VeriChip Corporation Installs its 30th Infant Protection System in Puerto Rico
05 April 2007 - 11:30PM
PR Newswire (US)
Company reaches 70% market share in Puerto Rico DELRAY BEACH, Fla.,
April 5 /PRNewswire-FirstCall/ -- VeriChip Corporation
(NASDAQ:CHIP), a provider of RFID systems for healthcare and
patient-related needs, announced today that it has installed its
30th infant protection system in Puerto Rico. VeriChip's Hugs or
HALO infant protection systems are in use in 30 of the 42 birthing
hospitals in Puerto Rico listed by the American Hospital
Association. Achieving over 70% market share in Puerto Rico is a
reflection of VeriChip's strong distribution network on the island,
and the high level of awareness of the infant abduction threat.
Electronic infant protection systems are now the norm for hospitals
of all sizes, encouraged by legislation enacted by the Puerto Rico
legislature in 1999 to require hospitals to invest in infant
protection measures. Dan Gunther, president of VeriChip, commented,
"We applaud the proactive approach to infant protection taken by so
many hospitals in Puerto Rico, and we are proud to partner with
these hospitals to help protect their smallest patients. Puerto
Rico is setting a strong example for infant protection, not only
for the United States, but countries around the world." For more
information on VeriChip's healthcare security products, please
contact 1-866-559-6275 or email . Additional information can be
found online at http://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 . 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. Contact: VeriChip
Corporation The Ruth Group Allison Tomek Nick Laudico (investors)
561-805-8000 (646) 536-7030 Jason Rando (media) (646) 536-7025
DATASOURCE: VeriChip Corporation CONTACT: Allison Tomek, of
VeriChip Corporation, +1-561-805-8000, or ; or Investors, Nick
Laudico, +1-646-536-7030, or , or Media, Jason Rando,
+1-646-536-7025, or , both of The Ruth Group, for VeriChip
Corporation Web site: http://www.verichipcorp.com/
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