VeriChip Corporation Announces the Pricing of Its Initial Public Offering

DELRAY BEACH, Fla., Feb. 9  /PRNewswire-FirstCall/ -- VeriChip Corporation ("VeriChip" or "the Company") announced today the pricing of its initial public offering.  The Company is offering 3,100,000 shares of its common stock at $6.50 per share, before underwriting discounts and commissions.  VeriChip's common stock will be traded on the NASDAQ Global Market under the symbol "CHIP".

Merriman Curhan Ford & Co. is the book-running manager for the offering and C.E. Unterberg, Towbin and Kaufman Bros., L.P.  are co-managers.

In addition to the shares being offered by the Company, Applied Digital Solutions, Inc., the Company's largest shareholder, has granted the underwriters a 30-day option to purchase up to an additional 465,000 shares of the Company's common stock to cover over-allotments, if any.

VeriChip develops, markets and sells radio frequency identification, or RFID, systems used to identify, locate and protect people and assets.  The offering of these securities is made only by means of a prospectus, copies of which may be obtained from Merriman Curhan Ford & Co., 600 California St., San Francisco, CA, 94108 (telephone [phone] or fax: [phone]).

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission on February 9, 2007.  This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.  The offering will be made only by means of a prospectus.

  Contact:
  VeriChip Corporation
  Allison Tomek, Investor Relations
  Phone: [phone]



Certain statements herein are "forward-looking statements". Such forward- looking statements are not historical facts but instead reflect the Company's current expectations or beliefs concerning future events and results of operations, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future events and results of operations, see the discussion in our Registration Statement on Form S-1 (Commission file number 333-130754) under the caption "Risk Factors."  The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. 

DATASOURCE: VeriChip Corporation



CONTACT:  Allison Tomek, Investor Relations, VeriChip Corporation,

[phone]

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