HOLLYWOOD, Calif., Dec. 21, 2012 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), announces the fulfillment of the Director of Mergers and Acquisitions position.
MedBox, Inc., welcomes William Smith, III to the management team. Mr. Smith is a highly educated professional possessing a BA in Business Management, BS in Accountancy, and a MBA in Business Administration with a concentration in accountancy for CPA eligibility. He is further a doctoral (PhD) pending scholar, with more than 16 years in the banking industry and 10 additional years building one of the largest pet health insurance companies in the United States. His career path has exposed him to the budgetary process, financial analyzation, operational efficiencies, direct response marketing strategies, social media outlets, public relations, public speaking, and this when combined with his public company expertise galvanizes him to oversee Medbox's merger and acquisition department. Mr. Smith will also be taking the lead as the CEO of Medicine Dispensing Systems, a wholly owned subsidiary of Medbox, Inc.
Among his many successes, his greatest accomplishment was serving as the founder, Chairman, and CEO of the Hartville Group. Hartville is among the largest pet health insurance companies in the United States, which services a $20 billion industry. During his 10-year stewardship, the company was a full reporting and publicly traded company, which utilized the successful comic strip character "Garfield" created by Jim Davis. He has supervised acquisition activity, presented investment transactions to Wall Street, conducted investor road shows, negotiated investment transactional structure, and reported corporate operating success on nationwide radio, television, and telephonic conference calls. Investment transactions closed by the Hartville Group included debt financing totaling $3 million and equity financing of $16 million. Hartville today remains one of America's oldest and most established independent pet health insurers.
"We are thrilled to have Mr. Smith on our talented team and will draw an immediate boost in knowledge from him as he has navigated through many of the challenges our company will be facing in becoming a fully reporting company next year," stated Dr. Bruce Bedrick, CEO of Medbox, Inc.
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.
SOURCE Medbox, Inc.