TYSONS CORNER, Va., Sept. 17, 2013 (GLOBE NEWSWIRE) -- ScripsAmerica, Inc. (OTCBB: SCRC ), today announced that the Company processed $63,024 in orders during the first month of its joint venture (JV) with a new wholesaler partner.
ScripsAmerica received steadily increasing revenues week over week during the first month of its recent agreement to provide prescription and OTC pharmaceuticals to its JV partner's client base of independent pharmacies. Additionally, the Company is able to immediately collect payment and book profits from these orders due to its use of a new Virtual Online Terminal that eliminates accounts receivable issues that can delay payment processing.
"The amount of revenue ScripsAmerica generated during the first month of our recent joint venture is a very positive indication of the growth and success we expect to see in this area of our business. We nearly doubled our order revenue over the final two weeks of the month compared to the first two weeks, booking $40,679 versus $22,345. The company plans to build off of this success and continue exploring growth opportunities in the wholesale pharmaceutical distribution market," commented CEO of ScripsAmerica, Bob Schneiderman.
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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