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Verichip

Started by ChiMoHe, April 14, 2007, 01:59 PM NHFT

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ChiMoHe

Press Release

VeriChip Corporation Reports Year End Hospital and Physician Enrollments for its VeriMed Patient Identification System

As of year end, 392 hospitals and 1209 Physicians have enrolled in VeriMed System

DELRAY BEACH, Fla.--January 3, 2007

PRNewswire-FirstCall/ -- Applied Digital (Nasdaq: ADSX - News), through its VeriChip Corp. subsidiary, announced that as of December 31, 2006 VeriChip now has a total of 1,209 physicians and 392 medical facilities enrolled in the VeriMed Patient Identification Network. During the six-month period from July to December 2006, the number of participating physicians increased from 275 to 1,209, representing a 340 percent gain. During the same time period, VeriChip recorded a 256 percent increase in the number of medical facilities that have enrolled in the VeriMed Network. This figure is up from 110 facilities in July and includes a gain of 94 hospitals as a result of VeriChip's work with the National Stroke Association. These totals exceed previously stated year-end goals of 200 hospitals and 1000 physicians.

"2006 was an extremely successful year for VeriChip as we witnessed a substantial surge in enrollment in the VeriMed Patient Identification System by hospitals and physicians around the country. Based on the growth over the past six months, it is clear that our marketing efforts at numerous leading medical conferences, coupled with support from several influential organizations, including Horizon Blue Cross Blue Shield of New Jersey and the National Stroke Association, have helped to showcase of the value of the VeriMed system in critical care situations," stated Scott R. Silverman, Chairman and CEO of VeriChip Corp. "During 2007, we will continue to work with leading hospitals and influential physicians throughout the country and around the world to integrate the use of VeriMed as standard protocol in the emergency treatment process."

The VeriMed Patient Identification System, which consists of a handheld radio frequency identification (RFID) scanner, an implantable RFID microchip and a secure patient database, is used to help rapidly identify and provide access to important health information on participating patients who arrive at an emergency department unconscious, delirious or unable to communicate. This implantable RFID system is the only system of its type cleared for use for patient identification and health information purposes by the United States Food and Drug Administration.

About Applied Digital - "The Power of Identification Technology"
Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification technology. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX:DOC)

About VeriChip Corporation
VeriChip Corporation, headquartered in Delray Beach, Florida, develops, markets and sells radio frequency identification, or RFID, systems used to identify, locate and protect people and assets. VeriChip's goal is to become the leading provider of RFID systems for people in the healthcare industry. VeriChip sells passive RFID systems for identification purposes and active RFID systems for local-area location and identification purposes. VeriChip recently began to market its VeriMed(TM) Patient Identification System for rapidly and accurately identifying people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip, the implantable VeriChip(TM), cleared for medical use in October 2004 by the United States Food and Drug Administration. For more information on VeriChip, please call 1-800-970-2447, or email info@verichipcorp.com. Additional information can be found online at www.verichipcorp.com.

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.


Contact:

Investors:
Nick Laudico
The Ruth Group
646-536-7030
nlaudico@theruthgroup.com

Media:
Jason Rando
The Ruth Group
646-536-7025
jrando@theruthgroup.com

--------------------------------------------------------------------------------
Source: Applied Digital

ChiMoHe

Press Release

VeriChip Corporation Partners With U.S. Living Will Registry as Advance Directive Resource

Partnership Provides Healthcare Professionals Access to Advance Directives through VeriMed Patient Identification System

DELRAY BEACH, Fla.--March 27, 2007

PRNewswire-FirstCall/ -- VeriChip Corporation (Nasdaq: CHIP - News) today announced it entered into a Community Partnership Agreement with U.S. Living Will Registry? that enables healthcare professionals to view the Advance Directives of patients enrolled in the VeriMed Patient Identification System via a secure link within the VeriMed Patient Registry. This will be the first completely digital link to a national Advance Directive document archive. Utilizing the U.S. Living Will Registry's proprietary software platform and the VeriMed Patient Registry, VeriMed subscribers will be able to register their advance directives and organ donation information.

Scott R. Silverman, Chairman and Chief Executive Officer of VeriChip Corporation, commented, "We are pleased to provide direct access to electronic advance directive documents stored at the U.S. Living Will Registry via the VeriMed Patient Identification System. This permits hospitals and health systems with our VeriMed RFID Reader to quickly and easily view these vital documents."

"Our system is designed to be scalable for individuals from all states, health systems, insurers and national organizations. We provide a safe and secure place to store the documents, and make them available 24 hours a day wherever they are needed," said Dr. Joseph T. Barmakian, who founded the U.S. Living Will Registry in 1996. "VeriMed is taking a leadership position in ensuring ready access to important advance directives, and we are excited to be their partner in providing this valuable service," continued Barmakian.

Advance directives, commonly known as living wills and health care proxies, are legal documents that allow a person to make their health care wishes known if they are incapacitated and unable to make decisions for themselves. In a health care proxy (health care power of attorney), a person names someone to make decisions for them. Interest in advance directives increased dramatically with nationwide attention to the case of Floridian Terri Schiavo. Ms. Schiavo was in a chronic vegetative state, and did not have an advance directive. The national attention to Ms. Schiavo's case prompted many to prepare their own advance directive in order to spare their families a similar fate.

About U.S. Living Will Registry
The U.S. Living Will Registry is the leading provider of advance directive management services in the country. Providing this service for more than ten years, The U.S. Living Will Registry is the largest secure web-based repository of advance directive documents in North America. For more information, visit http://www.uslivingwillregistry.com.

About VeriChip Corporation
VeriChip Corporation, headquartered in Delray Beach, Florida, develops, markets and sells radio frequency identification, or RFID, systems used to identify, locate and protect people and assets. VeriChip's goal is to become the leading provider of RFID systems for people in the healthcare industry. VeriChip sells passive RFID systems for identification purposes and active RFID systems for local-area location and identification purposes. VeriChip recently began to market its VeriMed(TM) Patient Identification System for rapidly and accurately identifying people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip, the implantable VeriChip(TM), cleared for medical use in October 2004 by the United States Food and Drug Administration.

VeriChip Corporation is majority-owned by Applied Digital Inc. (Nasdaq: ADSX - News). For more information on VeriChip, please call 1-800-970-2447, or email info@verichipcorp.com. Additional information can be found online at www.verichipcorp.com.

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.


Contact:

Investors:
Verichip Corporation
Allison Tomek, 561-805-8000
InvestorRelations@adsx.com

The Ruth Group
Nick Laudico (investors)
(646) 536-7030
nlaudico@theruthgroup.com

Jason Rando (media)
(646) 536-7025
jrando@theruthgroup.com

--------------------------------------------------------------------------------
Source: VeriChip Corporation

ChiMoHe

Press Release

VeriChip Passes Significant Milestone: Over 500 Hospitals Have Now Agreed to Adopt VeriMed Patient Identification System

VeriChip Adds 65 Hospitals/Emergency Departments to its VeriMed Network on First Day of AAEM Conference

DELRAY BEACH, Fla.--March 13, 2007

PRNewswire-FirstCall/ -- VeriChip Corporation ("VeriChip" or the "Company") (Nasdaq: CHIP - News), a provider of RFID systems for healthcare and patient-related needs, announced today that 65 new hospitals have agreed to participate in the VeriMed Patient Identification System network at the American Academy of Emergency Medicine (AAEM) 13th Annual Scientific Assembly conference in Las Vegas, bringing the Company's total number of enrolled hospitals to more than 500.

Scott R. Silverman, Chairman and CEO of VeriChip, commented, "We are very pleased to add 65 new hospitals to our network on day one of this three-day conference. Furthermore, we are proud to achieve a significant milestone in our infrastructure build-out. With more than 500 hospitals now enrolled in the VeriMed Patient Identification System, we are well on our way to meeting our stated year-end goal of 800 hospitals in the VeriMed network."

The VeriMed Patient Identification System, which consists of a hand-held radio frequency identification (RFID) scanner, an implantable RFID microchip, and a secure patient database, is being used to help rapidly identify and provide access to important health information on participating patients.

The new healthcare facilities agreed to use the VeriMed reader as standard protocol to scan patients that arrive in emergency rooms unconscious, delirious or confused. The Company continues to provide readers to hospitals and other healthcare facilities at no charge as part of its efforts to "seed" the infrastructure for the VeriMed patient identification system.

About VeriChip Corporation
VeriChip Corporation, headquartered in Delray Beach, Florida, develops, markets and sells radio frequency identification, or RFID, systems used to identify, locate and protect people and assets. VeriChip's goal is to become the leading provider of RFID systems for people in the healthcare industry. VeriChip sells passive RFID systems for identification purposes and active RFID systems for local-area location and identification purposes. VeriChip recently began to market its VeriMed(TM) Patient Identification System for rapidly and accurately identifying people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip, the implantable VeriChip(TM), cleared for medical use in October 2004 by the United States Food and Drug Administration.

VeriChip Corporation is majority-owned by Applied Digital Inc. (Nasdaq: ADSX - News). For more information on VeriChip, please call 1-800-970-2447, or email info@verichipcorp.com. Additional information can be found online at www.verichipcorp.com.

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.


Contact:

Investors:
Verichip Corporation
Allison Tomek, 561-805-8000
InvestorRelations@adsx.com

The Ruth Group
Nick Laudico (investors)
(646) 536-7030
nlaudico@theruthgroup.com

Jason Rando (media)
(646) 536-7025
jrando@theruthgroup.com

--------------------------------------------------------------------------------
Source: VeriChip Corporation

ChiMoHe

Press Release

Applied Digital's Government Telecommunications, Inc. Subsidiary Awarded U.S. General Services Administration Networx Transition Support Services Task Order

Three Awardees to Split Contract with Total Value of $22 Million

DELRAY BEACH, Fla.--March 15, 2007

Business Wire -- Applied Digital (NASDAQ: ADSX - News), a leading provider of identification and security technology, announced today that its wholly-owned subsidiary Government Telecommunications, Inc. (GTI) was awarded a Networx Transition Support Services Task Order for the U.S. General Services Administration (GSA) under its current GSA Connections Contract. The Task Order is for a one-year period, with a one-year option and two six-month options for renewal.

GTI was one of three awardees for the Task Order and will provide the required technical support and assistance to GSA in advance of Networx Universal and Networx Enterprise contract awards. The three-year contract has a total value of $22 million for the three awardees. Technical support will include the development of standardized process and procedures required to assist federal government agencies in their transition efforts moving from the GSA FTS 2001 contract to one of the new GSA Networx contracts. Services include strategic and transition planning, agency customer assistance, cutover guidelines, Web site development, tracking and status reporting on government-wide transition efforts.

Rich Patton, President of GTI, commented, "We are extremely pleased to be selected to support GSA in this critical task order. GTI will leverage our existing strengths and experience in network cutovers to assist in making service migration transparent to the various agencies."

About Applied Digital - "The Power of Identification Technology"
Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification technology. Applied Digital is the owner of majority positions in Digital Angel Corporation (AMEX:DOC - News) and VeriChip Corporation (NASDAQ: CHIP - News).

Certain statements herein are "forward-looking statements". Such forward-looking statements are not historical facts but instead reflect the Company's current expectations or beliefs concerning future events and results of operations, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future events and results of operations, see the discussion in our Registration Statement on Form S-1 (Commission file number 333-130754) under the caption "Risk Factors." The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Applied Digital
Allison Tomek, Investor Relations
561-805-8000
ATomek@adsx.com

or

CEOcast, Inc. for Applied Digital
Dan Schustack, 212-732-4300
Dschustack@ceocast.com

--------------------------------------------------------------------------------
Source: Applied Digital


error

Uh, okay.

Did you notice what's missing from those press releases?

I'll give you a hint.

I've only heard of one person ever being implanted with one of these VeriChip RFID chips. I'm sure there are more, but if it were a significant number, the company would be likely to mention it.

cathleeninnh

With insurance companies signing on, how long before they require it?

Cathleen

error

Insurance companies requiring it? Not likely anytime soon. That would be a corporate death sentence.

TylerM

Actually, as a stockholder (don't burn me on any stakes) they send out press releases. I believe several hundred individuals have been implanted so far. No one is going to require it, but I see discounts for implanties soon.

Pat McCotter

Quote from: TylerM on April 14, 2007, 07:20 PM NHFT
Actually, as a stockholder (don't burn me on any stakes) they send out press releases. I believe several hundred individuals have been implanted so far. No one is going to require it, but I see discounts for implanties soon.

Yep, financial incentives are the way these things begin - not force.

penguins4me

Many of the 'average' (non-technical) people I converse with already have the idea that anything to do with 'wireless chips the size of a grain of rice' are evil, no exceptions, even though RFID is nothing more than a refinement of existing technology which has been in use for *years*. Case in point: the 'theft detectors' at libraries, video rental shops, and stores use very similar methods to track outgoing inventory that hasn't been "blessed" by a deactivator/demagnatizer at the checkout counter. I've heard no screaming and moaning regarding those devices.

However, because (apparently) a large segment of the populace hates RFID and anything to do with it already, I don't see schemes such as this Verichip stuff as being a problem in reality.

Pat McCotter

Quote from: penguins4me on April 15, 2007, 12:11 AM NHFT
Many of the 'average' (non-technical) people I converse with already have the idea that anything to do with 'wireless chips the size of a grain of rice' are evil, no exceptions, even though RFID is nothing more than a refinement of existing technology which has been in use for *years*. Case in point: the 'theft detectors' at libraries, video rental shops, and stores use very similar methods to track outgoing inventory that hasn't been "blessed" by a deactivator/demagnatizer at the checkout counter. I've heard no screaming and moaning regarding those devices.

However, because (apparently) a large segment of the populace hates RFID and anything to do with it already, I don't see schemes such as this Verichip stuff as being a problem in reality.

Anti-theft technology currently in use gets deactivated, as you said. Currently, RFID cannot be deactivated. It can only be flagged as deactivated. Scanners can ignore/reverse the flag.

penguins4me

The deactivation of anti-theft devices is reversible in at least some cases - perhaps in all cases.

I fail to see how to see how RFID not being readily deactivated (discounting microwaves, hammers, etc.) makes it more palatable to the masses. As I'd previously stated, all of the non-technical people who have mentioned to me RFID have done so in a negative light.

error

Yes, and with implanted RFID chips, you are the inventory being tracked.

penguins4me

Yet another reason on top of the others for everyone, including myself, to overcome before deciding something like this Verichip stuff is a good idea.