TYSONS CORNER, Va., Oct. 21, 2013 (GLOBE NEWSWIRE) -- ScripsAmerica, Inc. (OTCBB:SCRC) today announced that the Company has signed an agreement to acquire PIMD International, LLC, a wholesale distributor of prescription drugs as well as medical supplies and devices.
Based in Miami, Florida, PIMD International, LLC serves as a pharmaceutical wholesaler to pharmacies, hospitals, and physician's offices in the US. The company also sells medical supplies in all health care settings and online at www.pimdintl.com. PIMD, which will become part of ScripsAmerica, provides its customers with access to specific medications for their end users.
"Acquiring PIMD International is a substantial positive development for ScripsAmerica and our shareholders. We will begin generating significant additional revenues from PIMD's wholesale pharmaceutical distribution immediately upon the acquisition's closing expected to happen this quarter. Dr. Gonzalez has done a tremendous job of leading PIMD to experience rapid growth by providing the highest quality customer service to a wide variety of health care buyers in the US. ScripsAmerica will continue this aggressive growth by providing wholesale prescription drugs and excellent service in high demand markets," commented ScripsAmerica's CEO, Bob Schneiderman.
PIMD International's Founder, Vanessa Gonzalez, PharmD, added, "We are very excited to become a part of ScripsAmerica. Their excellent reputation and experience in the wholesale pharmaceutical market will ensure that PIMD's customer base continues to receive the highest quality service and continues to grow."
About ScripsAmerica, Inc.
ScripsAmerica, Inc. is a supplier of prescription, OTC and nutraceutical drugs, delivering pharmaceutical products to a wide range of end users across the health care industry. End users include retail pharmacies, hospitals, long-term care facilities and government and home care agencies. For more information, 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.