Navigation Links
Medbox Signs Ad Deal With Entrepreneur Magazine
Date:3/8/2013

HOLLYWOOD, Calif., March 8, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), announced they have signed a deal with Entrepreneur Media for a full page ad placement in their award winning magazine "Entrepreneur." This leading small business magazine serves 619,988 paid subscribers as of July 2012 and boasts a total readership exceeding 2.7 million. The placement represents Medbox's most aggressive marketing project to date. The ad, which will debut in the May issue and will continue for at least a six month run, will urge Entrepreneur's ambitious and affluent audience to "Join The Green Rush."

"This marks the first time any marijuana related business, albeit a passive relation as is the case with Medbox, will be featured in a mainstream investment periodical of this magnitude," said Dr. Bruce Bedrick , CEO of Medbox, Inc. "The advertisement is the most significant promotion vehicle the company has ever pursued and we are elated that Entrepreneur is fostering a working relationship with Medbox."

The company also issued a shareholder update via email to its certificate holders of record. Pursuant to regulations, the company is making the information contained in the email public via press release. The email contained the following highlights achieved by the company over the last few months:

  • Highest revenue generating month in the company's history occurring in January of 2013 at $900,000
  • Commenced audit of prior 2-years financials in order to become fully reporting with the SEC (target completion this month)
  • Confirmed a total of over $4.5m revenue booked for the 2012 calendar year
  • Acquired an interest in Bio-Tech Medical Software, Inc. (business has 2 patents that are instrumental in stopping prescription pill abuse through the use of biometric technology at pharmacies)
  • Commenced acquisition discussions with 4 additional targets in related businesses to Medbox
  • Recorded first balance sheet with over $1 million in cash reserve on hand
  • Recorded 34% EBITDA margin in 2012 financials
  • Appeared live on Fox Business Channel, Bloomberg, Huffington Post Live, and CNBC
  • Commenced building up to 30 dispensaries in San Diego for new and existing consulting clients
  • Began consulting and technology sales in Massachusetts, Connecticut, Colorado, and Washington regarding new canna-business setups.
  • Secured a $6 million equity transaction with a private investment company ($1 million paid to date and another $5 million to be paid by May 2013).
  • Founder and majority shareholder, Vincent Mehdizadeh , caused a board resolution to be signed allowing for 612,000 in common shares and a 3,000,000 preferred shares to be placed back to treasury for the company. These shares, which were in Mr. Mehdizadeh's possession, were given back to the company and cancelled to assist with acquisition activity without diluting existing shareholders.

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 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 Featured in Huffington Post Report on the Legal Marijuana Industry
2. Medbox, Inc. Sees Opportunity in Several New States
3. Medbox, Inc. Comments on California Supreme Court Decision
4. Medbox, Inc. Unveils Customer Financing Program
5. Medbox, Inc. Finalizes Manufacturing Plans for 2013 Product Line
6. Medbox, Inc. Announced Increased Funding for Corporate Giving Program in 2013
7. Medbox, Inc. Commences Pursuit of Strategic Acquisitions
8. Medbox, Inc. Offers Guidance and Consultation To Washington State
9. Medbox Updates Financial Projections
10. Medbox Responds to Unprecedented Rise in Stock Price
11. Medbox Inc. Featured in Wall Street Journal
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... , February 11, 2016 ... at Worldwide Clinical Trials, will present at this year,s Summit ... the Hyatt Regency in Miami, FL. ... partnerships to optimize study execution, supporting SCOPE,s "Improving Site Study ... take place on Thursday, Feb. 25 at 11:05 a.m. ...
(Date:2/11/2016)... Fla. , Feb. 11, 2016 ... ) company providing high-quality specialty pharmacy care for ... announced today it has achieved full Specialty Pharmacy ... accrediting organization dedicated to promoting health care quality ... --> --> The URAC accreditation ...
(Date:2/11/2016)... 11, 2016 SI-BONE, Inc., a medical ... iFuse Implant System, a minimally invasive surgical (MIS) ... the sacroiliac (SI) joint, announced the publication of ... MIS SI joint fusion for patients suffering from ... or SI joint disruption.  In the first article, ...
Breaking Medicine Technology:
(Date:2/11/2016)... , ... February 11, 2016 , ... The president released ... Military Health System but would shift more of the cost burden to military beneficiaries. ... plan laid out in the defense budget as including limited quantifiable benefit fixes mixed ...
(Date:2/11/2016)... ... February 11, 2016 , ... In a new paper ... surgeon , Dr. Rod J. Rohrich, and colleagues, examine and underscore the importance ... for rhinoplasty surgeons when addressing this vital area. , The upper lateral cartilage ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... as General Counsel. Garrett will focus on contract negotiations, corporate strategy and healthcare ... security law, and best practices in data breaches for the Part D Star ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... Village Family Practice , will be presenting at the 2016 HIMSS Annual ... Vegas, Nev. , During his session, “ Coding for Care: Using Data ...
(Date:2/11/2016)... ... 11, 2016 , ... Be Well Medical Group (Be Well) is ... Town at 108 South Columbus St, Suite 201, Alexandria, VA. Be Well Medical Group ... in the convenience of their homes, offices or at the practices’ local office. It ...
Breaking Medicine News(10 mins):