DELRAY BEACH, Fla. November 11, 2009 – PositiveID Corporation, formerly known as VeriChip Corporation (formerly NASDAQ: CHIP), ("PositiveID" or the “Company”), announced today that following its merger yesterday with Steel Vault Corporation (formerly OTCBB: SVUL), it will begin trading under a new ticker symbol, PSID, effective today, November 11, 2009. PositiveID provides unique health and security identification tools to protect consumers and businesses. The Company has also unveiled its new logo and a new corporate website at www.PositiveIDCorp.com.
About PositiveID Corporation
PositiveID Corporation provides identification technologies and tools to protect consumers and businesses. PositiveID operates in two main divisions, its HealthID business and its ID Security business. For more information on PositiveID, please visit www.positiveidcorp.com.
Forward Looking Statements
Statements about the Company's future expectations, including its ability to provide unique health and security identification tools to protect consumers and businesses, and all other statements in this press release other than historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. These risks and uncertainties include competitive and economic influences as well as certain other risks. Additional information about these and other factors that could affect the Company’s business is set forth in the Company’s various filings with the Securities and Exchange Commission, including those set forth in the Company’s 10-K filed on February 12, 2009, under the caption “Risk Factors.” The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.