CALGARY, Alberta. Advanced ID Corporation (the “Company”) , a leading developer of radio frequency identification (“RFID”) technology for livestock tracking, pet recovery and supply chain applications focusing on the tire management industry, today announced that it has entered into a funding agreement with La Jolla Cove Investors (“LJCI”) for $3 million. The proceeds from the investment will be used for the Company’s growth initiatives, including its expansion in China and for working capital related to the fulfillment of certain large RFID contracts recently received and anticipated as well as for other general corporate purposes.

“We are pleased to announce the investment by La Jolla Cove Investors in Advanced ID which significantly paves the way for us to attain profitability in 2009,” said Dan Finch, the Company’s President and Chief Executive Officer. “In the face of severe conditions in the capital markets where funding has been virtually nonexistent within the micro cap sector, the investment by an institutional investor such as LJCI validates our business strategy and the competitive position we maintain with our world class RFID technology.”

Under the terms of the investment by LJCI, a California-based private investment company, Advanced ID will sell three convertible debentures to LJCI for a total funding of $3 million. The convertible debentures carry an annual interest rate of 6% and are each in the principal amount of $1,000,000 with an expiration of twelve months after issuance.