VeriChip Corp. to Present at Rodman & Renshaw Annual Global Investment Conference to Discuss Company's Merger with Steel Vaul...
09 9월 2009 - 5:19AM
Business Wire
VeriChip Corporation (NASDAQ:CHIP) ("VeriChip"), a provider of
radio frequency identification (RFID) systems for healthcare and
patient-related needs, and Steel Vault Corporation (OTCBB:SVUL)
("Steel Vault"), a premier provider of identity security products
and services, announced today that VeriChip's chief executive
officer, Scott R. Silverman, will present at the Rodman &
Renshaw Annual Global Investment Conference at the New York Palace
Hotel in New York City on September 9, 2009, to discuss PositiveID.
Earlier today the companies announced that VeriChip has agreed to
acquire Steel Vault and form PositiveID Corporation to provide
identification tools and technologies for consumers and businesses.
The presentation will take place at 12:30 p.m.
The presentation will be posted on the VeriChip website at
www.verichipcorp.com and the Steel Vault website at
www.steelvaultcorp.com on the morning of September 9, 2009. The
presentation will also be webcast at
http://www.wsw.com/webcast/rrshq15/svul.ob.
About PositiveID Corporation
On September 8, 2009, Steel Vault announced it agreed to be
acquired by VeriChip Corporation to form PositiveID Corporation.
PositiveID will provide identification technologies and tools to
protect consumers and businesses. The companies expect the merger
to close in the fourth quarter of 2009.
About Steel Vault Corporation
Steel Vault, formerly known as IFTH Acquisition Corp., is a
premier provider of identity security products and services,
including credit monitoring, credit reports, and other identity
theft protection services. Since 2004, its subsidiary, National
Credit Report.com, has specialized in providing a variety of credit
information to consumers to help protect them from identity theft
and fraud.
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.
Additional Information and Where to Find It
On September 8, 2009, VeriChip and Steel Vault issued a joint
press release announcing the signing of an Agreement and Plan of
Reorganization, among VeriChip, Steel Vault and VeriChip
Acquisition Corp., a Delaware corporation and wholly-owned
subsidiary of VeriChip (the “Acquisition Subsidiary”), pursuant to
which the Acquisition Subsidiary will be merged with and into Steel
Vault, with Steel Vault surviving and becoming a wholly-owned
subsidiary of VeriChip(the “Merger”). Upon the consummation of the
Merger, each outstanding share of Steel Vault’s common stock will
be converted into 0.5 shares of VeriChip common stock.
In connection with the Merger, VeriChip intends to file with the
Securities and Exchange Commission (“ SEC”) a Registration
Statement on Form S-4 that will contain a Joint Proxy
Statement/Prospectus of VeriChip and Steel Vault. Investors and
security holders are urged to read the Registration Statement and
the Joint Proxy Statement/Prospectus carefully when they become
available because they will contain important information about
VeriChip, Steel Vault and the proposed transaction. The Joint Proxy
Statement/Prospectus and other relevant materials (when they become
available), and any other documents filed with the SEC, may be
obtained free of charge at the SEC’s web site (www.sec.gov). In
addition, investors and security holders may obtain a free copy of
other documents filed by VeriChip or Steel Vault by directing a
written request, as appropriate, to VeriChip at 1690 South Congress
Avenue, Suite 200 Delray Beach, Florida 33445, Attention: Investor
Relations, or to Steel Vault at 1690 South Congress Avenue, Suite
200 Delray Beach, Florida 33445, Attention: Investor Relations.
Investors and security holders are urged to read the Joint Proxy
Statement/Prospectus and the other relevant materials when they
become available before making any voting or investment decision
with respect to the proposed transaction.
VeriChip, Steel Vault and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies in connection with the proposed
transaction.
Information regarding the interests of these directors and
executive officers in the proposed transaction will be included in
the Joint Proxy Statement/Prospectus referred to above. Additional
information regarding the directors and executive officers of
VeriChip is also included in VeriChip's Form 10-K which was filed
with the SEC on February 12, 2009. Additional information regarding
the directors and executive officers of Steel Vault is also
included in Steel Vault's proxy statement (Form DEF 14A) for
the 2009 annual meeting of Steel Vault's stockholders, which was
filed with the SEC on February 9, 2009, as amended. These documents
are available free of charge at the SEC’s website (www.sec.gov) and
by contacting Investor Relations at the addresses above.
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