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Medbox Completes Financial Audit
Date:4/2/2013

nd services exceeding $350,000 booked in Q1 2013 to be paid in Q2 2013.

In addition, $1,535,000 in total receivables owed by Medbox clientele was paid in Q1 2013. Medbox anticipates that all receivables owed prior to March of 2013 will be paid in full by the end of April 2013.

"We are absolutely thrilled that we have cleared this proverbial hurdle in our company's history," stated Dr. Bruce Bedrick , CEO of Medbox, Inc. "We anticipate filing our Form 10 by Friday and 60 days thereafter the filing shall be deemed effective. We want to thank all of our supporters that helped us in becoming a viable public company." 

The audit will be uploaded to the filings section of the MDBX page of the OTC Markets site this week.  The financial statements, auditor's footnotes, and cover letter will be filed with the SEC with the Form 10. In the meantime, audited financial statements can be found at the following link on the company's website:

http://www.thedispensingsolution.com/wp-content/uploads/2013/04/Medbox-2012-2011-Financials.pdf

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
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SOURCE Medbox, Inc.
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