...ahhhh yessss....and I remember when the US Social Security card stated on the back "not to be used for identification" but today you don't exist without it......
Nov 11, 2009 (M2 EQUITYBITES via COMTEX) -- CHIP | Quote | Chart | News | PowerRating -- Radio frequency identification (RFID) systems provider VeriChip Corporation (NASDAQ:CHIP) reported on Tuesday that it has completed its of identity security products company Steel Vault Corporation (OTCBB:SVUL).
Following the merger the company has changed its name to PositiveID Corporation and will trade on NASDAQ under the symbol 'PSID'.
The combined company will initially focus on health and security identification tools, operating in two main divisions, HealthID and ID Security.
Under the terms of the acquisition Steel Vault stockholders will receive 0.5 shares of VeriChip common stock for each share owned.