TYSONS CORNER, Va., Aug. 26, 2013 (GLOBE NEWSWIRE) -- ScripsAmerica Inc. (OTCBB: SCRC ), today announced that during the second week of its joint venture (JV) with WholesaleRx, the Company has received and processed $10,031 in orders.
This is in addition to $12,314 in revenue generated during the first week of the agreement, all of which the Company has already collected via a Virtual Online Terminal that facilitates immediate payment for orders and booked profits. The recently entered JV is generating immediate revenue for ScripsAmerica, which distributes prescription and OTC pharmaceuticals to a group of independent pharmacies serviced by WholesaleRx, a pharmaceutical distributor headquartered in Memphis, Tennessee.
Bob Schneiderman, CEO of ScripsAmerica, stated, "We are pleased that our joint venture with WholesaleRx has gotten off to a very strong start and fully expect our revenues to rapidly increase from this and the Company's other recently announced independent pharmacy distribution agreement, thereby increasing shareholder value. It is also important to note that ScripsAmerica receives immediate payment for these orders through a virtual online terminal, thereby eliminating any accounts receivable issues."
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 .
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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