SOURCE: Amexdrug Corporation

April 04, 2007 09:22 ET

Amexdrug Corp. Admitted to Two Important Industry Organizations

BEVERLY HILLS, CA -- (MARKET WIRE) -- April 4, 2007 -- Amexdrug Corporation (OTCBB: AXRX) announced today that its applications for membership have been reviewed and approved for admittance into the National Association of Chain Drug Stores (www.nacds.org) and the Cosmetic, Toiletry, and Fragrance Association (www.ctfa.org). Both are important industry associations that contribute substantially to the success and visibility of their members, providing a forum for members to interact and share the benefits of their experience. In addition, these organizations offer support and a superb knowledge base, including market analyses and industry data that are invaluable resources for companies seeking to make educated and informed decisions on the basis of perceptible trends in the market.

According to Jack Amin, President and CEO of Amexdrug Corp., "We are glad to have been admitted to both of these highly respected industry organizations, particularly because of the support and assistance that we believe they can provide. The extensive knowledge base and the ability to interact with other members of the industry should be invaluable assets as we continue to refine our strategy and explore additional opportunities." Mr. Amin added, "As we expand our product offerings and grow our business, the ability to make informed decisions about trends and directions in the industry is particularly important, and our membership in these associations will help us to gauge such trends."

About Amexdrug Corporation:

Amexdrug Corporation is a vertically integrated company operating in the highly lucrative pharmaceutical and cosmeceutical industries. Along with its subsidiaries Dermagen, Inc. and BioRX Pharmaceuticals, Amexdrug is engaged in the research and development, marketing, production and sale of over-the-counter (OTC) pharmaceuticals and cosmetics as well as the distribution of prescription and over-the-counter drugs. The Company has advanced manufacturing facilities as well as an extensive distribution network, allowing Amexdrug to integrate various phases of operations into one efficient business entity. For more about Amexdrug, go to our website at www.amexdrug.com.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information

  • Contact:

    tel: 310-855-0475
    add: 369 S. Doheny dr#326
    Beverly Hills, Ca. 90211