A Chip of the old CIA block?
BushTracker | 12.08.2005 21:37 | Analysis | World
Sign up today to be among the first in the world to "Get Chipped" for george dubya bushit's military industrial complex and the cia.
Get Chipped?
Just when they
thought the Patriot
Act was getting
under their skin!
US: VeriShit Pre-Registration Program
VeriShit, the world's first subdermal personal verification technology, announces a special, introductory pre-registration program.
Sign up today to be among the first in the world to "Get Chipped" for george dubya bushit's military industrial complex and the cia.
They invite you to fill out the pre-registration form below to qualify for this special introductory offer for the first 100,000 registrants and all qualified ADS Shareholders.
$50 Off - All ADSX stockholders of record will receive a $50 discount at the time of their "chipping" procedure.
$50 Off - First 100,000 registrants will receive a $50 introductory savings at the time of the their "chipping" procedure.
They'd appreciate your interest but this is VeriShit. This pre-registration program is designed to assist the cia, the american military industrial complex and a VeriShit Corporation in determining where and when to open Authorized VeriShit Centers in the United States. Pending further regulatory clarification, the Company will make announcements regarding the timing of future shiting procedures and Authorized VeriShit Centers.
Sign up today just ring the cia, and get them toll free - Call the CIA on NY 10801-4210 914) 636-4246
VeriShit: There when neo-cons need you.
More: http://www.adsx.com/prodservpart/verichippreregistration.html
Just when they
thought the Patriot
Act was getting
under their skin!
US: VeriShit Pre-Registration Program
VeriShit, the world's first subdermal personal verification technology, announces a special, introductory pre-registration program.
Sign up today to be among the first in the world to "Get Chipped" for george dubya bushit's military industrial complex and the cia.
They invite you to fill out the pre-registration form below to qualify for this special introductory offer for the first 100,000 registrants and all qualified ADS Shareholders.
$50 Off - All ADSX stockholders of record will receive a $50 discount at the time of their "chipping" procedure.
$50 Off - First 100,000 registrants will receive a $50 introductory savings at the time of the their "chipping" procedure.
They'd appreciate your interest but this is VeriShit. This pre-registration program is designed to assist the cia, the american military industrial complex and a VeriShit Corporation in determining where and when to open Authorized VeriShit Centers in the United States. Pending further regulatory clarification, the Company will make announcements regarding the timing of future shiting procedures and Authorized VeriShit Centers.
Sign up today just ring the cia, and get them toll free - Call the CIA on NY 10801-4210 914) 636-4246
VeriShit: There when neo-cons need you.
More: http://www.adsx.com/prodservpart/verichippreregistration.html
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To protect wander-prone residents
13.08.2005 11:52
Acquisition Further Expands VeriChip Corporation's RFID Products for People and Increases VeriChip Corporation's Estimated Annual Revenue to between $22 and $24 Million
DELRAY BEACH, FL, Jun 10, 2005 -- VeriChip Corporation, a subsidiary of Applied Digital (NASDAQ: ADSX), announced today that its Canadian subsidiary has completed the acquisition of Ottawa, Ontario-based Instantel Inc. (www.instantel.com and www.xmarksystems.com). Instantel is a privately-held Canadian company which manufactures high-quality remote monitoring products in the areas of healthcare security and vibration monitoring for a diverse customer base. VeriChip paid $22 million in cash and will issue up to an additional $3 million in the future in some combination of cash, VeriChip Corporation stock and Applied Digital stock, depending on whether and when VeriChip Corporation has an initial public offering of its common stock. With this acquisition, VeriChip Corporation estimates that the combined companies will generate annual (i.e. next 12 months) revenue between $22 and $24 million.
Instantel Inc.'s Xmark(R) division specializes in smart tag technology for protecting people and assets in healthcare environments. Its Hugs(R) product line is a popular RFID system for preventing the abduction of newborn infants in hospital, while the WatchMate(R) system is used in long-term care facilities to protect wander-prone residents. Instantel recorded revenue of $12.8 million for its fiscal year ended December 31, 2004 with EBITDA of approximately $3.6 million. During the past five years, Instantel's reported revenue reflects a compound annual growth rate of approximately 14%, with strong gross margins and EBITDA margins.
"This acquisition represents another important component of building VeriChip Corporation," said Kevin H. McLaughlin, CEO of VeriChip Corporation. "Instantel brings to VeriChip a strong R&D and management team, combined with an extensive dealer channel focused on the healthcare market. With the addition of eXI Wireless and now Instantel, VeriChip has acquired a substantial base of revenue, an important distribution network and cutting-edge RFID products for safety and security in healthcare environments. We continue to take aggressive measures to position VeriChip as a leader in RFID for people."
In connection with this acquisition, Applied Digital issued, in a private placement, warrants and shares of preferred stock for $12.5 million. The preferred stock was purchased by Satellite Strategic Finance Associates, LLC and Satellite Strategic Finance Partners, Ltd. The preferred stock converts into the Company's common stock at a premium to the Company's current market price. Applied Digital also entered into a debt financing with those institutional investors for $5 million. Additional details about the private placement, acquisition and financing will be included in the Company's Form 8-K.
With over twenty years in the remote monitoring industry, Instantel has established a proven track record for high quality and innovative products, efficient production and reliable distribution. Instantel's product lines are comprised of radio frequency identification ("RFID") systems for infant protection, wander prevention, emergency response and high-value asset tracking within the healthcare industry and vibration monitoring devices for the construction, mining and blasting industries.
Founded in 1982, Instantel has developed a recurring revenue model, where its installed product base generates annual revenue from the sales of consumable products and from product servicing. Instantel has achieved a leading position within each of its markets. In vibration monitoring Instantel believes it maintains a leading market share position with an estimated 35%. Additionally, in the healthcare security market, Istantel has achieved significant and growing market positions, highlighted by an estimated 30% share in infant protection and 15% share in wander prevention.
ITALIAN MINISTRY OF HEALTH APPROVES CLINICAL STUDY EVALUATING THE VERICHIP HEALTHCARE APPLICATION IN ROME, ITALY
Study To Begin at Instituto Nazionale Lazzaro Spallanzani Hospital on April 26th
PALM BEACH, FL- April 20, 2004 - Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, announced today that the Italian Ministry of Health has approved a clinical study utilizing the VeriChip healthcare application, VeriMed™. The study will commence at the Instituto Nazionale Lazzaro Spallanzani Hospital in Rome, Italy on April 26, 2004.
The principal investigator, Dr. Giorgio Antonucci, presented the study's protocol to the Italian Ministry of Health and has received approval to proceed. The study is designed to observe the VeriMed™ technology function during care provided to patients whose medical conditions impede conveying vital information to the hospital's medical staff. Patients will be given the opportunity to utilize the VeriMed™ technology to provide their personal identification information and recent medical history. Dr. Antonucci and his staff are expected to begin patient enrollment in the program immediately. It is anticipated that the objectives of the study will be realized in six months, at which time the findings will be presented to the Italian Ministry of Health.
Commenting on the Rome clinical study announcement, Richard Seelig, MD, Vice President of Medical Applications of the VeriChip Corporation stated, "We are pleased that the Ministry of Health of Italy and the prestigious Instituto Nazionale Lazzaro Spallanzani Hospital have designed and approved a study to evaluate the VeriMed™ system's impact on improving the quality of care provided to their patients."
The logistics and technical support for the study in Rome are being provided by Biotronica SRL, a subsidiary of Fanara And Associates SRL, the exclusive VeriChip distributor for Italy.
Welcome to VeriChip...
...the world's premier Radio Frequency Identification (RFID) company for people. VeriChip is a wholly-owned subsidiary of Applied Digital and today, serves the healthcare, industrial, security, and government markets with a range of market-leading identification, tracking, and protection solutions. From the first and only patented, FDA-cleared, human-implantable RFID microchip to the only patented active RFID tag with skin-sensing capabilities, VeriChip leads the way in next-generation RFID technologies.
Delray Beach, FL - VeriChip has acquired Instantel and its healthcare division, Xmark, solidifying VeriChip's position as the premier RFID company for people. Please stay tuned for updates to this Web site representing the larger VeriChip. Click here for further details on the acquisition.
About VeriChip™
VeriChip is a subdermal, radio frequency identification (RFID) device that can be used in a variety of security, financial, emergency identification and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number that is captured by briefly passing a proprietary scanner over the VeriChip. The standard location of the microchip is in the triceps area between the elbow and the shoulder of the right arm. The brief outpatient "chipping" procedure lasts just a few minutes and involves only local anesthetic followed by quick, painless insertion of the VeriChip. Once inserted just under the skin, the VeriChip is inconspicuous to the naked eye. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. In October 2002, the US Food and Drug Administration (FDA) ruled that VeriChip is not a regulated device with regard to its security, financial, personal identification/safety applications but that VeriChip's healthcare information applications are regulated by the FDA. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions. For more information, visit the company's website at http://www.4verichip.com.
About Applied Digital Solutions, Inc.
Applied Digital Solutions is an advanced technology development company that focuses on a range of early warning alert, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Wireless unit, the Company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. For more information, visit the company's website at http://www.adsx.com.
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. The Company intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Companyís 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.
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