Applied Digital's VeriChip Corporation Strengthens its Washington Team with Two Leading Firms--Oldaker, Biden & Belair and DCI Group.DELRAY BEACH, Fla. -- Applied Digital (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), a provider of Security Through Innovation(TM), announced today that its wholly-owned subsidiary, VeriChip Corporation, has retained Oldaker, Biden & Belair and DCI Group to join its Washington team. VeriChip's Washington team focuses on ensuring the Company takes a responsible, patient-oriented leadership role on privacy matters; educating Congress and other leaders on VeriChip's utility for certain applications; and generating government-based revenue from federal agencies that have needs for VeriChip's loss-proof, tamper-proof identification technology in the medical and security arenas. Bob Belair, one of the principals of Oldaker, Biden & Belair, formerly served as General Counsel of the National Commission on the Confidentiality of Health Records and is recognized internationally as a leader in privacy matters. DCI Group is a full-service public affairs firm with broad experience in the technology industry. Clients include Microsoft and AT&T. "Washington is a key market for VeriChip and we are fortunate to now have the resources to add top-notch firms to our efforts," said Scott R. Silverman, Applied Digital's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "With the recent FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance to market VeriChip for its medical applications, we have initiated significant steps to penetrate the domestic private sector, as demonstrated by our agreement with Henry Schein, Inc. the largest distributor of healthcare products to office-based practitioners in North America. The potential among the armed services, for example, is substantial, as the need for secure identification and access to reliable medical records anywhere in the world is more important than ever before. We look forward to working with these leading firms and the Washington Federal community to make the broad adoption of VeriChip a reality." Recently, Dr. Richard Seelig, Vice President of Medical Applications for VeriChip was invited to present before a hearing held by the Subcommittee on Privacy and Confidentiality of the National Committee on Vital and Health Statistics (NCVHS NCVHS National Committee on Vital and Health Statistics ), a statutory public advisory body to the Secretary of Health and Human Services Noun 1. Secretary of Health and Human Services - the person who holds the secretaryship of the Department of Health and Human Services; "the first Secretary of Health and Human Services was Patricia Roberts Harris who was appointed by Carter" (HHS HHS Department of Health and Human Services. ). The NCVHS and its Subcommittees are charged with advising HHS on the implementation of the Administrative Simplification provisions of the Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when of 1996 (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, ), and also provide advice and assistance to HHS. About Oldaker, Biden & Belair: Based in Washington, Oldaker, Biden & Belair, LLP LLP - Lower Layer Protocol is a law firm offering a full range of services in the legal, consulting and lobbying spheres. Founded by principals with over thirty years experience, the firm is ideally positioned to advise and shepherd the interests of a diverse and international clientele from a wide array of sectors. Oldaker, Biden & Belair's network of contacts throughout the private sector, the Executive Branch and Congress enables the firm to react speedily to a client's needs, answer a client's questions and ultimately solve a client's problems. This network allows the firm to monitor effectively a client's issues from legislation to implementation. The consulting and lobbying practice advises clients on a diverse number of public policy issues with particular focus on privacy, technology, and international trade. About DCI Group: DCI Group is a full-service public and government affairs firm comprised of more than 150 veterans of federal and state politics and public policy. The firm includes Washington, DC-based lobbyists, public relations professionals, political operatives, and a national field team of legislative and grassroots professionals based in all 50 states that helps shape public opinion and outcomes "outside the Beltway." This combination of factors makes DCI virtually unchallenged in the public and government affairs community. DCI provides government affairs representation for clients before Congress and the Executive Branch in the areas of federal appropriations, taxes, trade, health care, financial services, technology, energy and natural resources, communications and homeland security. About VeriChip: VeriChip Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Applied Digital. The VeriChip product is a sub dermal RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. micro transponder that can be used in a variety of security, financial, emergency identification and healthcare applications. About the size of a grain of rice, each VeriChip device contains a unique verification number that is captured by briefly passing a proprietary scanner over the VeriChip. In October 2004, the U.S. Food and Drug Administration (FDA) cleared VeriChip for medical applications in the United States. VeriChip is not an FDA-regulated device with regard to its security, financial, personal identification/safety applications and is MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. compatible. About Applied Digital: Applied Digital develops innovative security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide security 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 of Security Through Innovation. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX AMEX See: American Stock Exchange : DOC). 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion