VeriChip Corporation's VeriMed System for Patient Identification Selected By 13 New Hospitals; 97 Healthcare Facilities Have Now Agreed to Implement the VeriMed Patient Identification System
Posted on: Monday, 24 April 2006, 09:02 CDT
VeriChip Corporation, a subsidiary of Applied Digital (NASDAQ: ADSX), announced today that 13 additional healthcare facilities have agreed to implement the VeriMed(TM) System for Patient Identification. The new hospitals bring the total healthcare facilities that have agreed to implement the System to 97. Many of the new hospital signed up after attending the Emergency Medicine Spring Conference in Las Vegas, sponsored by the American College of Emergency Physicians' (ACEP) Scientific Assembly, held from April 19 to April 21st.
"We are pleased that the increasing recognition of the critical role that the VeriMed(TM) System can play in healthcare facilities is driven growing adoption of the System," said VeriChip Corporation Chief Executive Officer Kevin McLaughlin. "Appearances at industry-leading events such as ACEP, where the Company generated significant recognition, as well as favorable coverage from leading medical industry publications, should continue to expand the number of hospitals and physicians utilizing the System."
An article highlighting the growth of the VeriMed System was recently featured in a story in American Medical News, a publication directed to physicians in private practice and physicians on hospital and managed care staffs, in military service and on medical faculties. Of a total print circulation of over 230,000, about 90% are physicians, primarily office-based doctors in five primary-care specialties.
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 which is used to rapidly and accurately identify 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.
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).
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.
Source: Business Wire
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