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APHY announces new store openings as part of major expansion
Date:5/9/2013

FRISCO, Texas, May 9, 2013 /PRNewswire/ -- Assured Pharmacy (APHY:OTC Markets), a leading pharmacy group that specializes in providing prescription medications to sufferers of chronic pain, today announced plans to open two additional new stores in Denver and Boston this summer as part of a major expansion strategy.

Like all Assured Pharmacy stores, the new stores will operate on a compliance-based model to ensure strict control over the safe dispensing and delivery of controlled medications, as well as monitoring patients for all medications they receive. It also ensures compliance with the federal and state regulations and minimizes potential abuses.

Following the model of Assured's highly successful store opening in Kansas last year, the Denver and Boston stores will open with the support of physician groups.  With a total cost under $300,000, the Kansas store was EBITDA positive in its sixth full month of operations and has a current annualized revenue run rate of $4 million.  Last month, it became the first of Assured's stores to service 1,500 patients in a month, in only its 16th full month of operation, largely due to an expansion in target indications beyond chronic pain to include all chronic controlled medications.

"The landmark success of our Kansas store opening provides a replicable model by which we expect to double our revenues in the next two years," stated Robert DelVecchio , chief executive officer of Assured Pharmacy. 

"In addition to the new stores currently under construction, we have identified and pre-marketed four additional locations and have the infrastructure to support a minimum of 12 stores with minimal increase in our corporate cost structure.  This a
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SOURCE Assured Pharmacy, Inc.
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