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VeriChip Corporation Sells Its 1,300th Infant Protection System

Posted on: Tuesday, 29 May 2007, 09:00 CDT

VeriChip Corporation (Nasdaq:CHIP), a provider of RFID systems for healthcare and patient-related needs, announced today that it now has more than 1,300 RFID-based systems for the protection of newborn infants and pediatric patients installed in hospitals. This is led by systems sold under the HUGS® brand. In the first quarter of 2007, the number of infant protection systems sold by VeriChip increased 14 percent, while the number of infant protection systems sold to new customers increased 28 percent compared to the first quarter of 2006.

"We continue to solidify our position as the leading providing of infant protection systems in North America, and I am very proud of our progress this quarter and overall," said Scott R. Silverman, Chairman and Chief Executive Officer of VeriChip. "We believe our strong presence in hospitals throughout the country and our proven relationships with distributors give us an advantage as we expand the infrastructure of our VeriMed Patient Identification System."

VeriChip's infant protection systems are designed prevent infant abductions and inadvertent child mismatchings. The main component of the systems is a wearable RFID tag that is assigned to child and mother following birth. Monitors positioned throughout the hospital detect the integrity of the tags and location of the child. If a newborn is removed from the ward, if the tag is lifted from the baby's skin or if the ankle strap is compromised, the system immediately triggers an alarm, alerting hospital security to the situation.

The VeriChip infant protection systems guard against mismatching events by affixing matching RFID tags to mother and child. If the mother is given the wrong child, the RFID tag detects the mismatch and activates an audible alarm.

For more information on VeriChip's healthcare security products, please contact 1-866-559-6275 or email infantprotectionsales@verichipcorp.com. Additional information can be found online at www.verichiphealthcare.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), which also owns a majority position in Digital Angel Corporation (Amex:DOC). For more information on VeriChip, please call 1-800-970-2447, or email info@verichipcorp.com. Additional information can be found online at http://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.

Source: Business Wire

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