VeriChip Corporation Signs Four New Distributors for Subdermal RFID VeriChip

PALM BEACH, Fla. — Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, today announced that its wholly owned subsidiary, VeriChip Corporation, has awarded the exclusive rights to distribute VeriChip in three states, including Florida, Georgia and Tennessee.

The company has also awarded territories to distributors in Puerto Rico and Central America. The distributors have collectively agreed to quotas to purchase 66,763 VeriChips and 4,945 scanners over the terms of the agreements. Each of the distributor’s plans call for using VeriChip for security-related and emergency identification applications.

[...]The Company also awarded the territory of Puerto Rico exclusively to Cybertek Puerto Rico, Inc. Cybertek is required to purchase 2,000 VeriChips and 60 scanners during the term of the agreement.[...]

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