VeriChip Corporation Supports Introduction of Personal Health Information Act
March 01 2007 - 8:30AM
PR Newswire (US)
DELRAY BEACH, Fla., March 1 /PRNewswire-FirstCall/ -- VeriChip
Corporation (NASDAQ:CHIP), a provider of RFID systems for
healthcare and patient-related needs, announced today its support
of the Personal Health Information Act, introduced by Congressman
Patrick Kennedy. The bill proposes to set up a fund to provide
financial incentives for physicians who establish interactive
electronic personal health records for their patients. VeriChip
believes that the introduction of this bill represents a major
milestone in the proliferation of more consistent, accurate
personal health records for patients in the United States. VeriChip
further believes that its VeriMed Patient Identification System,
consisting of the VeriMed implantable microchip and corresponding
patient database, is the appropriate solution for establishing
electronic medical records for at-risk patients. Scott R.
Silverman, VeriChip's Chairman and Chief Executive Officer,
commented, "The launching of this legislation illustrates the
importance of personal health records to the future of the U.S.
healthcare system, particularly concerning the reduction of medical
errors and cost savings from elimination of redundancies. This is a
significant step that will allow physicians the ease to move a
patient's data from his or her electronic health record into a
patient's personal health record with a mouse click. We believe
that such an initiative can ultimately increase the quality of
patient care, a concept we are extremely focused on within our
VeriMed business. We commend Congressman Kennedy for his
introduction of this bill." About VeriChip Corporation VeriChip
Corporation, headquartered in Delray Beach, Florida, develops,
markets and sells radio frequency identification, or 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. VeriChip sells passive RFID systems for
identification purposes and active RFID systems for local-area
location and identification purposes. VeriChip recently began to
market its VeriMed(TM) Patient Identification 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(TM), cleared for medical use in October 2004 by the United
States Food and Drug Administration. VeriChip Corporation is
majority-owned by Applied Digital Inc. (NASDAQ:ADSX), which also
owns a majority position in Digital Angel Corporation (AMEX:DOC).
For more information on VeriChip, please call 1-800-970-2447, or
email . Additional information can be found online at
http://www.verichipcorp.com/. Certain statements herein are
"forward-looking statements". Such forward- looking statements are
not historical facts but instead reflect VeriChip's current
expectations or beliefs concerning future events and results of
operations, many of which, by their nature, are inherently
uncertain and outside of VeriChip's control. It is possible that
actual results may differ, possibly materially, from those
anticipated in these forward-looking statements. For a discussion
of some of the risks and important factors that could affect future
events and results of operations, see the discussion in our
Registration Statement on Form S-1 (Commission file number
333-130754) under the caption "Risk Factors." VeriChip does not
undertake to publicly update or revise its forward-looking
statements, whether as a result of new information, future events
or otherwise. Contact: VeriChip Corporation The Ruth Group Allison
Tomek Nick Laudico (investors) 561-805-8000 (646) 536-7030 Jason
Rando (media) (646) 536-7025 DATASOURCE: VeriChip Corporation
CONTACT: Allison Tomek of VeriChip Corporation, +1-561-805-8000, ;
or investors, Nick Laudico of The Ruth Group, +1-646-536-7030, , or
media, Jason Rando of The Ruth Group, +1-646-536-7025, , both for
VeriChip Corporation Web site: http://www.verichipcorp.com/
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