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 Department at (800) 762-1452 or go online to www.medboxinc.com.

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, Tokyo, Connecticut, Arizona and Toronto, and has their corporate headquarters in Los Angeles.

Medbox provides their patented systems, software and consulting services to pharmacies, urgent care centers, clinics, hospitals, and medical groups worldwide.

Medbox, Inc. is a publicly traded company, and is listed on the OTC Board, ticker symbol MDBX.

For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to www.medboxinc.com.


'/>"/>
SOURCE Medbox, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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:6/23/2017)... N.Y. and ITHACA, N.Y. ... ) and Cornell University, a leader in dairy research, ... with bioinformatics designed to help reduce the chances that ... With the onset of this dairy project, Cornell University ... Consortium for Sequencing the Food Supply Chain, a food ...
(Date:5/16/2017)... -- Veratad Technologies, LLC ( www.veratad.com ), an innovative and ... solutions, announced today they will participate as a sponsor ... May 17, 2017, in Washington D.C.,s ... Identity impacts the lives of billions of ... digital world, defining identity is critical to nearly every ...
(Date:4/24/2017)... , April 24, 2017 ... and partner with  Identity Strategy Partners, LLP (IdSP) ... "With or without President Trump,s March 6, 2017 ... Terrorist Entry , refugee vetting can be instilled with ... resettlement. (Right now, all refugee applications are suspended ...
Breaking Biology News(10 mins):
(Date:8/16/2017)... (PRWEB) , ... August 16, 2017 , ... ... beneficial microbe delivery system, announced it has secured $2M in funding from an ... City Angels, Carmen Innovations, and SVG Thrive Fund. With this investment, 3Bar is ...
(Date:8/15/2017)... ... ... Kapstone Medical is proud to announce that it has reached ... inventors develop and safeguard their latest innovations. The company has grown from a ... clients in the United States and around the world. , Company Founder and ...
(Date:8/15/2017)... ... , ... The Conference Forum and The Trout Group ... of upcoming panels and events. The partnership culminates with the 4th Annual IO360° ... York City. , “With our experience in producing the Immuno-Oncology 360° NYC event and ...
(Date:8/14/2017)... , ... August 14, 2017 , ... The Conference ... event, which will take place on September 6, 2017 at the Marriott Copley ... , Head of Experimental Medicine, Informatics, and Regulatory Strategy, Pfizer Innovative Research Lab, Pfizer, ...
Breaking Biology Technology: