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:2/5/2016)... , Feb. 5, 2016  As people age, it ... multitude of recommended screenings and tests that are linked ... priority. However, for the majority of aging individuals, hearing ... planning. For the 37.5 million American adults who report ... present to make hearing health a 2016 healthy aging ...
(Date:2/5/2016)... Feb. 5, 2016 Aethlon Medical, Inc. (Nasdaq: ... and CEO, will be presenting at Source Capital Group,s 2016 ... NY at 2:15 p.m. ET on Wednesday, February ... Panel discussion taking place at 3:15 p.m. ET. ... one hour after the conclusion of the live event. The ...
(Date:2/5/2016)... Ind. , Feb. 5, 2016  Zimmer Biomet ... pricing of the previously announced underwritten secondary offering of ... its stockholders, consisting of affiliates of Blackstone and Goldman ... at an initial price of $96.45 per share. The ... the offering.  Neither Zimmer Biomet nor any of its ...
Breaking Medicine Technology:
(Date:2/5/2016)... ... 05, 2016 , ... At its annual meeting held last week, the American ... National Board of Directors. Mr. McDermott succeeds former APDA Chairman, Fred Greene. , "We ... Chambers , APDA President and CEO. “Pat has tirelessly served APDA since 2001 when ...
(Date:2/5/2016)... ... February 05, 2016 , ... Stuart Bentkover, MD, FACS is thrilled ... provide the most effective tattoo removal today, Dr. Bentkover is the only doctor in ... Cynosure, the PicoSure has been approved by the Food and Drug Administration (FDA) as ...
(Date:2/5/2016)... ... February 05, 2016 , ... Colorize is ... one drop zone to the next using Colorize's dynamic moving camera. Colorize is perfect ... package includes a 3D slideshow environment with 1 to 5 focus points per scene, ...
(Date:2/5/2016)... , ... February 05, 2016 , ... Health and wellness ... relevant to individuals in the event they are experiencing an illness. Migraines are a ... Americans that are afflicted with migraines would not wish the pain on their worst ...
(Date:2/5/2016)... Ramsey, NJ (PRWEB) , ... February 05, 2016 ... ... Optimizing Primary Care for Patients with Rare Diseases, a continuing medical education (CME) ... conference is the first of its kind—and a first for ACCORD, whose mission ...
Breaking Medicine News(10 mins):