BNET Industries

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. Silverman
Number of Employees 152
Contact Information

1690 South Congress Avenue

Suite 200

Delray Beach, Florida 33445

www.verichipcor...

(561) 805-8008

NAICS Code Other Communications Equipment Manufacturing: 334290

Recent Events

  • Gibraltar Associates Named Agency of Record for Health Information and Diagnostic Provider PositiveI

    12/14/09 - Merger / Acquisition - View Story

  • VeriChip’s Merger With Credit Monitoring Firm Worries Privacy Activists

    12/09/09 - Merger / Acquisition - View Story

  • Verichip Corporation acquires Steel Vault

    11/10/09 - Merger / Acquisition - View Story

  • VeriChip CHIP Partners with Diabetes Research Institute on Glucose-Sensing RFID Microchip

    10/21/09 - Joint Venture / Alliance - View Story

  • VeriChip Corporation and RECEPTORS LLC to Unveil Development Details of Virus Triage Detection System for...

    10/16/09 - Product Announcement - View Story

  • VeriChip Taps Raytheon Microelectronics Espana for Manufacturing

    10/09/09 - Licensing / Contract - View Story

  • VeriChip Corporation Selects Raytheon Microelectronics Espaa to Manufacture Its Products

    10/05/09 - Licensing / Contract - View Story

  • VeriChip Gets Exclusive License for Patents Used in Virus Triage Detection System for H1N1 Virus

    10/02/09 - Merger / Acquisition - View Story

  • VeriChip CHIP In Deal to Raise Up to $10M

    9/29/09 - Joint Venture / Alliance - View Story

  • VeriChip Secures Financing Commitment

    10/03/09 - Joint Venture / Alliance - View Story

  • Steel Vault Corporation Finalizes Special Meeting Date of November 10, 2009 to Complete Merger...

    10/08/09 - Merger / Acquisition - View Story

  • Global Entry passes 650K enrolled

    9/24/09 - Product Announcement - View Story

  • VeriChip to Enter Security Field

    9/08/09 - Merger / Acquisition - View Story

  • VeriChip Re-Launches its VeriMed Health Link EHR System

    8/26/09 - Product Announcement - View Story

  • VeriChip Corporation Re-Launches its VeriMed Health Link

    8/24/09 - Product Announcement - View Story

  • VeriChip Corporation Re-Launches its VeriMed Health Link Electronic Health Records System

    8/24/09 - Product Announcement - View Story

News & Analysis

thompson and verichip - All News and Analysis

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

  • Scott R. Silverman Resumes the Role of Chief Executive Officer of VeriChip Corporation

    Business Wire - 8/27/09 - View Story

  • VeriChip Re-Launches its VeriMed Health Link EHR System

    TradingMarkets - 8/26/09 - View Story

  • VeriChip Corporation Re-Launches its VeriMed Health Link

    Business Wire via MSN Money - 8/24/09 - View Story

  • VeriChip Corporation Re-Launches its VeriMed Health Link Electronic Health Records System

    RBC Dain Raushcer - 8/24/09 - View Story

  • Steel Vault Completes $500,000 Convertible Debt Financing With Support From Companys Management Team

    Business Wire - 6/05/09 - View Story

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