Navigation Links
drugstore.com, inc. Resolves New Jersey Sales and Use Tax Case
Date:4/27/2009

BELLEVUE, Wash., April 27 /PRNewswire-FirstCall/ -- drugstore.com, inc. (Nasdaq: DSCM), a leading online retailer of health, beauty, vision, and pharmacy products, today announced that they have reached a resolution with the State of New Jersey, regarding sales and use taxes owed by the Company for the years 2000 to early 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM043LOGO)

The Company has paid an aggregate of approximately $1.7 million based on two assessments for sales and use tax, interest, and penalties for January 1, 2000 through February 22, 2008, in full satisfaction of its obligations for sales and use taxes for those years. The Company had previously accrued $2.9 million for this liability. In conjunction with this resolution, the Company will withdraw its appeal of a trial court decision issued in February 2008 that rejected the Company's assertion that it was not obligated to collect and remit use taxes for sales it made to New Jersey residents.

"We are pleased that after almost seven years we were able to reach a resolution with the State of New Jersey that satisfies both parties and allows us to focus on growing our business," said Dawn Lepore, chief executive officer and chairman of the board of drugstore.com, inc. "The benefit of approximately $1.2 million from these events will be recorded in the first quarter of 2009."

About drugstore.com, inc.

drugstore.com, inc. (Nasdaq: DSCM) is a leading online retailer of health, beauty, vision, and pharmacy products. Our portfolio of brands includes: drugstore.com(TM), Beauty.com(TM) and VisionDirect.com(TM). All are accessible from http://www.drugstore.com and provide a convenient, private, and informative shopping experience while offering a wide assortment of more than 45,000 products at competitive prices.

The drugstore.com pharmacy is certified by the National Association of Boards of Pharmacy (NABP) as a Verified Internet Pharmacy Practice Site (VIPPS) and operates in compliance with federal and state laws and regulations in the United States.

    Contacts:
    Investor Relations:
    Brinlea Johnson
    212-551-1453
    brinlea@blueshirtgroup.com

    Media Relations:
    Anne Marshall
    425-372-3464
    amarshall@drugstore.com


'/>"/>
SOURCE drugstore.com, inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. drugstore.com, inc. to Announce Third Quarter 2007 Results During Conference Call on Monday, October 22, 2007 at 5:00 p.m. ET
2. drugstore.com, inc. to Present at the Upcoming Jefferies 4th Annual Internet Conference and the Morgan Stanley Technology Conference
3. drugstore.com, inc. to Announce First Quarter 2008 Results During Conference Call on Monday, May 5, 2008 at 5:00 p.m. ET
4. drugstore.com, inc. to Present at Upcoming Investor Conferences
5. drugstore.com, inc. to Announce Fourth Quarter and Fiscal Year 2008 Results During Conference Call on Wednesday, February 4, 2009 at 5:00 p.m. ET
6. drugstore.com, inc. to Present at the Upcoming Jefferies 5th Annual Internet & Media Conference
7. drugstore.com, inc. to Announce First Quarter 2009 Results During Conference Call on Wednesday, April 29, 2009 at 5:00 p.m. ET
8. MedImmune Resolves FDA Observations Regarding Manufacturing Process for FluMist(R)
9. Senetek PLC Resolves Dispute With Marketer of Pyratine-6(TM) on Most Favorable Terms
10. APA resolves to play leading role in improving treatment for gender-variant people
11. Sealing off portion of intestinal lining treats obesity, resolves diabetes in animal model
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... Cranbury, NJ (PRWEB) , ... February 23, 2017 ... ... Cure®, the pre-eminent publication and community for those in the fight against cancer, ... was important in their success. HRA will release top-line findings in a ...
(Date:2/23/2017)... (PRWEB) , ... February 23, 2017 , ... Curemark, LLC ... safety and efficacy of CM-AT in children aged 3-8 with Autism, is now enrolling ... sites already enrolling children across the United States. , “There are currently no ...
(Date:2/22/2017)... NY (PRWEB) , ... February 22, 2017 , ... ... life and athletics. It’s enough to overwork even the sharpest brain. , Power ... offer peak healthy activity without over clocking the brain. Each capsule contains Cognizin® ...
(Date:2/22/2017)... ... February 22, 2017 , ... The National ... requirements effective with the April 2017 testing period. NACCM, a nonprofit organization, has ... Manager Certified (CMC) exam is periodically re-calibrated to ensure that newly certified professionals ...
(Date:2/22/2017)... ... February 22, 2017 , ... A cylindrical ... and sometimes harder to reach ones, according to the results of a clinical ... Conference in Houston by Ricardo A. Hanel, MD, PhD, neurovascular surgeon with Baptist ...
Breaking Medicine News(10 mins):
(Date:2/22/2017)... YORK , Feb. 22, 2017 ... the myocardial infarction partnering deals and agreements entered ... Read the full report: http://www.reportlinker.com/p03605670-summary/view-report.html ... report provides understanding and access to partnering deals ... healthcare companies. - Trends in partnering ...
(Date:2/22/2017)... 2017 Summary Provides understanding ... agreements entered into by the worlds leading healthcare ... Description The Global Atherosclerosis Partnering Terms ... access to partnering deals and agreements entered into ... - Trends in partnering deals - Top ...
(Date:2/22/2017)... 22, 2017 The top ... are Olympus Corporation, Nikon Corporation, and Leica Microsystems. ... in the overall market in 2015. The oligopolistic ... through result-oriented research and development activities and mergers ... focus on expanding their business to emerging economies ...
Breaking Medicine Technology: