Digital Angel Expands Overseas
Digital Angel [AMEX: DOC], a St. Paul, Minn.-based GPS tracking device maker, has signed six new exclusive distribution agreements with companies in Argentina, Colombia, Venezuela, the Caribbean, the Dominican Republic and Russia.
Each distributor must meet annual purchase quotas of Digital Angel products to maintain its status as an exclusive distributor in each particular country or region. If all six of these new distributors meet their annual purchase quotas, total potential five-year revenue from these agreements could exceed $35 million.
Digital Angel provides users with cellular and GPS satellite connectivity to a 24/7 call center that can process emergency alerts. The GPS technology provides real-time emergency location capability via authorized access to a secure website.