VeriChip Receives $4.4 Million in Cash Proceeds Related to Sale of Its Former Xmark Corporation Subsidiary to The Stanley Works

DELRAY BEACH, Fla.--(BUSINESS WIRE)--VeriChip Corporation (NASDAQ:CHIP) (“VeriChip” or the “Company”), a provider of radio frequency identification (RFID) systems for healthcare and patient-related needs, announced today that it has received $4.4 million in escrow proceeds related to the July 2008 sale of its former Xmark Corporation subsidiary to The Stanley Works.
MORE ON THIS TOPIC