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Assured Pharmacy, Inc. Receives Gross Proceeds of $200,000 from Sale of Convertible Debentures and Warrants
Date:5/23/2011

FRISCO, Texas, May 23, 2011 /PRNewswire/ -- Assured Pharmacy, Inc. (Pink Sheets: APHY, the "Company"), a growing chain of specialty pharmacies that provide advanced prescription services to a diverse array of medical professionals and their patients, announced today that it sold in a private placement to an accredited investor a 16.0% senior convertible debenture for an aggregate principal amount of $500,000 (includes the rollover of an existing convertible debenture in the aggregate principal amount of $300,000 issued to the investor in a previous private placement). The gross cash proceeds from the private placement were $200,000 (before deducting expenses and fees related to the private placement). The debenture is convertible into shares of the Company's common stock at an initial conversion price of $1.26 per share, subject to adjustment. As part of the private placement, the investor received a warrant to purchase 476,191 common shares (includes previously issued warrants to purchase 250,000 common shares of the Company's common stock forfeited by investor) of the Company's common stock. The warrant is exercisable for a period of three years from the date of issuance at an initial exercise price of $1.51, subject to adjustment. The investor may exercise the warrant on a cashless basis if the shares of common stock underlying the Warrant are not then registered pursuant to an effective registration statement. The funds received from the investor will be directed to the continued development of the Company's business plan and general working capital purposes.

This financing is supporting the Company's ongoing business expansion and investment into solidifying its supply chain of prescription medications. "We are very pleased to have the support of this investment as we enter the next phase of our business model," stated Mr. Robert DelVecchio, Chief Executive Officer of Assured Pharmacy. "As we lay the foundation for expanding our pharmacy footprint int
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SOURCE Assured Pharmacy, Inc.
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4. Assured Pharmacy Completes Audit of 2008-2009 Financial Statements
5. Assured Pharmacy Reports Same Store Sales for the Month of December 2010
6. Assured Pharmacy, Inc. Receives Gross Proceeds of $300,000 from Sale of Convertible Debentures and Warrants
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