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PositiveID Corporation Partners with HealthScreenDirect, LLC to Offer Health Link to 120,000 New Patients per Year and Study He

^{Published on 2009-12-22 06:10:37 - Market Wire}
 

DELRAY BEACH, Fla.--([ BUSINESS WIRE ])--PositiveID Corporation ("PositiveID" or the "Company") (NASDAQ: PSID) announced today that it has entered into a strategic partnership with HealthScreenDirect, LLC ("HSD"), to create a prospective, randomized, comparative clinical study that will seek to address improving disease management through the use of appropriate, concise, and up-to-date patient health information available to both practitioners caring for diabetic, hypertensive and obese patients and the patients themselves through the utilization of PositiveID's personal health record (Health Link) and an electronic medical records system. PositiveID will also offer Health Link to all HSD members, totaling over 120,000 new patients per year.

HSD provides millions of Americans direct access to diabetes and cholesterol screenings and educational content. These important health screenings are offered through a convenient process at nationally recognized, certified labs that provide confidential results for the patient through HSD's secure web site and by mail. HSD also provides a more comprehensive wellness program for corporations, associations and organizations across America, which includes onsite health screenings and testing for diabetes, cholesterol, high blood pressure and obesity.

Scott R. Silverman, PositiveID's Chairman and CEO, said, "As we forge additional partnerships with organizations representing large patient populations, we are able to rapidly and cost-effectively extend the reach of our Health Link personal health record. HealthScreenDirect is unique in that its members are proactive about managing their health care, which, we believe, makes them more likely to utilize a PHR. Additionally, one of HealthScreenDirect's main areas of focus is diabetes management, an issue we are intently focused on through the ongoing development of our glucose-sensing microchip."

About PositiveID Corporation

PositiveID Corporation provides unique health and security identification tools to protect consumers and businesses. PositiveID operates in two main divisions: HealthID and ID Security. For more information on PositiveID, please visit [ www.PositiveIDCorp.com ].

Statements about PositiveID's future expectations, including the likelihood that the alliance with HealthScreenDirect, LLCwill further the Company's goal of providing a personal health record that is interoperable with all electronic medical records systems, the likelihood that the alliance with HSD will enable the Company rapidly and costs-effectively extend the reach of Health Link and the likelihood that HSD's members are more likely to utilize Health Link, 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 PositiveID's actual results could differ materially from expected results. These risks and uncertainties include the Company's ability to successfully develop and commercialize Health Link, the market acceptance of Health Link, the validity, scope and enforceability of the Company's patents and those related to Health Link, the protection afforded by the Company's patents and those related to Health Link, government regulations relating toHealth Link, the Company's ability to fund the continued development of Health Link, the timing and success of submission, acceptance and approval of required regulatory filings; 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.