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Chem Rx Corporation Surpasses 67,000 Beds Served

- Exhibits Growth In All Existing Markets -

LONG BEACH, N.Y., July 1 /PRNewswire-FirstCall/ -- Chem Rx Corporation (OTC Bulletin Board: CHRX, CHRXU, CHRXW), a leading provider of institutional pharmacy services, today announced that it has surpassed 67,000 beds served, a five percent increase over the past six months. The Company experienced growth across all five of its institutional facilities including Long Beach, Albany, Pennsylvania, New Jersey and Florida.

Steven C. Silva, President and Chief Operating Officer, commented, "We are very pleased with the progress we have made during the first half of the year which is a testament to our high quality of service and strong reputation in the marketplace. Achieving the 67,000 bed milestone was solely attributable to strong organic growth in each of our existing regions. In addition, we have expanded in the Florida marketplace and are adding beds after commencing operations just three months ago. We expect to continue to demonstrate organic growth for the remainder of the year."

About Chem Rx

Founded more than 40 years ago, Chem Rx is a major institutional pharmacy serving the New York City metropolitan area, as well as parts of New Jersey, upstate New York, Pennsylvania and Florida. Chem Rx's client base includes skilled nursing facilities and a wide range of other long-term care facilities. Chem Rx annually provides over six million prescriptions to more than 67,000 residents of more than 425 institutional facilities. Chem Rx's website address is

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Chem Rx Corporation. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are based upon the current beliefs and expectations of Chem Rx's management and are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: compliance with government regulations; changes in legislation or regulatory environments; requirements or changes adversely affecting the health care industry, including changes in Medicare reimbursement policies; fluctuations in customer demand; management of rapid growth; intensity of competition; timing, approval and market acceptance of new product introductions and institutional pharmacy locations; general economic conditions; geopolitical events and regulatory changes, as well as other relevant risks detailed in Chem Rx Corporation's filings with the SEC. The information set forth herein should be read in light of such risks. Chem Rx Corporation does not assume any obligation to update the information contained in this press release.

Steven Silva Stephanie Carrington/Jared Hoffman

President and Chief Operating Officer The Ruth Group

Chem Rx 646-536-7017 / 7013

SOURCE Chem Rx Corporation
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