VeriChip Corporation Establishes a New Division to Focus and Invest in Clean and Alternative Energy Sector

VeriChip Corporation (NASDAQ:CHIP) (�VeriChip or �Company�) announced today that it has established a new subsidiary, VeriGreen Energy Corporation, to focus and invest in the clean and alternative energy sector. The Company is currently evaluating several opportunities and is looking to invest in companies with existing operations and infrastructure.

In July of 2008, the Company completed the sale of its primary operating subsidiary for nearly $48 million. Since then, the Company has considered opportunities in high-growth markets to diversify beyond its healthcare business. For several months, the Company has been examining a variety of opportunities in the energy sector and, in turn, has established this new division.

Following the recently signed stimulus package, which will invest nearly $79 billion in renewable energy, the Company intends to invest in clean and alternative sources of energy to complement its existing healthcare initiatives.

Commenting on the new division, Scott R. Silverman, Executive Chairman, stated, �With our country in its current economic condition, there are two clear areas in which the Obama administration will invest heavily � healthcare and energy. Due to our unique positioning at this time and our strong balance sheet, VeriChip is poised to capitalize on both.�

About VeriChip Corporation

VeriChip Corporation, headquartered in Delray Beach, Florida, has developed the VeriMed� Health Link 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, cleared for medical use in October 2004 by the United States Food and Drug Administration.

For more information on VeriChip, please call 1-800-970-2447, or e-mail info@verichipcorp.com. Additional information can be found online at www.verichipcorp.com.

Statements about VeriChip�s future expectations, including future revenues and earnings, its ability to find and invest in clean and alternative energy companies, and its ability to capitalize on the investments the Obama administration is making in healthcare and energy, 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 VeriChip�s actual results could differ materially from expected results. Additional information about these and other factors that could affect the Company�s business is set forth in the Company�s various filings with the Securities and Exchange Commission, including those set forth in the Company�s 10-K filed on February 12, 2009, under the caption �Risk Factors.� 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