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Assured Pharmacy Announces Reverse Stock Split
Date:4/7/2011

FRISCO, Texas, April 7, 2011 /PRNewswire/ -- Assured Pharmacy (APHY: pinksheets), a leading specialty pharmacy group providing prescription medications to more than 3,000 sufferers of chronic pain, has filed a Certificate of Amendment to its Articles of Incorporation to effect a 1-for-180 reverse stock split of the authorized common shares concurrently with a corresponding equivalent 1-for-180 reverse stock split in the number of issued and outstanding common shares of the Company.  A new CUSIP number has been assigned to the Company's common stock as a result of the reverse stock split.

The reverse stock split was authorized by the Company's Board of Directors and will be effective on April 15, 2011. It will reduce the Company's outstanding common stock from approximately 416,200,000 shares, as of the date of this release, to approximately 2,321,222 shares.  The authorized shares of common stock will be proportionally reduced from 3,000,000,000 to 16,666,667 shares.  On the effective date of the reverse stock split, the stock conversion price under which shares of the Company's preferred stock can be converted into shares of the Company's common stock will be proportionately increased.  No fractional shares will be issued if, as a result of the reverse stock split, a registered stockholder will otherwise become entitled to a fractional share. Instead, stockholders who otherwise would be entitled to receive fractional shares will automatically be entitled to receive an additional share of common stock as a fractional share will be rounded up to the nearest whole number.

"This reverse stock split is another step taken in furtherance of positioning the Company to seek a listing on a senior stock exchange," said Robert DelVecchio, Chief Executive Officer of Assured Pharmacy.  

About Assured Pharmacy, Inc.Assured Pharmacy, Inc. is engaged in the business of operating specialty pharmacies that primarily dispense highly
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SOURCE Assured Pharmacy, Inc.
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