LOS ANGELES, April 3, 2014 /PRNewswire/ -- Medbox, Inc. (OTCQB: MDBX) (www.medbox.com), a leader in providing consulting services and patented medicine storage and dispensing systems to the medical and retail industries, today announced that effective with the opening of the market on Thursday, April 3, 2014, the company's common stock will be traded on the OTCQB® tier of the OTC markets.
The stock will continue to trade under the ticker symbol "MDBX".
The OTCQB® marketplace offers informed trading for securities for smaller or developing companies that are reporting and are current in disclosures to a U.S. regulator (SEC, Bank, or Insurance).
"Moving to the OTCQB® tier of the OTC markets is an important step, providing greater liquidity to our shareholders," commented Dr. Bruce Bedrick, Chief Executive Officer of Medbox. "This transition also underscores the steps Medbox has taken to establish itself as the clear leader in the emerging marijuana sector, including becoming a fully reporting, SEC-compliant company. As we continue to execute, we hope to move to a national listing on another exchange by the end of 2014."
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. Headquartered in Los Angeles, Medbox, through its wholly owned subsidiary, Medicine Dispensing Systems, offers their patented systems, software and consulting services to pharmacies, medical dispensaries and local governments in the U.S. In addition, through its wholly owned subsidiary, Vaporfection International, Inc. (www.vaporfection.com), the company offers an industry award winning medical vaporizer product.
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 as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
Medbox, Inc. is a publicly traded company, and is quoted on the OTC Markets, ticker symbol MDBX.
For more information on Medbox, please contact (800) 762-1452 or go online to: http://www.medbox.com.
SOURCE Medbox, Inc.