Medbox, Inc. to Post Acquired Subsidiary's Prior 2 Years of Financial Statements
Statements show revenues of over $5 million and retained earnings each of previous 6 quarters
HOLLYWOOD, Calif., Feb. 7, 2012 /PRNewswire/ -- Medbox, Inc. (Pinksheets: MDBX) (www.medboxinc.com) announced that by month's end, they will be releasing the prior two year's of financial statements for their subsidiary company, Prescription Vending Machines, Inc. (PVM).
The statements will show that PVM had over $5 million in revenues since 2010, with $3.5 million coming in the past 12-months. Details on the postings will also demonstrate that the company is profitable, with an aggressive growth curve.
Medbox, Inc. acquired Prescription Vending Machines, Inc. in December 2011. The company sells medicine dispensing and storage systems, which are used in hospitals, pharmacies, urgent care centers, alternative medicine clinics and doctor's offices. These patented and patent-pending systems provide a number of benefits, including better inventory control, increased security, enhanced legal compliance, and greater consumer convenience.
With an innovative product line-up that is rapidly changing the way people obtain medicines and merchandise, Medbox has been covered extensively in the media, and has recently been featured in the Los Angeles Business Journal, KTLA News MarketWire, Bloomberg News, and other prominent publications.
For more information, please contact the Medbox Investors Relations Department at (800) 762-1452 or go online to 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, Tokyo and Toronto, and has their corporate headquarters in Los Angeles.
Medbox provides their patented systems, software and consulting services to pharmacies, urgent care centers, clinics, hospitals, and medical groups worldwide.
Medbox, Inc. is a publicly traded company, and is listed on the OTC Board, ticker symbol MDBX.
SOURCE Medbox
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