Navigation Links
Medbox, Inc. Releases 2nd Quarter Financials
Date:8/20/2012

HOLLYWOOD, Calif., Aug. 20, 2012 /PRNewswire/ -- (Pinksheets: MDBX) (www.medboxinc.com)

Medbox, Inc. released their end of 2nd quarter 2012 financials, which showed earnings of over $820,000 for the three-month period ending June 30. Cash on hand has almost doubled since the beginning of the year, and receivables jumped to an impressive 1.1 million.

Medbox earns all its revenue through consulting services and the sales of their proprietary prescription medicine dispensing systems.

Dr. Bruce Bedrick, CEO of Medbox commented on the company's financial picture. "Our balance sheet remains strong, with key gains brought on by expansion into new markets, particularly in Arizona and Connecticut," he stated. "Medbox is well positioned for future growth and expansion, as we have very little debt, patented technologies, growing market demand for our systems and services, expertise in the industry, and a solid track record."

Recently, the company helped over 75% of its Arizona clients successfully navigate the state's dispensary licensing program. With issuances of over 20 licenses to its consulting clients and being awarded mandatory placements of its technology in those clinics, Medbox has secured itself as the leader in compliant operation as well as a model for overall success in the industry.

In addition, the company is slated to roll out its storage and retrieval system for traditional pharmacies later this year. The system, called the Medbox RX, allows pharmacists to store a consumer's medication for quick and convenient retrieval later by the consumer, via automated biometric kiosk.

"As our company continues to grow, we provide more value for our customers, our employees and our shareholders," Bedrick said. "We look forward to a very rewarding future."

For more information on Medbox, their financials, products or services, please contact the Medbox Investors Relations Dep
'/>"/>

SOURCE Medbox, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2

Related biology news :

1. Medbox, Inc. Announces Top-Tier Rating by Dun & Bradstreet Credibility Corporation
2. American College of Rheumatology releases first classification criteria for polymyalagia rheumatica
3. NIST releases Gulf of Mexico crude oil reference material
4. Spanish researcher releases a video showing a beetle from the inside
5. AAO-HNS releases updated Clinical Indicators
6. SF State researcher releases first results from nationwide bee count
7. NSF releases report detailing nationwide and state-by-state R&D activities
8. University of Tennessee professor releases weight management product
9. Aware, Inc. Reports First Quarter 2012 Financial Results
10. One-quarter of grouper species being fished to extinction
11. BioLife Solutions Announces 7th Consecutive Quarter of Record Revenue
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2015)... 28, 2015 According to a ... by Assessment Type (Pen & Paper Based, Hosted, Biometrics), ... Learning, Academic Research), Vertical and Region - Global Forecast ... Market to grow from USD 2.4 Billion in 2015 ... Annual Growth Rate (CAGR) of 25.6% from 2015 to ...
(Date:8/24/2015)... Aug. 24, 2015  Based on its recent analysis of ... the 2015 African Biometrics Company of the Year Award. DERMALOG ... commercial success in Africa . It has ... it has implemented one of the largest biometric mass applications ... as the Central Bank of Nigeria ...
(Date:8/19/2015)... N.Y. , Aug. 19, 2015  VOXX ... that it has entered into a Definitive Agreement ... property, of iris authentication market leader EyeLock through ... VOXX will have a controlling interest in the ... subject to completion of due diligence.  Expanding on ...
Breaking Biology News(10 mins):Cognitive Assessment and Training Market Worth 7.5 Billion USD by 2020 2Cognitive Assessment and Training Market Worth 7.5 Billion USD by 2020 3Cognitive Assessment and Training Market Worth 7.5 Billion USD by 2020 4Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 2Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 3Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 4Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 5Frost & Sullivan Applauds DERMALOG's Rise as the Supplier of Best-in-class Biometric Solutions in Africa 6VOXX International Corporation Signs Definitive Agreement To Acquire The Assets And A Controlling Interest Of Biometric Leader EyeLock 2VOXX International Corporation Signs Definitive Agreement To Acquire The Assets And A Controlling Interest Of Biometric Leader EyeLock 3VOXX International Corporation Signs Definitive Agreement To Acquire The Assets And A Controlling Interest Of Biometric Leader EyeLock 4VOXX International Corporation Signs Definitive Agreement To Acquire The Assets And A Controlling Interest Of Biometric Leader EyeLock 5
... living cell needs both to build new and to ... number of intracellular systems work in concert to keep ... proteins. When proteins or peptides mutate, they can present ... environment. In Huntington's disease (HD) the disease provoking mutation ...
... international group of scientists has announced a major ... the activities of genes in living organisms. ... to describe the complex events that occur when ... Understanding these events is crucial for developing new ...
... they won't be able to understand the brain until they ... billions of neurons are interconnected. Now, researchers at the Salk ... be a major hurdle to preparing that chart: identifying all ... March 1 issue of the journal Neuron, the researchers describe ...
Cached Biology News:Proteasome activator enhances survival of Huntington's disease neuronal model cells 2Uniform language for describing genes of pathogenic and beneficial microbes 2Uniform language for describing genes of pathogenic and beneficial microbes 3Deconstructing brain wiring, one neuron at a time 2Deconstructing brain wiring, one neuron at a time 3
(Date:9/3/2015)... ... September 03, 2015 , ... ... hydration monitoring wearable early 2016. , The device, called the Halo H1, ... optical and electrical sensing technology. These sensors track trending interstitial fluid levels in ...
(Date:9/2/2015)... LIBERTYVILLE, Ill. (PRWEB) , ... ... ... a leading provider of regulatory compliance, quality systems, analytical testing, education and ... consulting firm with expertise in medical device products/processes development, design control, validation, ...
(Date:9/2/2015)... , Sep. 02, 2015 ... has announced the addition of Jain PharmaBiotech,s new ... to their offering. This report ... a characteristic that can be objectively measured and ... pathogenic processes as well as pharmacological responses to ...
(Date:9/2/2015)... ... 2015 , ... Drug companies increasingly are adopting a business ... in its new report that the U.S. will generate the greatest demand for ... most market demand. , BCC Research examines plant-derived drugs in its report, ...
Breaking Biology Technology:Technology Startup Halo Wearables to Unveil Non-Invasive Hydration Monitoring Device Early 2016 2NSF International Strengthens Medical Device Consulting With Acquisition of Avarent LLC 2NSF International Strengthens Medical Device Consulting With Acquisition of Avarent LLC 3NSF International Strengthens Medical Device Consulting With Acquisition of Avarent LLC 4NSF International Strengthens Medical Device Consulting With Acquisition of Avarent LLC 5NSF International Strengthens Medical Device Consulting With Acquisition of Avarent LLC 6NSF International Strengthens Medical Device Consulting With Acquisition of Avarent LLC 7Updated 2015 Biomarkers Report - Latest Technologies, Markets and Companies Insights to 2024 with over 1,000 References 2Updated 2015 Biomarkers Report - Latest Technologies, Markets and Companies Insights to 2024 with over 1,000 References 3Plant-derived Compounds Poised to Assume Greater Role in Global Drug Markets, According to BCC Research 2Plant-derived Compounds Poised to Assume Greater Role in Global Drug Markets, According to BCC Research 3
... , ST. LOUIS, Sept. 15 ... the UBS Global Life Sciences Conference on Monday, September 21st at ... may listen via live audio broadcast over the Internet available at ... to access this file. , , ...
... CLARKSVILLE, Md.., Sept. 15 Ne u r ona s ... a privately-held biotechnology company developing novel, neurogenic small-molecule drugs for the treatment of depression, ... Scientific Officer, will present at the Life Sciences Summit 2009 -- S h ... Inno v ation, Pr o m ...
... , , HARTFORD, Conn., ... today announced the award of a 3-year Phase II Small ... entitled MRI DNA Biomarkers for Neuropsychiatric Disease, was awarded by ... In announcing the award, Gualberto Ruano, M.D., Ph.D., President/CEO ...
Cached Biology Technology:Neuronascent to Present at Life Sciences Summit 2009 2Genomas Awarded $1.4 Million NIH SBIR Grant to Develop MRI+DNA Guided Biomarker System for Mental Illness 2
...
AgarPlaque Plus Agarose 50 grams...
DL-Dithiothreitol (Clelands Reagent) ,PROTEASE FREE!! ,Molecular Biology Grade ,PRODUCT MUST SHIP NEXT DAY DURING HOT SUMMER MONTHS. ,C 4 H 10 O 2 S 2 ,Molecular Weight: 154.25 ,CAS RN: [27565-...
BD IMag Anti-Mouse CD90.2 (Thy1.2) Particles-DM 2 x 109 cells...
Biology Products: