$MDBX - Medbox signs ad deal with Entrepreneur

New Post Public Reply Private Reply Replies (0) Message Board
The Pit Bull

$MDBX - Medbox signs ad deal with Entrepreneur Magazine

HOLLYWOOD, Calif. — Medbox, Inc. (OTC Markets:  MDBX ), announced they have signed a deal with Entrepreneur Media for a full page ad placement in their award winning magazine "Entrepreneur." This leading small business magazine serves 619,988 paid subscribers as of July 2012 and boasts a total readership exceeding 2.7 million. The placement represents Medbox's most aggressive marketing project to date. The ad, which will debut in the May issue and will continue for at least a six month run, will urge Entrepreneur's ambitious and affluent audience to "Join The Green Rush."

"This marks the first time any marijuana related business, albeit a passive relation as is the case with Medbox, will be featured in a mainstream investment periodical of this magnitude," said Dr. Bruce Bedrick, CEO of Medbox, Inc. "The advertisement is the most significant promotion vehicle the company has ever pursued and we are elated that Entrepreneur is fostering a working relationship with Medbox."

The company also issued a shareholder update via email to its certificate holders of record. Pursuant to regulations, the company is making the information contained in the email public via press release. The email contained the following highlights achieved by the company over the last few months:

  • Highest revenue generating month in the company's history occurring in January of 2013 at $900,000
  • Commenced audit of prior 2-years financials in order to become fully reporting with the SEC (target completion this month)
  • Confirmed a total of over $4.5m revenue booked for the 2012 calendar year
  • Acquired an interest in Bio-Tech Medical Software, Inc. (business has 2 patents that are instrumental in stopping prescription pill abuse through the use of biometric technology at pharmacies)
  • Commenced acquisition discussions with 4 additional targets in related businesses to Medbox
  • Recorded first balance sheet with over $1 million in cash reserve on hand
  • Recorded 34% EBITDA margin in 2012 financials
  • Appeared live on Fox Business Channel, Bloomberg, Huffington Post Live, and CNBC
  • Commenced building up to 30 dispensaries in San Diego for new and existing consulting clients
  • Began consulting and technology sales in Massachusetts, Connecticut, Colorado, and Washington regarding new canna-business setups.
  • Secured a $6 million equity transaction with a private investment company ($1 million paid to date and another $5 million to be paid by May 2013).
  • Founder and majority shareholder, Vincent Mehdizadeh, caused a board resolution to be signed allowing for 612,000 in common shares and a 3,000,000 preferred shares to be placed back to treasury for the company. These shares, which were in Mr. Mehdizadeh's possession, were given back to the company and cancelled to assist with acquisition activity without diluting existing shareholders.

About Medbox, Inc:

Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox has offices throughout the world, including New York, Arizona, Connecticut, Massachusetts, Tokyo, London and Toronto, and has their corporate headquarters in Los Angeles. Medbox provides their patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide. Medbox, Inc. is a publicly traded company, and is quoted on the OTC Markets, ticker symbol MDBX. For more information on Medbox, visit www.medboxinc.com.

FORWARD-LOOKING DISCLAIMER 
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medbox, Inc. to be materially different from the statements made herein.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Zhimeng Biopharma Hits Key Milestone in ALS Drug Trial

Updated Category News Views 156

Pivotal Point for Zhimeng's ALS Efforts Folks, get this—Zhimeng Biopharma's rolling out the big guns here with a significant step forward in their ALS treatment quest. This company just wrapped up patient enrollment for their next-gen ALS drug, CB03-154. We're talking about 255 patients now on board for a Phase 2/3 trial. The ground's shaking a bit because this...

Continue Reading
Karma Automotive Debuts High-Stakes Eximius Program

Updated Category News Views 145

Breaking Ground with Bespoke Engineering Fancy seeing a car more unique than a snowflake, eh? Well, Karma Automotive is upending the luxury vehicle market with the launch of the Eximius program. Catering to the whims of the elite who aren’t just satisfied with a plethora of options, this is a game for those who crave a motorized extension of their ego and address book....

Continue Reading
Alignment Healthcare Faces Investigation Over Alleged Fraud

Updated Category News Views 76

Rough Waters at Alignment Healthcare Not every day we hear about a company sinking its own ship over bookkeeping shenanigans, but here we are. Alignment Healthcare, sitting on Nasdaq under ticker ALHC, is facing the kind of scrutiny that sends shivers down a boardroom's spine. Yeah, Kahn Swick & Foti—those big hitters in securities litigation—have launched an...

Continue Reading
HK Boosts Oversight of Building Repairs Post-Blaze

Updated Category News Views 125

Big Moves After a Tragic Fire Hong Kong's revamping its approach to building maintenance and oversight, clearly in reaction to the horrific Wang Fuk Court blaze last year. That fire didn't just leave scars; it blew open glaring gaps in the city's oversight of building repairs. The government's now jumping into action by launching a raft of measures aimed at preventing...

Continue Reading
HanAll F&B Pioneers New Path for Domestic Rice Noodles

Updated Category News Views 173

New Spin on an Old Favorite: Rice Noodles Forget about the same old wheat noodles clogging up the pantry. HanAll F&B is revamping the noodle game with a homegrown twist, setting sights on a future where Korean rice isn't just for steaming, soup, or sushi. This outfit from Taebaek, Gangwon, has got its hands deep in the rice flour, finessing a patent that aims to make...

Continue Reading
ModelBest & OpenBMB Unveil Open-Source OCR Models

Updated Category News Views 87

A New Frontier in Document Parsing Just when you thought document parsing couldn't get any more advanced, ModelBest and OpenBMB come along with a game-changing release: the MiniCPM-OCR series. This duo of dynamite models, MiniCPM-OCR 1.0 and Jev, is all about taking the efficiency and performance expectations for open-source OCR models up a couple of notches. If you're an...

Continue Reading
Lawsuit Hits San Ramon Medical: Wages, Breaks in Dispute

Updated Category News Views 73

Legal Storm Unleashes on San Ramon Regional In the world of legal entanglements, San Ramon Regional Medical Center found itself on the receiving end of the latest workforce fuss. Allegations flying from a class action lawsuit claim the center's brass didn't hold up their end of the California Labor Code, particularly in providing legit meal breaks and rest periods. Now,...

Continue Reading
Sen. Collins Lauded for Transformative Kidney Care

Updated Category News Views 487

Steering Towards Innovation in Kidney Care In the world of political accolades, real achievements sometimes get buried beneath the pomp. But when the largest kidney patient group in the nation—AAKP, decides to honor Senator Susan M. Collins, it's not just another pat on the back. This one's got substance galore. Collins, a heavyweight on the U.S. Senate Committee on...

Continue Reading
NABEP's Strategic Push: 41 Rigs to Bolster Output

Updated Category News Views 199

On The Ground: NABEP's Expanding Venezuelan Presence Think of oil production as a high-stakes poker game where each drill and rig is a well-placed bet. North American Blue Energy Partners (NABEP) is going all in on Venezuela, boosting their rig fleet and pushing production capacity to new heights. Set your sights on November when NABEP's in-country fleet will hit 41 rigs...

Continue Reading
Chemours Class Action: Key Deadline Approaches Fast

Updated Category News Views 77

A Rocky Ride for Chemours Investors The ticker might read NYSE:CC, but right now, that might as well stand for "Caution, Cautious," if you ask me. Investors are on high alert with Chemours facing a class action lawsuit, and the stakes couldn’t be higher. Deadline's looming on December 7, 2026, for those gunning for lead plaintiff status. It's a tense time for anyone who...

Continue Reading

Top 5 Most Recently Viewed Articles

Stephen Merkel Takes Charge as Chairman of Newmark's Board

Updated Category News Views 330

Stephen Merkel Takes Over as Chairman of Newmark's Board In an impactful leadership transition, Stephen Merkel has been appointed as the new Chairman of the Board of Directors at Newmark Group, Inc. (NASDAQ: NMRK). This significant change comes as Howard W. Lutnick steps down from his role as Executive Chairman to assume responsibilities as the 41st Secretary of Commerce....

Continue Reading
Medtronic's Upcoming Financial Results and Company Innovations

Updated Category News Views 180

Medtronic to Report First Quarter Financial Results Medtronic plc (NYSE: MDT), a prominent leader in healthcare technology, is set to announce its financial outcomes for the first quarter of fiscal year 2026. The results will encapsulate a crucial period of growth and innovation as the company continues to transform healthcare solutions. The report will be released soon,...

Continue Reading
Celebrating a Legacy: Dr. David Olansky's Retirement Journey

Updated Category News Views 168

Dr. David Olansky's Impressive Career in Dermatology After more than four decades of dedicated service in dermatology, Dr. David Olansky, co-founder of Olansky Dermatology & Aesthetics, is retiring. This esteemed practice, known as Georgia's premier dermatology clinic, has been supported by Dr. Olansky's expertise and vision since its establishment in 1981. From...

Continue Reading
SureMark Digital Unveils Comprehensive Identity Protection Suite

Updated Category News Views 275

SureMark Digital Launches Innovative Identity Protection Suite SureMark Digital has made an exciting advancement in the world of wealth management with the introduction of an identity protection suite. Founded by blockchain visionaries Drs. W. Scott Stornetta and Stuart Haber, the company focuses on providing robust solutions to safeguard both private bankers and their...

Continue Reading
Options Activity Signals Insight for First Majestic Silver

Updated Category News Views 208

Strategic Insights on First Majestic Silver's Options Activity Recent trading trends indicate that significant financial players are making noticeable bearish moves on First Majestic Silver (NYSE: AG). Our analysis highlights 20 unusual trades related to this stock, revealing market sentiment and future expectations. Understanding the Current Market Sentiment Diving...

Continue Reading