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VeriChip Corporation Signs New Distribution Agreement for Germany; Receives Purchase Order for 500 VeriChips(TM) and 50 ScannersDELRAY BEACH, Fla. --(Business Wire)-- Sept. 15, 2005 -- VeriChip Corporation, the world's premier RFID company for people and a subsidiary of Applied Digital (NASDAQ: ADSX), announced today that it has entered into a non-exclusive distribution agreement with Service Company GmbH of Lampertheim, Germany, to supply VeriChip(TM) microchips and scanners for sale in Germany. The initial purchase order from Service Company is for 500 chips and 50 scanners, with 100 chips and 10 scanners to be shipped immediately. Founded in 1998, Service Company GmbH supplies products to healthcare, industrial and government markets in Germany. The VeriChips and scanners are expected to be sold for healthcare and security applications in Germany, Service Company said. About VeriChip - "RFID for People" VeriChip is a subsidiary of Applied Digital and provides state-of-the-art RFID security solutions that identify, locate, and protect people, their assets, and their environments. From the world's first and only FDA-cleared, human-implantable RFID microchip to the only active RFID tag with patented skin sensing capabilities, VeriChip's technology ensures the safety and security organizations are looking for. Its market-leading infant protection, wander prevention, asset tracking, and patient identification applications make VeriChip the predominant RFID solutions provider in the healthcare industry. And today, VeriChip systems are installed in over 4,000 locations worldwide in healthcare, security, industrial, and government markets making it the world's premier RFID company for people. For more information on VeriChip, please visit www.verichipcorp.com. About Applied Digital - "The Power of Identification Technology" Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification technology. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX:DOC). Statements about the Company's future expectations, including future revenues and earnings, 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 the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. |
