NEW CASTLE, Del., July 23, 2012 (GLOBE NEWSWIRE) -- ScripsAmerica Inc. (OTCBB:SCRC), a leading supplier of prescription, OTC and nutraceutical drugs, today announced that as of July 24, 2012, the Company will begin trading on the Over-the-Counter Bulletin Board (OTCBB) under the ticker symbol "SCRC".
The company's publicly traded status follows FINRA's approval of its 15c2-11 filing. The OTC Bulletin Board® (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ or a national securities exchange.
"We are extremely pleased to begin trading on the OTC Bulletin Board and believe that this is an optimal time to introduce ScripsAmerica into the investment community. The market for generic drugs and over-the-counter medications has become a multibillion dollar industry and ScripsAmerica is prepared and eager to expand our market share in it in the coming months and years," commented ScripsAmerica's CEO, Bob Schneiderman.
Additionally, as a fully reporting company, we look forward to providing both complete transparency and liquidity to attract both individual and institutional investors to the company."
About ScripsAmerica
ScripsAmerica is a national low-cost supplier and distributor of generic Rx, branded Rx, OTC, nutraceuticals, and oral delivery OTC pharmaceuticals. The company distributes these products through mass merchants, super markets, chain drug stores, independent drug stores, hospitals, long-term care, HMO's, mail order, home health care, clinics, PBM's, and State and Federal Governments.
For more information please visit: www.ScripsAmerica.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.