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In an August 6 release, Joseph J. Grillo, Digital Angel's CEO and President, said, "Despite continuing challenges to our top line, posed by a tough environment for livestock producers and adverse currency effects, our reorganizational efforts are continuing to move us towards profitability. The company achieved positive EBITDA, excluding restructuring-related charges, of over $500,000 in the second quarter, resulting in EBITDA, excluding restructuring-related charges, of under $1 million for the first six months of 2009. We look forward to continuing our progress in the coming quarters, led by our seasoned management team, our great brand portfolio and our exciting new product introductions in both our business segments."
Digital Angel is a developer of GPS and RFID products and technologies.
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