Emerge Interactive Introduces Cattlelog Verification Services
14 Juin 2006 - 8:18PM
PR Newswire (US)
SEBASTIAN, Fla., June 14 /PRNewswire-FirstCall/ -- eMerge
Interactive, Inc. (NASDAQ:EMRGD) today announced the introduction
of CattleLog Verification Services, a comprehensive program
designed for cattle producers to verify their production claims and
qualify their animals for many popular value-added and branded
programs. Responding to customer input and building on the success
of the CattleLog Age and Source Verification Program, eMerge
created CattleLog Verification Services to help enable the U.S.
beef industry to produce sufficient specification-based product to
meet the demands created by the expansion of many premium product
lines, including natural, non-hormone, and export marketing
programs. The new offering from eMerge is comprised of an expanded
set of data verification services and an optional CattleLog Listing
Service that will allow participants to qualify and promote their
animals to all potential buyers, allowing sellers to realize value
for their production and buyers to locate cattle they need to meet
their supply requirements. David C. Warren, President and CEO of
eMerge Interactive, commented: "CattleLog Verification Services is
a great example of how eMerge delivers value to producers and
feedyards focused heavily on value-added and premium branded
markets. Initial feedback from CattleLog customers, as well as
branded program managers and other parties interested in approved
cattle, has been very positive. It is important to point out that
we have offered a similar notification service to select buyers for
several years and we are not, and will not be, involved in the
transaction between buyer and seller." The CattleLog Listing
Service is the most visible component of the CattleLog Verification
Services. Available in most key cattle areas, the CattleLog Listing
Service allows any CattleLog customer with approved animals to list
basic animal characteristics along with the seller's contact
information, including any video sale, livestock market, or order
buyer that the seller is using. "We are uniquely suited to
introduce CattleLog Verification Services because we have many
years of experience with rigorous quality management and
third-party verification programs such as the USDA Process
Verification Program," continued Mr. Warren. "eMerge has been
managing data for branded programs for over seven years, so
expanding these services to a wider audience of producers and
feedyards will create new synergies for our entire customer base."
eMerge Interactive introduced its third-party data verification
services in December 2003 when it received USDA approval for the
CattleLog Process Verified Program. This program operated through
August 2005, at which time it was replaced by the new CattleLog Age
and Source Verification Program. This program has expanded to over
280 specially trained CattleLog Agents who provide on-site,
localized data verification services. While the introduction of
CattleLog Verification Services is an important development that
the Company believes increases the likelihood that CattleLog will
gain acceptance in the agricultural industry, there can be no
assurance that this development will have a material positive
effect on eMerge Interactive's results of operations or liquidity.
More information on the CattleLog Verification Service can be found
at http://verification.cattlelog.com/ . About eMerge Interactive
eMerge Interactive, Inc. is a technology company focusing on the
agricultural and meat processing industries. The Company's products
include CattleLog(TM), a USDA-approved Process Verified Program
providing individual- animal data collection and reporting that
enables livestock tracking, verification and branding; the
VerifEYE(TM) Carcass Inspection System, a real- time, optical
inspection system that scans beef carcasses in packing plants; and
the Solo handheld inspection unit, a portable instrument,
incorporating the VerifEYE imaging technology. For more information
about eMerge Interactive, including the risks and uncertainties
associated with its business, and to view its filings with the
Securities and Exchange Commission, please visit
http://www.emergeinteractive.com/ . For additional information
regarding this press release please contact Susan Mermer, eMerge
Interactive's Chief Financial Officer, at (772) 581-9736. This
release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995, including
statements containing words such as "anticipates," "believes,"
"expects," "intends," "may," "will" and words of similar meaning.
These statements involve various risks and uncertainties. A number
of factors could cause actual results to differ materially from
those described in these forward-looking statements, including the
rate of adoption of the Company's products and services, its
ability to grow revenue and margins, its ability to implement its
expansion strategy, the impact of competition on pricing, the
impact of litigation, general economic conditions and other factors
discussed in this release and as set forth from time to time in the
Company's other public filings and public statements. Readers of
this release are cautioned to consider these risks and
uncertainties and not to place undue reliance on these
forward-looking statements. DATASOURCE: eMerge Interactive, Inc.
CONTACT: Susan Mermer, Chief Financial Officer, eMerge Interactive,
+1-772-581-9736 Web site: http://www.emergeinteractive.com/
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