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VeriChip agrees to acquire Steel Vault Corporation to form PositiveID corporation.

Publication: RFID (Radio Frequency Identification) Newsletter
Publication Date: 01-SEP-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: VeriChip agrees to acquire Steel Vault Corporation to form PositiveID corporation.(MERGERS AND ACQUISITIONS)

Article Excerpt
VeriChip Corporation, a provider of radio frequency identification (RFID) systems for healthcare and patient-related needs, and Steel Vault Corporation, a provider of identity security products and services, announced that VeriChip has agreed to acquire Steel Vault and form PositiveID Corporation to offer identification tools and technologies for consumers and businesses. In conjunction with the merger, VeriChip plans to change its name to PositiveID and continue to trade on the NASDAQ. PositiveID intends to change its ticker symbol to "PSID" upon closing of the transaction.

The formation of PositiveID represents the convergence of a pioneer in personal health records, VeriChip, with a leader in the identity security space,...



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