Item 1.01 Entry into a Material Definitive Agreement.

On August 1, 2008, pursuant to a Stock Purchase Agreement (the "Agreement") between Digital Angel Corporation, a Delaware corporation ("DIGA") and Blue Moon Energy Partners LLC, a Florida limited liability company ("Blue Moon"), DIGA sold 2,570,000 shares of IFTH Acquisition Corp., f/k/a InfoTech USA, Inc., a Delaware corporation ("IFTH"), which constitutes all of the shares of IFTH owned by DIGA, to Blue Moon. The consideration paid by Blue Moon to DIGA under the Agreement was $400,000. Blue Moon is managed by Scott R. Silverman, a former executive officer of VeriChip Corporation ("VeriChip") and William J. Caragol, a current executive officer of VeriChip. DIGA is the beneficial owner of 48% of the common stock of VeriChip.

The foregoing descriptions of the Agreement do not purport to be complete and are qualified in their entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit 2.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

2.1 Stock Purchase Agreement, dated August 1, 2008, between Digital Angel Corporation and Blue Moon Energy Partners LLC.

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