The Verichip IPO is still stalled. The initial S-1 was filed on December 29, 2006 and the last amendment was filed on June 26. Verichip is a sub of ADSX. News from another ADSX controlled entity:
Digital Angel Targets $100 Million Equine Market
Monday September 25, 10:51 am ET
California Has Ordered 4,000 Bio-Thermo Chips for Horses
500 Chips Already Implanted
Company Plans to Launch National Marketing Effort
SO. ST. PAUL, Minn.--(BUSINESS WIRE)--Following strong demand for its Bio-Thermo(TM) chip in California and a successful regional marketing program, Digital Angel Corporation (Amex: DOC - News) today announced an aggressive national initiative to target the more than $100 million equine market for identification products with its patented, temperature-sensing implantable microchip.
The product, Bio-Thermo(TM), will provide approximately 8 million horses in the United States with a unique identification and health status surveillance required by local and state equine animal health professionals. Digital Angel, which specializes in the field of rapid and accurate identification, location tracking, and condition monitoring of high-value assets, is in discussions with several large distributors.
"This is a major development for Digital Angel. The early results of our current program in Southern California have been overwhelmingly positive. Since late last year the California Horseracing Board, a division of the California Department of Agriculture, has been using federal funds to implant all new, in-coming young horses entering their racing career, with the Digital Angel Bio-Thermo chips," said President and CEO Kevin N. McGrath. "To date, the California Horseracing Board has purchased 1,500 Bio-Thermo chips, out of an order of 4,000, and an estimated 500 horses at Southern California racetracks have already been successfully implanted."
According to the company, The New York State Horse Health Assurance Program recently implemented a comprehensive health campaign that utilizes Bio-Thermo chips, and other state agencies are expected to launch similar programs.
The bio-thermo microchip is about the size of a grain of rice. It is easily, and harmlessly, injected into the crest of a horse's neck. The chip monitors the horse's temperature, which is a good indicator of the animal's health. The chip also contains a unique identification number that, when activated by a scanner, can be connected to a database with the horse's documentation.
Digital Angel has made significant progress in its electronic tags for livestock segment, a critical growth area for the company. It expects to post record-breaking numbers by the end of September, anticipating sales of 1.9 million electronic RFID livestock in the first nine months of 2006, rapidly exceeding full-year 2005 sales. Additionally, the U.S. Department of Agriculture named Digital Angel the first animal tag manufacturer in the government-sponsored National Animal Identification System program, underscoring the company's leadership position in the market.
"In bringing this new heat-sensing technology to the robust equine market, we are building from our leadership position in implantable tracking devices for livestock, pets and fish," said McGrath. "We are confident that nearly every horse in the United States can benefit from our Bio-thermo microchips, which will provide proper documentation, monitoring for infectious diseases, and preventing theft."
The announcement of the national equine chipping program reinforces the company's commitment to expand revenues and drive shareholder and market value. Digital Angel is already marketing the Bio-Thermo chip in the companion pet markets in the United Kingdom and Japan.
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