Digital Angel Receives Proposal for Acquisition

Digital Angel DIGA today confirmed that it has received an unsolicited, non-binding proposal from PositiveID Corporation PSID that, subject to due diligence and other unstated conditions, PSID is prepared to make an offer to purchase all the outstanding common shares of Digital Angel for $0.60 per share in PositiveID common stock. Additional details of the possible offer have not yet been made available.