Digital Angel Receives Special Dividend of $7.2 Million from VeriChip Corporation
02 9월 2008 - 9:00PM
Business Wire
Digital Angel (NASDAQ:DIGA), an advanced technology company in the
field of animal identification and emergency identification
solutions, announced today that it received a special dividend of
approximately $7.2 million in cash from VeriChip Corporation.
VeriChip previously announced that it would pay a special cash
dividend of $1.35 per share on August 28, 2008, to its stockholders
of record on August 18, 2008. Digital Angel owns approximately 45%
of the common stock of VeriChip Corporation. Approximately $5.8
million of the cash received from the dividend will be applied to
debt repayment, with the balance to be used for working capital. As
a result, the Company�s term debt will be reduced by almost half,
to approximately $6.0 million, the Company said. About Digital
Angel Digital Angel (www.digitalangel.com) is an advanced
technology company in the field of animal identification and
emergency identification solutions. Digital Angel's products are
utilized around the world in such applications as pet
identification using its patented, FDA-approved implantable
microchip; livestock identification and tracking using visual and
radio frequency identification (RFID) ear tags; and global
positioning system (GPS) search and rescue beacons for use on
aircraft, ships and boats, and by adventure enthusiasts. Digital
Angel is an approximately 45% stockholder of VeriChip Corporation
(NASDAQ:CHIP). This press release contains certain
�forward-looking� statements (as such term is defined in the
Private Securities Litigation Reform Act of 1995). These
forward-looking statements are based on the Company's current
expectations and beliefs and are subject to a number of risks,
uncertainties and assumptions. Additional information about these
and other factors that could affect the Company's businesses is set
forth in the Company's Form 10-K under the caption "Risk Factors"
filed with the Securities and Exchange Commission ("SEC") on March
17, 2008, and subsequent filings with the SEC. The Company
undertakes no obligation to update or release any revisions to
these forward-looking statements to reflect events or circumstances
after the date of this statement or to reflect the occurrence of
unanticipated events, except as required by law.
Verichip (MM) (NASDAQ:CHIP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Verichip (MM) (NASDAQ:CHIP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
Verichip (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
More Digital Angel News Articles