BNET Industries
VeriChip (CHIP) is in the Technology Industry
- Revenue
- Dec 31 2007
- $32.1M
- Profit
- Dec 31 2007
- ($11.9M)
- Market Cap
- Oct 14 2008
- $3.9M
Latest News and Analysis
Chairman of IFTH Acquisition Corp. Leads Group to Purchase Controlling Interest of Company
Blue Moon Energy Partners LLC Formed to Purchase Controlling Interest of IFTH Acquisition Corp. from Digital Angel DELRAY BEACH, Fla. -- IFTH Acquisition Corp. (the "Company") (OTCBB:IFTH) announced today that the Chairman of its Board of Directors, Scott R. Silverman, and a group of private investors have agreed...
VeriChip Starts Its Sell-Off
Radio frequency identification technology vendor VeriChip Corp. is selling one part of the company and may eventually sell all of it. The Delray Beach, Fla.-based vendor will sell its Xmark Corp. subsidiary for $45 million to The Stanley Works, a New Britain, Conn.-based manufacturer of tools and security products. Xmark...
Digital Angel Announces Restructuring Program for Its Animal Identification Business
SO. ST. PAUL, Minn. -- The Board of Directors of Digital Angel (NASDAQ:DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, announced today that it has approved a restructuring program primarily focused on its Animal Identification business. The program will feature...
Digital Angel's Destron Fearing Unit Receives USDA's First Visual Tag Approval
SO. ST. PAUL, Minn. -- Digital Angel (NASDAQ:DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, announced today that its Destron Fearing unit has received approval from the U. S. Department of Agriculture USDA for Premises Identification Number PIN tags for...
Digital Angel's SARBE Unit Receives $2.7 Million of Orders from Malaysian Air Force and Navy to Supply Personal Locator Beacons
SO. ST. PAUL, Minn. -- Digital Angel (NASDAQ:DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, announced today that its SARBE division has concluded negotiations for the supply of equipment with a combined value of approximately US$2.7 million to the Malaysian...
Independent Study Concludes That Use of VeriChip for Access To Patient Records Significantly Decreases Emergency Care Charges
Use of VeriChip to Access Patient Records of Critically Ill Patients in Mass Casualty Scenario Decreased Emergency Care Charges by an Average of $685.67 Per Patient Access to Electronic Medical Records EMRs Could Save the Health Care System Billions of Dollars Annually DELRAY BEACH, Fla. --...
DTC REPORT: Update
VeriChip Corp., which makes radio frequency identification devices for healthcare and patient related needs, launched its first DTC campaign in South Florida at the end of April, rebranding its patient identification system Health Link as part of the effort. Health Link, a microchip implanted in the patient's arm, promises...
VeriChip Corporation Agrees to Sell Xmark Corporation to The Stanley Works for $45 Million Cash
Company Provides Strategic Plan Resulting From the Sale of Xmark Corporation VeriMed Business and Corporate Entity To Be Marketed for Sale DELRAY BEACH, Fla. -- VeriChip Corporation (the "Company") (NASDAQ:CHIP), a provider of radio frequency identification RFID systems for healthcare and patient-related needs, has entered into...
VeriChip Corporation Announces Financial Results for First Quarter 2008
DELRAY BEACH, Fla. -- VeriChip Corporation ("VeriChip" or the "Company") (NASDAQ:CHIP), a provider of radio frequency identification, or RFID, systems for healthcare and patient-related needs, today reported financial results for its first quarter ended March 31, 2008. Revenue for the first quarter of 2008 was $8.6 million compared...
Stanley Works Agrees to Acquire Xmark from VeriChip Corporation for $45 Million Cash
NEW BRITAIN, Conn., May 15 /PRNewswire-FirstCall/ -- The Stanley Works announced that it has entered into an agreement to purchase the outstanding shares of Xmark Corporation, a wholly-owned subsidiary of VeriChip Corporation for $45 million cash. Xmark, whose headquarters and principal operations are located in Ottawa,...
Digital Angel Voices Support of VeriChip Corporation's Sale of Xmark Subsidiary
Transaction Expected to Provide Financial and Operational Benefits for Digital Angel Stockholders SO. ST. PAUL, Minn. -- The Board of Directors of Digital Angel (the "Company" or "Digital Angel") (NASDAQ:DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, today announced support of...
VeriChip Corporation Launches HEALTH LINK SYSTEM in Florida Revolutionizing Future of Emergency Medicine
Greater Palm Beach Area Residents and Hospitals First in State to Benefit From New Service DELRAY BEACH, Fla. -- Florida's emergency health care system is receiving a shot in the arm this week with the introduction of Health Link, a revolutionary bio-medical technology created by VeriChip Corporation of...
VeriChip Corporation Launches Health Link System in Greater Palm Beach Area Revolutionizing the Future of Emergency Medicine
16 Regional Hospitals now 'Health Link-Enabled' DELRAY BEACH, Fla. -- Residents of the Greater Palm Beach area can now take better control of their personalized healthcare by enrolling in Health Link, a revolutionary bio-medical technology that is currently being introduced by the VeriChip Corporation of Delray Beach, in...
VeriChip Corporation to Launch Direct-to-Consumer Campaign
Company Launches Its "Health Link" System in South Florida; Joins Forces With HearUSA To Facilitate Consumer Access and Adoption Through HEARx Stores DELRAY BEACH, Fla. -- VeriChip Corporation (the "Company") (NASDAQ:CHIP), a provider of radio frequency identification RFID systems for healthcare and patient-related needs, will launch its first-ever...
VeriChip Corporation to Ring NASDAQ Closing Bell on Friday, March 7th
DELRAY BEACH, Fla. -- VeriChip Corporation (NASDAQ:CHIP), a provider of radio frequency identification RFID systems for healthcare and patient-related needs, announced today that Scott R. Silverman, Chairman and Chief Executive Officer, will preside over the NASDAQ closing bell ceremony on Friday, March 7, 2008. Members of VeriChip's management team and...
VeriChip Corporation Announces Financial Results for 2007 Fourth Quarter and Full Year
Company Exceeds Revenue Guidance, Reporting Record Revenue of $8.6 Million in the Fourth Quarter and $32.1 Million for the Full Year Company To Launch Direct-to-Consumer VeriMed Marketing Campaign in Strategic Markets Prototype Development of In Vivo Glucose-Sensing Microchip on Schedule DELRAY BEACH, Fla. --...
VeriChip Corporation Completes $8 Million Debt Financing
Company to Use Proceeds, in Part, to Pay Down $5.3 Million of Debt Obligation to Digital Angel, Thereby Eliminating Debt Service Payments to Digital Angel until September 2009 and Increasing 2008 Working Capital DELRAY BEACH, Fla. -- VeriChip Corporation ("VeriChip" or the "Company") (NASDAQ:CHIP), a provider of radio...
VeriChip Corporation to Announce Financial Results for Fourth Quarter and Full Year 2007 on Wednesday, March 5th
DELRAY BEACH, Fla. -- VeriChip Corporation (NASDAQ:CHIP), a provider of radio frequency identification RFID systems for healthcare and patient-related needs, announced today that it plans to issue its fourth quarter and full year 2007 financial results for the period ended December 31, 2007, on Wednesday, March 5, 2008, at approximately...
Steven R. Foland Joins the Board of Directors of VeriChip Corporation
DELRAY BEACH, Fla. -- VeriChip Corporation (NASDAQ:CHIP), a provider of RFID systems for healthcare and patient-related needs, today announced it has added Steven R. Foland to its Board of Directors. Foland is the former managing director and head of investment banking at Merriman Curhan Ford & Co., the lead underwriter...
VeriChip Corporation to Exhibit Its VeriTrace System at American Academy of Forensic Sciences Conference
DELRAY BEACH, Fla. -- VeriChip Corporation (the "Company") (NASDAQ: CHIP), a provider of radio frequency identification RFID systems for healthcare and patient-related needs, will be exhibiting at the American Academy of Forensic Sciences AAFS 60th Anniversary Scientific Meeting in Washington, D.C. from February 20-22. The conference, which will take place...
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- Incorporated: 2001
VeriChip develops, markets and sells radio frequency identification (RFID) systems used to identify, locate and protect people and assets, primarily to the healthcare industry. Co. provides infant protection systems that help to prevent mother-baby mismatching and infant abduction; and wander prevention systems that help to protect and locate residents in nursing homes and assisted living facilities. At Dec 31 2006, Co.'s RFID systems for one or the other of these applications were installed in over 4,000 healthcare locations, mainly in North America. Also, Co. is in the early stages of marketing an asset/staff location and identification system to hospitals and other healthcare facilities.
Key Competitors
VeriChip Company Info
Board of Directors
Mr. Joseph J. Grillo
Chairman
Mr. Steven R. Foland
Mr. Paul C. Green
Mr. Jeffrey S. Cobb
Mr. Barry M. Edelstein
Contact Information
1690 South Congress Avenue
Suite 200
Delray Beach, FL
561 805-8008
NAICS Code
Other Communications Equipment Manufacturing: 334290
