28 January 2008
Partnership with Global Animal Management Strengthens Digital Angel’s Mission
to Become a Leader in Food Safety
Digital Angel (NASDAQ: DIGA), an advanced technology company in the field of rapid and accurate identification, location tracking and condition monitoring of high-value assets, has, through its recent acquisition of Geissler Technologies, taken another significant step toward becoming the premier provider of food safety solutions for the food production markets by leveraging Geissler Technologies’ extensive commercial relationship with Global Animal Management, Inc. (GAM), a wholly-owned subsidiary of Schering-Plough Corporation (NYSE: SGP). GAM provides data collection, data management and data reporting services to the food producing, processing and purveying industries.
Schering-Plough, parent company of Schering-Plough Animal Health, recently acquired Organon BioSciences, with its Organon human health and Intervet animal health businesses. The combination of these companies makes Schering-Plough one of the largest animal health companies in the world, doing business in over 100 countries. GAM has the technology platform, global reach and market knowledge needed to connect Digital Angel’s unique animal identification technology across the entire food chain. Some specific applications of GAM’s products and services are for compliance initiatives such as the National Animal ID Plan (USAIP) and Country of Origin Labeling (COOL) laws.
Joseph J. Grillo, Chief Executive Officer of Digital Angel, stated, “GAM is a recognized market leader in data services associated with food production. GAM has developed a unique and comprehensive data system used by the food production industry to meet ‘best practices’ programs in support of current and future food safety regulation needs. Their knowledge and support to the animal marketplace makes them a leading provider of food safety management worldwide and, in turn, will support Digital Angel in its goal to become a leading food safety company.”
Randolph K. Geissler, founder of Geissler Technologies and President of Digital Angel’s animal applications business, stated, “GAM’s data systems capabilities help connect the food chain, broaden our product offering and bolster our position within the food safety market. Geissler Technologies has worked closely with GAM for some time and we believe our successful relationship will continue to grow under the umbrella of Digital Angel.”
Jim Heinle, President of GAM, said, “We are eager to offer the food production industry a turn-key solution for connecting the identity of animals to critical data about those animals. Simply stated, retailers, food service providers and most notably, consumers, are demanding greater information about the food we eat. Through our relationship with Digital Angel we expect to continue providing this service on a greater scale.”
Schering-Plough is an innovation-driven, science-centered global health care company. Through its own biopharmaceutical research and collaborations with partners, Schering-Plough creates therapies that help save and improve lives around the world. The company applies its research-and-development platform to human prescription and consumer products as well as to animal health products. In November 2007, Schering-Plough acquired Organon BioSciences, with its Organon human health and Intervet animal health businesses, marking a pivotal step in the company's ongoing transformation. Schering-Plough's vision is to "Earn Trust, Every Day" with the doctors, patients, customers and other stakeholders served by its approximately 50,000 people around the world. The company is based in Kenilworth, N.J., and its Web site is www.schering-plough.com.
SCHERING-PLOUGH DISCLOSURE NOTICE: The information in this press release contains certain "forward-looking" statements within the meaning of the Securities Reform Act of 1995, including statements related to GLOBAL ANIMAL MANAGEMENT and the potential market for GLOBAL ANIMAL MANAGEMENT. Forward-looking statements relate to expectations or forecasts of future events. Schering-Plough does not assume the obligation to update any forward-looking statement. Many factors could cause actual results to differ materially from Schering-Plough's forward-looking statements, including market forces, economic factors, product availability, current and future branded, generic or over-the-counter competition and the regulatory process, among other uncertainties. For further details and a discussion of risks and uncertainties that may affect forward-looking statements, see the company's Securities and Exchange Commission filings, including the third quarter 2007 10-Q.
About Digital Angel
Digital Angel (www.DigitalAngel.com) is a leading provider of radio frequency identification (RFID) and global positioning system (GPS) technologies that enable the rapid and accurate identification, location tracking and condition monitoring of people, animals and high-value assets. Digital Angel’s products are utilized around the world in such applications as pet identification using its patented, FDA-approved implantable microchip; livestock identification and tracking using visual and RFID ear tags; and GPS search and rescue beacons for use on aircraft, ships and boats, and by adventure enthusiasts. Digital Angel is the owner of a majority position in VeriChip Corporation (NASDAQ: CHIP).
This press release includes forward-looking statements, including but not limited to statements regarding the Company’s relationship with GAM and the Company’s attempts to become a leading food safety company. This information is also qualified in its entirety by cautionary statements and risk factor disclosures contained in the Company’s Securities and Exchange Commission filings, including the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2006 and its quarterly reports. The Company can offer no assurances that any projections, assumptions or forecasts made or discussed in this release will be met, and investors should understand the risks of investing solely due to such projections. The Company undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.