Assured Pharmacy Opens Kansas City Location
Fifth Specialty Pharmacy Now Filling Prescriptions and Processing Patients
FRISCO, Texas, Dec. 1, 2011 /PRNewswire/ -- Assured Pharmacy, Inc. (Pink Sheets:APHY.PK), a leading specialty pharmacy group providing prescription medications to more than 3,000 sufferers of chronic pain, announced that its fifth specialty pharmacy is now open for business. Located in the Kansas City metropolitan area, this location joins the Company's existing pharmacies in Santa Ana and Riverside, California; Seattle, Washington; and Portland, Oregon.
Robert DelVecchio, CEO of Assured Pharmacy, said, "The opening of our Kansas City store marks a major milestone in our growth strategy. The new pharmacy will benefit from the most recent enhancements to our business model, which utilizes past experience and best practices derived from the development of our other pharmacies. As a result of our historical experience and careful planning, the Kansas City pharmacy was opened on schedule and within our budget. We are excited to serve the needs of physicians and chronic pain patients in this region of the country."
The Kansas City pharmacy employs staff specifically 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. Its services are designed to reduce doctors' exposure to liability triggered by fraudulent scripts of schedule II and III medications, and it also handles pre-authorization and verification issues.
About Assured Pharmacy, Inc.
Assured Pharmacy, Inc. is engaged in the business of providing specialty pharmacy services to patients and physicians in the treatment of chronic pain. The Company derives its revenue primarily from the sale of highly regulated prescription pain medications 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 five operating pharmacies.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to increase revenue and profits in the current economic climate; the effect of changing economic conditions; lack of sufficient financing for opening new pharmacies; inability to manage growth; and changes in government regulations, controls and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Assured Pharmacy, Inc.
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