BNET Industries
Market Cap:$17.8M
Last Fiscal Year Sales:$32.1M
- Public
- US
Dow Jones Description
VeriChip Corporation, headquartered in Delray Beach, Florida, develops, markets and sells 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. The Company recently began marketing its VeriMed Patient Identification System, a passive RFID 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, cleared for medical use in October 2004 by the United States Food and Drug Administration.
Chief Executive Officer
Scott R. SilvermanNumber of Employees 152
Contact Information
1690 South Congress Avenue
Suite 200
Delray Beach, Florida 33445
(561) 805-8008
Peer Companies
NAICS Code Other Communications Equipment Manufacturing: 334290
Recent Events
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Verichip Corporation acquires Steel Vault
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VeriChip CHIP Partners with Diabetes Research Institute on Glucose-Sensing RFID Microchip
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VeriChip Corporation and RECEPTORS LLC to Unveil Development Details of Virus Triage Detection System for...
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VeriChip Taps Raytheon Microelectronics Espana for Manufacturing
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VeriChip Corporation Selects Raytheon Microelectronics Espaa to Manufacture Its Products
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VeriChip Gets Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus
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VeriChip CHIP In Deal to Raise Up to $10M
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VeriChip Secures Financing Commitment
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Steel Vault Corporation Finalizes Special Meeting Date of November 10, 2009 to Complete Merger...
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Global Entry passes 650K enrolled
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VeriChip to Enter Security Field
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VeriChip Re-Launches its VeriMed Health Link EHR System
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VeriChip Corporation Re-Launches its VeriMed Health Link
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VeriChip Corporation Re-Launches its VeriMed Health Link Electronic Health Records System
News & Analysis
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company and verichip - All News and Analysis
VeriChip Corporation Receives Nasdaq Notices Related to Listing Requirements
Company Has until at Least April 20, 2009 to Regain Compliance DELRAY BEACH, Fla. -- VeriChip Corporation (the "Company") (NASDAQ: CHIP), a provider of radio frequency identification RFID systems for healthcare and patient-related needs, today announced that it received notice on October 21, 2008, from The Nasdaq Stock Market...
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 its...
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 to...
VeriChip Corporation to Present at ID World International Congress on November 28
DELRAY BEACH, Fla. -- VeriChip Corporation (NASDAQ: CHIP), a provider of RFID systems for healthcare and patient-related needs, announced today it will present at the ID World International Congress on November 28, 2007, in Milan, Italy. The Company's presentation, which will be delivered by Michael J. Feder, Senior Vice President...
Applied Digital Reports 2007 Third Quarter Financial Results
DELRAY BEACH, Fla. -- Applied Digital Solutions, Inc. (the "Company" or "Applied Digital") (NASDAQ:ADSX), a leading provider of identification and security technology, today reported financial results for its third quarter ended September 30, 2007. The Company's consolidated financial results include the financial position, operating results and cash flows of its...
VeriChip Corporation to Present at Merriman Curhan Ford & Co.'s Investor Summit 2007 on September 18
DELRAY BEACH, Fla. -- VeriChip Corporation (NASDAQ: CHIP), a provider of RFID systems for healthcare and patient-related needs, announced today that Scott R. Silverman, its Chairman and Chief Executive Officer, will present at the 4th annual Merriman Curhan Ford & Co. Investor Summit on September 18, 2007 at 11:00 am...
Applied Digital Reports 2007 Second Quarter Financial Results
DELRAY BEACH, Fla. -- Applied Digital Solutions, Inc. (the "Company" or "Applied Digital") (NASDAQ: ADSX), a leading provider of identification and security technology, today reported financial results for its second quarter ended June 30, 2007. The Company's consolidated financial results include the financial position, operating results and cash flows of...
Stock News You Can Use - CHIP, NAVZ, CPNLQ, KEGS.
M2 PRESSWIRE-28 June 2007-Businessnewsnow.us: Stock News You Can Use - CHIP, NAVZ, CPNLQ, KEGSC1994-2007 M2 COMMUNICATIONS LTD RDATE:28062007 New York, NY - BusinessNewsNow's Morning News Highlights: VERICHIP CORPORATION (NASDAQ: CHIP); NAVISTAR INTERNATIONAL CORPORATION (PINK SHEETS: NAVZ); CALPINE CORPORATION (PINKSHEETS:...
Applied Digital Announces VeriChip Corporation Prices Its Initial Public Offering
DELRAY BEACH, Fla. -- Applied Digital (NASDAQ: ADSX) announced today that its VeriChip Corporation subsidiary completed its initial public offering and commenced trading on the Nasdaq Global Market under the symbol "CHIP." VeriChip offered 3,100,000 shares of its common stock at $6.50 per share, before underwriting discounts and commissions. ...
VeriChip Corporation Expands Adoption of VeriMed System for Patient Identification; New Signings in November Increase Medical Facilities to 68
DELRAY BEACH, Fla. -- VeriChip Corporation, a subsidiary of Applied Digital (NASDAQ: ADSX), a leading provider of identification and security technology, announced today that 68 medical facilities, including 65 hospitals, have now agreed to implement the VeriMedTM System for Patient Identification. During the month of November, three additional hospitals agreed...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Scott R. Silverman | Chief Executive Officer |
| Daniel A. Gunther | President |
| William J. Caragol | Chief Financial Officer |
| Malik Talib | Executive Vice President |
| Alan Foster | Senior Vice President, Operations |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Constance K. Weaver | Board of Directors |
| Daniel E. Penni | Board of Directors |
| Kevin H. McLaughlin | Board of Directors |
| Paul C. Green | Board of Directors |
Mr. Silverman has served as our chairman of the board since March 2003. From March 2003 to December 2006, he served as our chief executive officer, and, from April 2005 to December 2006, he served as our acting president. From August 2001 to March 2002, he served as a special advisor to our board of directors, and from March 2002 to March 2003, he served as our president and as a member of our board of directors. From September 1999 to March 2002, Mr. Silverman operated his own private investment banking firm, and, from October 1996 to September 1999, he served in various capacities for us, including positions related to business development, corporate development and legal affairs. From July 1995 to September 1996, he served as president of ATI Communications, Inc., one of our subsidiaries. He began his career as an attorney specializing in commercial litigation and communications law at the law firm of Cooper Perskie in Atlantic City, New Jersey, and Philadelphia, Pennsylvania. Mr. Silverman is a graduate of the University of Pennsylvania and Villanova University School of Law. Mr. Silverman currently serves as the chairman of the board of directors of our majority-owned subsidiaries, VeriChip, Digital Angel and InfoTech.
| Organization | Position | Status |
|---|---|---|
| Applied Digital Solutions, Inc. | Chairman & CEO | Current |
| VeriChip Corporation | Chief Executive Officer | Current |
| Digital Angel Corporation | Chairman and Chief Executive Officer of Verichip | Current |
| Applied Digital Solutions, Inc. | Board of Directors | Current |
| Digital Angel Corporation | Board of Directors | Current |
| VeriChip Corporation | Member | Former |
| Infotech USA, Inc. | Chairman | Former |
| VeriChip Corporation | Board of Directors | Former |
| Villanova University School of Law | Former |
Dan Gunther was appointed President in June 2005. From 1987 until that time, Dan held a series of senior management positions at Instantel in operations, product management, manufacturing, quality, sales and finance. In 1993, he was appointed Instantel's Chief Financial Officer, in 2001 he was appointed its Chief Operating Officer and in 2003 he was appointed its President and Chief Executive Officer. In addition to these responsibilities, he was a member of Instantel's Board of Directors from April 2003 to June 2005.
| Organization | Position | Status |
|---|---|---|
| Xmark | CEO | Former |
| Instantel Inc. | Member | Former |
| Instantel Inc. | CEO | Former |
William J. Caragol was appointed Chief Financial Officer in August 2006. Prior to that time, he served as the CFO of GTI, a subsidiary of Applied Digital in the Washington, D.C. area. In the four years before joining GTI, Bill worked with various technology companies, serving as the CFO and VP of Business Development for Millivision Technologies and the CFO for Mantra Communications. He also assisted many service and software organizations developing business plans and structuring strategic relationships and financings. From 1989 to 2000, Bill spent eight years with Deloitte & Touche as a Senior Manager and three years as the CFO for Condor Technology Solutions. He is a member of the American Institute of Certified Public Accountants and previously served as a board member on the Investment Advisory Board for Virginia's Center for Innovative Technology. Bill graduated from the Washington & Lee University with a Bachelor of Science in Administration and Accounting.
| Organization | Position | Status |
|---|---|---|
| VeriChip Corporation | Chief Financial Officer | Current |
| American Institute of Certified Public Accountants | Member | Current |
| GTI Inc. | Cfo | Former |
| Washington and Lee University | Bachelor of Science In Administration and Accounting. | Former |
| Organization | Position | Status |
|---|---|---|
| VeriChip Corporation | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| VeriChip Corporation | Senior Vice President, Operations | Current |
Connie Weaver joined The Hartford on February 25, 2008, as senior vice president, marketing and communications, reporting to the CEO Ramani Ayer. She also serves as a member of the Office of the Chairman. In her role, Weaver oversees marketing and communications for the company. Her areas of focus include the company’s brand management and advertising, media and community relations and executive and employee communications. Weaver comes to The Hartford with an impressive record of achievement in marketing, investor and media relations, communications, teaching, and brand management experience for such high-profile companies as AT&T, Microsoft, MCI and McGraw-Hill. Most recently, Weaver served as executive vice president and chief marketing officer at BearingPoint, a global management and technology consulting firm. Throughout her career, she has consistently earned industry recognition, including BtoB Magazine's Who's Who list of Top Marketers in 2004, 2006 and 2007, and the Business Marketing Association's Communicator of the Year Award for her efforts at AT&T, as well as various awards in the field of investor relations. She is widely published in the area of communications and investor relations. Weaver serves on the board of Digital Angel Inc. and The Bushnell Center for the Performing Arts and is active in several professional, national and community-based organizations. Weaver holds a B.S. from the University of Maryland and has completed post-graduate financial management, marketing and strategic planning courses at The Wharton School of the University of Pennsylvania, Columbia University, and Imede (Switzerland). She has also completed the executive finance program at Stanford University.
| Organization | Position | Status |
|---|---|---|
| The Hartford Financial Services Group, Inc. | Senior Vice President, Marketing & Communications | Current |
| Digital Angel Corporation | Board of Directors | Current |
| Applied Digital Solutions, Inc. | Board of Directors | Current |
| VeriChip Corporation | Board of Directors | Current |
| Philips Solid-State Lighting Solutions | Board of Directors | Current |
| BearingPoint, Inc. | Executive Vice President & Chief Marketing Officer | Former |
| AT&T Inc. | Executive Vice President, Public Relations & Brand Management | Former |
| The McGraw-Hill Companies, Inc. | Executive Director | Former |
| MCI Inc. | Investor Relations and Financial Communications | Former |
| Microsoft Corporation | Investor Relations and Financial Communications | Former |
| University of Maryland | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Applied Digital Solutions, Inc. | Board of Directors | Current |
| VeriChip Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| VeriChip Corporation | Board of Directors | Current |
| VeriChip Corporation | CEO | Former |
| Organization | Position | Status |
|---|---|---|
| VeriChip Corporation | Board of Directors | Current |
Executive News
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Scott R. Silverman Resumes the Role of Chief Executive Officer of VeriChip Corporation
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VeriChip Re-Launches its VeriMed Health Link EHR System
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VeriChip Corporation Re-Launches its VeriMed Health Link
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VeriChip Corporation Re-Launches its VeriMed Health Link Electronic Health Records System
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Steel Vault Completes $500,000 Convertible Debt Financing With Support From Companys Management Team
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