FRISCO, Texas, July 27, 2011 /PRNewswire/ -- Assured Pharmacy, Inc. (Other OTC: APHY.PK), a leading specialty pharmacy group providing prescription medications to more than 3,000 sufferers of chronic pain, announced that it has signed a lease in Kansas City, Kansas for its fifth pharmacy location. Subject to regulatory approval, the Kansas City pharmacy is anticipated to open during the Fourth Quarter of 2011. It will join the Company's existing four pharmacies in Santa Ana and Riverside, California; Kirkland, Washington; and Gresham, Oregon.
The Kansas City pharmacy will employ staff trained to work with physicians' offices in the surrounding region to ensure that the prescription process for pain medications is handled in the ideal manner. The hallmark service of our staff is to reduce doctors' exposure to liability triggered by fraudulent prescriptions of schedule II and III medications, while at the same time streamlining the prescription process.
Robert DelVecchio, CEO of Assured Pharmacy, said, "The opening of our fifth pharmacy later this year in Kansas City will represent a significant step forward in our natural growth as a company. As we expand our chain to offer services to physicians in new markets, we believe that the advantages of our business model will become more clear. The challenges associated with pain management can be found in every city and town in the country, and ultimately we hope to open pharmacies to serve patients and doctors in the top metropolitan regions across the country."
About Assured Pharmacy, Inc.
Assured Pharmacy, Inc. is engaged in the business of operating specialty pharmacies that primarily dispense highly regulated pain medication. The Company derives its revenue primarily from the sale of prescription drugs and does not keep in inventory non-prescription drugs or health and beauty related products inventoried at traditional pharmacies. The majority of the Company's business is derived from repeat business from its customers. "Walk-in" prescriptions from physicians are limited. The Company currently has four operating pharmacies. For more information, please visit the company's website at http://www.assuredrxservices.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to increase revenue and profits in the current economic climate; the effect of changing economic conditions; lack of sufficient financing for opening new pharmacies; inability to manage growth; and changes in government regulations, controls and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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|SOURCE Assured Pharmacy, Inc.|
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