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

nimize the necessity for employee interaction on simple refills on standard items. This reduces overhead, streamlines operations and provides added convenience for the customer.

The units are built by AVT, Inc – one of the nation's leading developers of automated retailing systems.

"We offer systems that benefit both the patrons that receive their medication though our machines as well as the pharmacies that utilize our technology", states Vincent Mehdizadeh, CEO of MedBox. "The patrons get quick and convenient access to their medication, while the pharmacies gain increased inventory awareness, unparalleled accuracy, and lower overhead costs". 

MedBox is now traded on the OTC Board, ticker symbol MDBX.

About MedBox:  

MedBox is a leader in the automated dispensing of medicines, and has offices throughout the world, including New York, Tokyo and the corporate headquarters in Los Angeles. The system has been praised by virtually all parties because it reduces fraud, waste and abuse. The system provides accurate taxation reports, as the transaction logs cannot be modified. Limits can be set as to how much medicine the machine can dispense to patients (per day, week, month, etc.), as well as documents possible misuse if patients are registered at multiple locations and are accumulating large quantities of medicine. The machines will not dispense to patients that are not registered and do not possess an identification card, fail fingerprint verification, have an expired prescription or have reached their dispensing limit (if applicable). The system software will not permit registration to individuals under the age of 21 and will not dispense to those individuals.

MedBox provides their proprietary, patented system and consulting services to pharmacies, clinics, hospitals, and medical groups worldwide.


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