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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 /PRNewswire-FirstCall/ -- VeriChip
Corporation (Nasdaq: CHIP), 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), 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 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:
VeriChip Corporation
Allison Tomek
561-805-8000
atomek@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
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