Medbox CEO Dr. Bruce Bedrick on Bloomberg TV

HOLLYWOOD, Calif., Aug. 16, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing industry specific consulting services and patented systems to the medical and retail industries, announced that the company CEO, Dr. Bruce Bedrick, appeared on Bloomberg TV "In the Loop" with Betty Liu.

Liu began the piece by stating that the tide of public opinion was turning favorably toward accepting medical marijuana. She quoted Dr. Sanjay Gupta of CNN, who recently publicly reversed his stance on marijuana and now believes that the government has misled people about the dangers of the substance, and that there are scientifically proven benefits.  

Bedrick reminded Liu that Medbox is not just in the medical marijuana business. "Not only are we the leaders in the medical marijuana industry, but our technology is second to none," Dr. Bedrick commented. "We have products that will improve the traditional pharmaceutical industry, as well. "

Bedrick noted that the company's patent specifically states that it is for the automated dispensing of prescription pharmaceuticals – not just medical marijuana.

The company CEO also gave a sneak peek into the company's new product introductions, which will be for doctor's offices, retail pharmacies, and military bases.

When asked about the company's challenges, Bedrick said that while there are long sales cycles and lengthy pilot studies when dealing with large billion dollar corporations such as major pharmacy retailers, he was very encouraged about the company's prospects and that all indications were positive.

Bedrick was asked about expansion, and he reported that there is great acceptance in Europe and South America for technology that controls and tracks medical marijuana and as such he believes Medbox products will be in high demand.

"It's going to be spectacular," Bedrick said. 

To view the Bloomberg Television interview, visit: http://www.bloomberg.com/video/medbox-ceo-bruce-bedrick-on-medical-marijuana-eQsYs9ejQbKx2j9qpUWgUA.html

For more information about Medbox, visit: www.medboxinc.com.

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.

Forward-Looking Statements: The statements in this press release constitute forward-looking statements within the meaning of federal securities laws.  Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control.  In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.  Potential risks and uncertainties include, but are not limited to, technical advances in the industry, political conditions and economic conditions in the states considering such legislation.  We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.

SOURCE Medbox, Inc.