TYSONS CORNER, Va., April 2, 2014 (GLOBE NEWSWIRE) -- ScripsAmerica Inc. (OTCBB:SCRC), today announced that the Company has issued the second payment due on its convertible note with the largest principal and closest conversion date.
This most recent payment on this note as well as the Company's first payment announced on February 19 th eliminate any possibility of its conversion into common stock. ScripsAmerica has prepaid several convertible notes prior to their conversion date in 2013 and 2014.
ScripsAmerica's CEO, Bob Schneiderman, commented, "The revenue streams that Scrips has established have enabled us to prepay these notes as an alternative to their conversion into shares. This policy has prevented any additional dilution of our stock as we continue to safeguard our shareholder value."
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 .
SCRC......NEWS OUT PEOPLE!........April will be ph
Post# of 7769
April 2, 2014 - 8:30 AM EDT |
ScripsAmerica Issues Second Payment on Largest Convertible Note |