced today that its subsidiary, Intellesale.com, Inc. has
filed a registration statement with the Securities and Exchange Commission (SEC)
in connection with its proposed initial public offering. In addition to
Intellesale selling primary shares, Applied Digital expects to sell shares of
Intellesale stock as a selling stockholder. Ladenburg Thalmann & Co. Inc. will
act as lead manager in the offering and Punk, Ziegel & Company will act as
co-manager.
Intellesale sells refurbished and new computer equipment and related
components through its website at www.intellesale.com as well as through
traditional channels which Intellesale is migrating to the internet.
A registration statement relating to shares of Intellesale has been filed
with the SEC but has not yet become effective. The shares may not be sold nor
may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of these shares
in any state in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state.
The registration statement for Intellesale will be available from the SEC's
website at www.sec.gov.
