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VeriChip’s Chairman Comments on
Clean Energy Trends and is Featured in South
Florida Business Journal
DELRAY BEACH, FL
– March 12, 2009 --
VeriChip Corporation (NASDAQ:CHIP) (“VeriChip”
or
the
“Company”)
announced today that its Chairman, Scott R. Silverman, has commented
on Clean Edge, Inc.’s Clean Energy Trends 2009
report, which forecasts growth in biofuels from $34.8 billion in
2008 to $105.4 billion by 2018, and has spoken to the South Florida
Business Journal about the Company’s new subsidiary, VeriGreen
Energy Corporation, and the types of alternative energy
opportunities the Company is considering. The
complete interview can be found on the South Florida Business
Journal’s website:
http://southflorida.bizjournals.com/southflorida/stories/2009/03/02/daily71.html.
Mr. Silverman stated, “As
evidenced by Clean Edge’s recent report, the biofuels
industry is forecasted to experience
significant growth in the coming years. Furthermore, to the benefit
of many established, smaller businesses, the
American Recovery and Reinvestment
Act of 2009 will inject billions into renewable and alternative
energies, thereby creating jobs, improving the economy and our
environment. The stimulus package is expected to promote renewable
and clean energies by offering tax incentives, bonds, grants and
other financial assistance. Through the formation of VeriChip’s new
subsidiary, VeriGreen Energy Corporation, and the investments we are
evaulating, we will be well positioned to participate in those
initiatives.”
Mr. Silverman continued, “As
others may invest in start-ups in the alternative energy sector, we
are looking particularly at existing operations with revenues and,
in some cases, earnings. We are not interested in being a pure
venture capital play for companies that have no revenues and no
earnings.”
About VeriChip Corporation
VeriChip
Corporation, headquartered in
Delray Beach, Florida,
has developed the VeriMed™ Health Link 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, cleared for medical use in
October 2004 by the United States Food and Drug Administration.
VeriChip also recently announced the formation of its VeriGreen
Energy Corporation division, which will invest in the clean and
alternative energy sector, to complement its healthcare division.
For more information
on VeriChip, please call 1-800-970-2447, or e-mail info@verichipcorp.com.
Additional information can be found online at
www.verichipcorp.com.
Statements about VeriChip’s future
expectations, including future revenues and earnings, the growth of
biofuels as forecast by Clean Edge, Inc., the Company’s ability to
find and invest in clean and alternative energy companies,
particularly those with revenues and earnings, the ability of the
American Recovery and Reinvestment Act of 2009 to create jobs,
improve the economy and the environment, and the Company’s ability
to capitalize on the investments the Obama administration is making
in energy, 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 VeriChip’s actual results could differ materially
from expected results. Additional information about these and other
factors that could affect the Company’s business is set forth in the
Company’s various filings with the Securities and Exchange
Commission, including those set forth in the Company’s 10-K filed on
February 12, 2009, under the caption “Risk Factors.” The Company
undertakes no obligation to update or release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of this statement or to reflect the occurrence of
unanticipated events, except as required by law.
###
CONTACT:
VeriChip
Corporation
Allison
Tomek
(561)
805-8008
atomek@verichipcorp.com
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