Press Releases

FOR IMMEDIATE RELEASE

New Ownership for ToolHound™

March 28, 2008 – Edmonton, AB Canada. ToolHound™, the leading supplier of tool, equipment and material management systems, has been purchased by a group of current and former employees of VeriChip Corporation.

The group, operating under the name ToolHound Inc., includes Gary Bazil, VP Support Services, David Ball, VP Sales and Dean Perry as President. These three have over 30 years of experience with the ToolHound product line. Their goal is to provide the best products and services to the industry to enable ToolHound clients to get the most value out of their investment. In addition, ToolHound Inc. will support Habitat for Humanity by donating a percentage of all sales to the cause.

“I am glad to be back at the helm of ToolHound and look forward to working with Gary, David and the rest of the team. I hope to get reacquainted with the fantastic group of clients that I have dealt with in the past and to meet the new clients that have come onboard more recently”, says Dean Perry, President of ToolHound Inc. “Our philanthropic mission to help Habitat for Humanity lets us give back to the communities that have supported us in the past.”

For more information on ToolHound or our products and services, contact us at 1-800-367-8665, or visit www.toolhound.com.

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About ToolHound

ToolHound helps companies maximize tool and equipment utilization and improve productivity by ensuring the right tool is in the right place when it is needed. Using a comprehensive tool, location and employee database, coupled with a simple and accurate bar code identification and transaction system, ToolHound tracks the issue and return of assets to contractors and employees, and the transfer of assets between various warehouse, jobsite and tool room locations. Since 1985, ToolHound systems have been deployed in companies of all sizes across a variety of industries including construction, power generation, chemical processing, mining, and jobsite tool and equipment services.