ScripsAmerica Receives 14th State Pharmacy License
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1 minutes ago - DJNF
ScripsAmerica Receives 14th State Pharmacy License
Additional Seven State Licenses Pending
TYSONS CORNER, Va., May 28, 2015 (GLOBE NEWSWIRE) -- ScripsAmerica, Inc. (OTCBB:SCRC), a leading provider of a range of specialty prescription and over the counter pharmaceuticals and medical supplies, today announced that it has received a license to distribute its pharmaceuticals in the State of Ohio. This brings the total states in which the Company is licensed to provide pharmacy services to 14. ScripsAmerica also currently has license applications pending in an additional seven states.
Bob Schneiderman, Chief Executive Officer and Founding Partner of ScripsAmerica stated, "As a key focus of our organic growth strategy, we are expanding our pharmacy business through licenses in new states. This growth will be supplemented with any additional state licenses we may acquire through the acquisition or association with other approved pharmacies, including those which are currently under Letter of Intent. As we have added new states through both organic growth and acquisition, we have significantly increased our addressable market from just 5 states a little more than a year ago when we first entered the industry. This builds value for shareholders."