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SCRC 0.0965 0.0015
ScripsAmerica's Specialty Pharmacy Continues Revenue Growth With $4.9 Million in Approved Orders for August
TYSONS CORNER, VA--(Marketwired - Sep 3, 2014) - ScripsAmerica, Inc. (OTCBB: SCRC) today announced that the Company's managed specialty pharmacy reported $4,867,637 in approved orders during the month of August 2014, marking its fifth consecutive month of sales growth.
Main Avenue Pharmacy's revenue of $4.9 million during August represents a 19% increase over July. ScripsAmerica's managed pharmacy has experienced 884% sales growth over the past five months and now has a run rate of $58 million following August's reported revenue.
CEO of ScripsAmerica Bob Schneiderman commented, "The Company is happy to report that Main Avenue Pharmacy increased its sales revenue by nearly 20% in August over July and continues to show consistent monthly growth. With a run rate nearing $60 million, Scrips' managed specialty pharmacy has become the Company's largest steady source of revenue this year and we believe will continue to build shareholder value to close 2014 and beyond."
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.
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