Navigation Links
Medbox, Inc. Commences Pursuit of Strategic Acquisitions
Date:12/7/2012

HOLLYWOOD, Calif., Dec. 7, 2012 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), announced the formation of an internal committee to pursue and evaluate strategic acquisitions. The committee is charged with identifying companies that provide synergies and logical product extensions in the industries Medbox serves.

Utilizing its strong stock price, which has recently settled into the $20 range and boasting a market capitalization of over $245 million, the company is actively pursuing select strategic acquisitions of 50% or more ownership of entities in the following market segments:

  • Pharmaceutical packaging (prescription bags and vials)
  • Security and control (ability to implant RFID technology into packaging for unit tracking and security)
  • Mag-stripe card manufacturers
  • Medical cannabis lab testing
  • Cannabinoid research and development companies

"With the interest in Medbox being shown by alternative medicine dispensaries, assisted living facilities, hospice, urgent care centers, and prisons, expanding our capability to offer a full range of solutions, covering all touch points, will best serve our clients' interests, and open more market opportunities for the company," stated Dr. Bruce Bedrick, CEO of Medbox, Inc. "We are encouraged by the fact that our user base is growing at an enormous rate. Being able to profit from products and services offered to those clients makes a lot of sense for the company as well as our shareholders."

To avoid dilution to shareholders, the company's executives, founders, and affiliates, who possess over 90% of the company's stock will be contributing up to 2,000,000 shares of Medbox stock, valued at approximately $45,000,000, back to the company to support acquisition activity.

Principals and financial intermediaries are welcome to contact the company in confidence at acquisitions@medboxinc.com. Companies must submit 3 years of complete financials for consideration.

About Medbox, Inc: 

Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox has offices throughout the world, including New York, Arizona, Connecticut, Massachusetts, Tokyo, London and Toronto, and has their corporate headquarters in Los Angeles.

Medbox provides their patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide.

Medbox, Inc. is a publicly traded company, and its stock is quoted on the OTC Markets, ticker symbol MDBX.

For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to www.medboxinc.com.


'/>"/>
SOURCE Medbox, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Medbox, Inc. Rides a Wave of Local Media Support in Connecticut
2. Medbox, Inc. Weighs-in on FDA Evaluation of Prescription Medicine Dispensing Systems
3. Medbox, Inc. To Support Referendum Overturning LA City Council Ban on Medical Marijuana Outlets
4. Medbox, Inc. at the Forefront of Providing Secure Medicine Dispensing Systems to Prisons
5. Medbox, Inc. Protects Its Image as a Leader in Sensible Medication Dispensing
6. Medbox, Inc. Offers Guidance and Consultation To Washington State
7. Inaugural National Mobility Awareness Month Commences in May Saluting the More than 18 Million with Disabilities
8. Bausch + Lomb Commences Tender Offer of Its 9 7/8% Senior Notes due 2015 (CUSIP Nos. 071707AN3 and U07190AA6)
9. American Pacific Corporation Commences Debt Refinancing
10. Perrigo Receives FDA Approval And Commences Launch Of Clobetasol Propionate Shampoo, 0.05%
11. Ocular Therapeutix Commences Pilot Phase II Travoprost Punctum Plug Study for the Treatment of Glaucoma
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)...   Pulmatrix, Inc ., (NASDAQ: PULM ... announced today that it was added to the Russell ... comprehensive set of U.S. and global equity indexes on ... milestone for Pulmatrix," said Chief Executive Officer Robert ... progress in developing drugs for crucial unmet medical needs, ...
(Date:6/23/2016)... Research and Markets has announced the addition of ... report to their offering. ... kidney failure, it replaces the function of kidneys by removing ... thus the treatment helps to keep the patient body,s electrolytes ... Increasing number of ESRD patients & substantial healthcare expenditure ...
(Date:6/23/2016)... , June 23, 2016 Roche (SIX: ... 510(k) clearance for its Elecsys BRAHMS PCT (procalcitonin) assay ... sepsis or septic shock. With this clearance, Roche is ... a fully integrated solution for sepsis risk assessment and ... with bacterial infection and PCT levels in blood can ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... ... PawPaws brand pet supplements owned by Whole Health Supply is ... of felines. The formula is all-natural and is made from Chinese herbs that have ... Kidney Support Supplement Soft Chews are Astragalus Root Extract and Rehmannia Root Extract ...
(Date:6/25/2016)... , ... June 25, 2016 , ... ... policy issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at ... on several important health care topics including advance care planning, healthcare costs and ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... "With 30 ... their specific project," said Christina Austin - CEO of Pixel Film Studios. , ... and all within Final Cut Pro X . Simply select a ProHand generator ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. ... from injury. Recently, he has implemented orthobiologic procedures as a method for treating ... one of the first doctors to perform the treatment. Orthobiologics are substances that ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... A recent ... that most people are unfamiliar with. The article goes on to state that individuals ... also many of these less common operations such as calf and cheek reduction. The ...
Breaking Medicine News(10 mins):