HOLLYWOOD, Calif., June 24, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing consulting services and patented systems to the medical and retail industries, announced completion of a demonstration video of its patented Medbox Lockbox Express product for pharmacy retail stores.
The company has an existing patent for the database functionality of the software and an additional patent pending with the USPTO for the overall system.
"Lockbox Express has been the culmination of years of development and we are delighted at the opportunity to pilot the system in the US this year or in Q1 2014," stated Dr. Bruce Bedrick, CEO of Medbox, Inc. "We are proud of our development of the Lockbox Express and feel it will revolutionize the way patients retrieve their filled prescriptions and related products at retail pharmacies," he added.
The company announced Dr. Bedrick has been appointed as CEO of the Medbox Rx, Inc. subsidiary, which is wholly owned by Medbox, Inc, the public company. The function of the subsidiary is to specifically focus on systems that are catered to the prescription pharmaceutical market.
"I fully anticipate having this subsidiary take much of my time in the coming months as we prepare for the pilot run of the Medbox Lockbox Express. Our talented management team is ready, willing, and able to pick up the slack while I focus my attention on this project," commented Bedrick.
The demo can be viewed by clicking the following link:
Or by visiting the company's website by clicking on "Lockbox Express Demo" on the home page located at: www.thedispensingsolution.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.