Assured Pharmacy Signs Lease in Kansas City, Kansas for its Fifth Pharmacy Location
Opening of Fifth Specialty Pharmacy Anticipated for 4Q 2011
Assured Pharmacy, Inc. (Other OTC:APHY.PK.pk - News), a leading specialty pharmacy group providing prescription medications to more than 3,000 sufferers of chronic pain, announced that it has signed a lease in Kansas City, Kansas for its fifth pharmacy location. Subject to regulatory approval, the Kansas City pharmacy is anticipated to open during the Fourth Quarter of 2011. It will join the Company's existing four pharmacies in Santa Ana and Riverside, California; Kirkland, Washington; and Gresham, Oregon.
The Kansas City pharmacy will employ staff trained to work with physicians' offices in the surrounding region to ensure that the prescription process for pain medications is handled in the ideal manner. The hallmark service of our staff is to reduce doctors' exposure to liability triggered by fraudulent prescriptions of schedule II and III medications, while at the same time streamlining the prescription process.
Robert DelVecchio, CEO of Assured Pharmacy, said, "The opening of our fifth pharmacy later this year in Kansas City will represent a significant step forward in our natural growth as a company. As we expand our chain to offer services to physicians in new markets, we believe that the advantages of our business model will become more clear. The challenges associated with pain management can be found in every city and town in the country, and ultimately we hope to open pharmacies to serve patients and doctors in the top metropolitan regions across the country."
About Assured Pharmacy, Inc.
Assured Pharmacy, Inc. is engaged in the business of operating specialty pharmacies that primarily dispense highly regulated pain medication. The Company derives its revenue primarily from the sale of prescription drugs and does not keep in inventory non-prescription drugs or health and beauty related products inventoried at traditional pharmacies. The majority of the Company's business is derived from repeat business from its customers. "Walk-in" prescriptions from physicians are limited. The Company currently has four operating pharmacies. For more information, please visit the company's website at http://www.assuredrxservices.com.
Janet Vasquez
The Investor Relations Group
212-825-3210
jvasquez@investorrelationsgroup.com
The Investor Relations Group
11 Stone Street, 3rd floor
New York, NY 10004
212-825-3210
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