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MedBox Announces Ticker Symbol Change
Date:11/8/2011

HOLLYWOOD, Calif., Nov. 8, 2011 /PRNewswire/ -- MedBox (Pink Sheets: MDBX) (www.thedispensingsolution.com), announced today that they have changed their ticker symbol to MDBX.  The company previously announced that their name was changing from MindfulEye to MedBox.

The company is a leader in the design, manufacture and distribution of automated dispensing systems of prescription medicines. The free-standing unit features 60 or more slots that can accommodate a wide variety of medicines and dosages, and is protected by both a military grade reinforced steel framework and an advanced bio-metrics fingerprint recognition system.

MedBox is a patented dispensing system and software program that utilizes special identification cards that are encoded with the patient's unique fingerprint and prescription allotment information. The process allows for pharmacies, hospitals, and clinics to document that the patient visiting the machine is a registered patient and that the patient has a valid and unexpired authorization from a physician to possess and use the medicine. Each transaction is tracked internally for accounting and compliance purposes. Patient information is all kept securely onsite and not online, as the software is completely self-supportive and does not require an internet connection.

The system has many benefits, which include:

  • Inventory control for operators
  • Safe and convenient access for patients,
  • Decreased overhead
  • Limitations on amounts dispensed to patients
  • Fraud prevention as every transaction is documented
  • Accurate taxation reporting to cities and states

By placing this system in a conventional pharmacy, owners and operators can reduce the long lines and uncomfortable waits that customers endure, and mi
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SOURCE MedBox
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