Advanced ID Chief Executive Provides Update on Business Prospects and Growth Initiatives

CALGARY, Alberta--(BUSINESS WIRE)--Advanced ID Corporation (OTCBB: AIDO), 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 providing an update on its business prospects and growth initiatives. The following statements are attributable to Dan Finch, the Company’s President and Chief Executive Officer:

“Significant changes have taken place in our business, the capital markets and the global economy since my last communication. Many of these changes represent the most compelling opportunities available to Advanced ID in its history, while we have also seen the emergence of new challenges. We have been successfully executing a strategy for international growth with major breakthroughs for the adoption of the world’s most sophisticated tire identification, tracking and maintenance platform from Advanced ID.

Revenue and Profit Growth Through DDCT Acquisition

“Most important among our achievements is the recently announced acquisition of China-based RFID manufacturer, Shenzhen DDCT Technology Co., LTD (DDCT). The transaction is structured as an asset purchase agreement whereby Advanced ID will own the businesses and technologies of DDCT, providing us with a strong foothold in China and significant intellectual properties and manufacturing capabilities. DDCT will benefit from our global infrastructure, access to capital and management depth.

“In exchange for stock in Advanced ID and our agreement to fund their working capital requirements until they turn profitable (that is, no cash is being given to selling shareholders), we have gained a fast growing business projected to be much larger than Advanced ID on its own, a manufacturing platform that we never had before which will result in improved profits for both businesses, and complementary RFID products.

“Our collective businesses provide international distribution with a concentration in some of the fastest growth markets in the world, a comprehensive platform of some of industry’s most advanced RFID technologies, low cost manufacturing, and projected 2009 revenues of $24 million (as compared to a current revenue run rate of approximately $1.5 million for Advanced ID alone).

RFID Technology Investments and Distribution Partnerships in Europe

“The adoption of RFID technology affords a multitude of benefits. Advanced ID has taken a niche, focused vertical market approach by targeting the livestock/pet and tire industries. Our UK-based Pneu-Logic division has integrated its tire diagnostics products with our RFID products to secure an important foothold in the European market, including an agreement with a leading UK-based aircraft tire manufacturer for integrated products with FastCheck software for use in the tire manufacturer’s business practices. The contract has an initial value in excess of US$750,000.

“Another Pneu-Logic marketing partner, France’s EDP, has experienced impressive demand for its Tyre Parc Fleet Management software which is powered by Advanced ID technology. EDP’s rapidly growing customer base has resulted in the doubling of its 2008 forecast for our products and anticipates 50% growth next year.

Market Challenges and Shareholder Opportunity

“For the better part of the trailing 12-month period, the stock market has suffered from a myriad of challenges. Indicative of these harsh times, we need not remind you that some of the most highly regarded investment banks on Wall Street, such as Merrill Lynch, Lehman Brothers and Bear Stearns, cease to exist as we once knew them. Although the U.S. government has prepared a $700 billion rescue package for the country’s financial system, Wall Street ended its worst week in seven years, according to Reuters, while fears mount that the bail out plan may not unblock credit markets and stave off a U.S. recession. Many of the safest of equity investments have seen their share prices dwindle by some 50% or more this year.

“The share price for Advanced ID is not immune to these challenges. Our stock presently trades near an all time low, which has slowed the process to raise the capital needed to execute our growth strategy. Through small rounds of successive private placements, we continue to meet our objective of minimizing dilution while raising only the necessary amount of funding.

“In light of the exigent circumstances, we are confident that we are taking the necessary steps to position the Company for a breakout in late 2008 and throughout 2009. We are now beginning to see the fruits of our labor. Advanced ID’s RFID products have been further enhanced and are experiencing increased interest and demand. Our marketing approach for global diversification also seems to be gaining traction, as we are making great strides in penetrating some of the highest growth GDP nations in the world. As investment capital returns to the stock market and as our financial performance improves in the coming quarters, we anticipate that our loyal shareholders – and new investors who are able to capitalize on the historically low price at which our shares presently trade -- will be rewarded.

“We appreciate the loyalty and patience of our shareholders in these times of challenges and opportunities, and look forward with great encouragement to reaping the rewards of our efforts in the very near future.”

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, and has developed a UHF RFID reader product line through its Advanced ID Asia Engineering technical support and business development partner in Chiang Mai, Thailand.

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.