AIDO Stock: Advanced ID Inks Acquisition Letter of Intent in China, Bolsters Market Penetration in Region

Advanced ID Corporation (OTCBB: AIDO stock), a leading developer of radio frequency identification (“RFID”) technology for livestock tracking, pet recovery and supply chain applications focusing on the tire management industry, is pleased to announced the Company has signed a Letter of Intent to acquire the assets of a prominent RFID Technology company based in China. With the acquisition, the Company continues its corporate strategy to expand throughout Asia and becomes the only US public company with instant access to the Chinese domestic market for RFID products and services – the single largest in the world.

Heavily R&D focused, the undisclosed company is located in one of China’s high tech zones and will serve as the primary engineering resource and lead manufacturing operation for AIDO products. The combined company will have the economic strength to approach new RFID markets and to sell into a greater number of countries, while reaping the benefits of improved product features and reduced product costs.

The Company had previously created a new Hong Kong subsidiary, Advanced ID Asia Pacific Co. Ltd, to manage the operation in China in accordance with business protocol in the region. Completion of a definitive asset purchase agreement is expected within the next few weeks. Additional terms of the transaction were not yet public.

Commenting on the news, Dan Finch, chief executive officer of Advanced ID stated: “Advanced ID has made a smart acquisition in its aggressive drive to build its sales efforts throughout Asia. Combining our two companies extends our base of operations, further increases our competitiveness in the world market and affords us a strong platform to approach new markets. The combined entity will enjoy rapidly increased revenue over the next three years and have an objective of moving to a senior exchange as part of its long range plans.”

About Advanced ID Corporation

Advanced ID Corporation (OTCBB: AIDO) is a complete solutions provider in the RFID market with a focus on the tire management industry. The company is also a major factor in the tire inspection business through its UK based Pneu-Logic subsidiary. The Company is active in the pet recovery business through its AVID Canada subsidiary in Calgary, Alberta, is reintroducing its livestock tagging product line in several countries and has developed a UHF RFID reader product line for all market applications.

Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the company’s plans, beliefs and estimate as to projections are “forward-looking statements”. Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company’s SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company’s judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements. Visit: www.advancedidcorp.com

Advanced ID
Dan Finch, President, 214-755-0932
danf@advancedidcorp.com
or
Investor Contact for Advanced ID:
Darrow Associates
Jordan Darrow, 631-367-1866
jdarrow@darrowir.com

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