FRISCO, Texas, March 9, 2011 /PRNewswire/ -- Assured Pharmacy (Pink Sheets: APHY), a leading specialty pharmacy group providing prescription medications to more than 3,000 sufferers of chronic pain, is pleased to announce that the accounting firm of UHY, LLP has completed an audit of Assured Pharmacy's consolidated financial statements for the years ended December 31, 2008 and 2009. An audit for the year ended December 31, 2010 is in process which is expected to be completed within the next forty-five days. The audited financial statements have been posted on the OTC Markets website and are available at www.otcmarkets.com under our ticker symbol, APHY.PK.
"Completion of the financial statement audits is the first step in positioning the Company to seek a listing on a senior stock exchange." said Robert DelVecchio, Chief Executive Officer of Assured Pharmacy.
About Assured Pharmacy, Inc.
Assured Pharmacy, Inc. is engaged in the business of operating specialty pharmacies that primarily dispense highly regulated pain medication. The Company derives its revenue primarily from the sale of prescription drugs 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 four operating pharmacies. Three of those pharmacies are wholly owned and the Company has a 94.8% ownership interest in the other pharmacy.
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.
Mr. Robert DelVecchio
Chief Executive Officer
Assured Pharmacy, Inc.
SOURCE Assured Pharmacy, Inc.