uniPHARM Wholesale Drugs Ltd.

uniPHARM Wholesale Drugs Ltd.

June 17, 2008 08:00 ET

uniPHARM Wholesale Drugs Ltd. Closes Deal with Prairie Supply Coop

RICHMOND, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - uniPHARM Wholesale Drugs Ltd. (UWD) successfully closed the acquisition deal with Dale & Douglas Distribution Services Inc. and Prairie Supply Cooperative (PSC) on May 25, 2008.

uniPHARM is very pleased with operations thus far. uniPHARM CEO, Derek Desrosiers commented: "Sales have been strong over the first two and a half weeks and we have worked through some of the small transitional issues that arise in these types of acquisitions. We are very encouraged by the response and support of Prairie members."

A significant number of Prairie members are becoming shareholders of uniPHARM. This will allow them to take advantage of all of the unique programs and services that uniPHARM offers to its shareholders. As well, uniPHARM has already significantly enhanced the ordering capabilities of Prairie members by offering an upgraded web ordering capability as well as direct PC to PC ordering for a variety of pharmacy software applications.

uniPHARM CFO, Stephen Mavety stated: "The staff have responded very well making the transition as smooth as could be expected for most of the pharmacies. There were some hurdles to overcome but we're very proud of the hard work and dedication shown by all our staff in Calgary and Richmond in working through these issues. We are very pleased with the current status of the operation in Calgary."

One of Canada's 50 Best Managed Companies, uniPHARM Wholesale Drugs Ltd. is a private company specializing in the distribution of pharmaceuticals and other pharmacy related products and services. Their head office is in Richmond, British Columbia. uniPHARM has been in operation since 1980 and currently serves independent pharmacies in British Columbia, Alberta and the Yukon.

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