SOURCE: ScripsAmerica

ScripsAmerica

September 08, 2014 08:00 ET

ScripsAmerica Expands Specialty Pharmacy Operations Through Prescription Sourcing Agreement With United Apothecary, Inc.

TYSONS CORNER, VA--(Marketwired - Sep 8, 2014) - ScripsAmerica, Inc. (OTCBB: SCRC) today announced that the Company has signed a prescription sourcing agreement with United Apothecary, Inc., a pharmacy based in Oak Ridge, TN.

According to the agreement, ScripsAmerica will obtain prescriptions to be filled by United Apothecary within its areas of drug delivery licensure and receive a percentage of the revenue generated by each prescription upon its reimbursement by insurance providers. Additionally, United Apothecary will procure raw materials necessary to fill the Company's prescriptions from ScripsAmerica's wholly owned subsidiary, PIMD International, located in Florida.

CEO of ScripsAmerica, Bob Schneiderman, stated, "We are very excited to announce this sourcing agreement with United Apothecary representing the beginning of ScripsAmerica's efforts to expand our 'specialty pharmacy' operations. The Company expects to enter sourcing agreements with several more pharmacies throughout the US allowing Scrips to effectively provide prescriptions across a growing geographic area, further increasing our revenues and shareholder value."

"Additionally, because United has agreed to purchase its raw materials from our subsidiary PIMD International, Scrips has essentially created two new revenue streams through this agreement. Moving forward we plan to propose that our new partners procure the raw materials necessary to process Scrips' prescriptions from PIMD as well," concluded Mr. Schneiderman.

About ScripsAmerica, Inc.

ScripsAmerica, Inc. is a supplier of prescription, OTC and nutraceutical drugs, delivering pharmaceutical products to a wide range of end users across the health care industry. End users include retail pharmacies, hospitals, long-term care facilities and government and home care agencies. For more information, visit www.ScripsAmerica.com.

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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