| October 3 2005
DELRAY BEACH, Fla., Oct 03, 2005 (BUSINESS WIRE) -- VeriChip Corporation, a subsidiary of Applied Digital (NASDAQ: ADSX), a leading provider of identification and security technology, announced today that during the month of September, 49 new hospitals nationwide have agreed to adopt the VeriMed(TM) System for patient identification. Overall, since the FDA clearance of VeriChip for medical applications, 58 hospitals have agreed to adopt the VeriMed System in their emergency departments. The Company had previously announced that it expected to have 20 to 25 hospitals agree to adopt the VeriMed System by the end of 2005.
Most of the hospitals entering into agreements to implement VeriMed in September did so as a result of the Company's demonstration of the system at the American College of Emergency Physicians' (ACEP) Scientific Assembly that took place September 26-29, 2005 in Washington, D.C.
"We believe the strong acceptance that the VeriMed System achieved at a key industry conference represents a significant step in developing widespread acceptance of VeriChip and expanding our strategic options for the company," said Scott R. Silverman, Applied Digital's Chairman and Chief Executive Officer.
VeriChip Corporation Chief Executive Officer Kevin McLaughlin noted, "We are very pleased with the pace of market acceptance in September. Thanks to our attendance at ACEP in Washington, 47 of the 49 hospitals that signed agreements to implement the VeriMed system in September made their decisions when they saw the system demonstrated at the conference. These 47 hospitals are located nationwide. We're looking forward to working to get these new hospitals fully up and running in the coming weeks. "
About VeriChip - "The First RFID Company for People"
VeriChip is a subsidiary of Applied Digital and the only company to provide both implantable and wearable RFID identification and security solutions for people, their assets, and their environments. From the world's first and only FDA-cleared, human-implantable RFID microchip to the only patented active RFID tag with skin-sensing capabilities, VeriChip leads the way in next-generation RFID technologies. Today, over 4,000 installations worldwide in healthcare, security, industrial, and government markets benefit from both the protection and efficiencies provided by VeriChip systems. For more information on VeriChip, please visit www.verichipcorp.com.
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.
Investors: CEOcast, Inc., Ken Sgro, 212-732-4300, kensgro@ceocast.com, or
Media: Direct Communications Group, John O. Procter, 202-772-2179, jprocter@dcgpr.com
|
