ScripsAmerica Secures $200,000 RapiMed Purchase Order for Hong Kong Market
March 10 2014 - 8:30AM
ScripsAmerica, Inc. (OTCBB:SCRC) today announced that the Company
has secured a $200,000 purchase order for RapiMed® from Global
Pharma Hub for the Hong Kong market. ScripsAmerica's RapiMed® Pain
Reliever and Fever Reducer for children will be supplied to a
network of independent pharmacies operating in Hong Kong, which is
home to a $988 Million pharmaceutical and OTC market expected to
reach $1.5 Billion by 2019. Consumers in Hong Kong and China are
driving the demand for safe and reliable American made OTC
medications like RapiMed due to environmental hazards, counterfeit
medications and quality control concerns across Asia, cites
ScripsAmerica.
Bob Schneiderman, CEO of ScripsAmerica, said, "We are very proud
and excited to announce our first international purchase order of
RapiMed. This is a significant milestone for ScripsAmerica that is
the result of our diligent marketing and business development
efforts in Hong Kong and partnership with Global Pharma Hub."
"With Hong Kong's robust economic growth and high standard of
living, its citizens have become increasingly conscious of their
health and well-being and as a result, are fueling a rapidly
growing demand for safe and effective OTC medications. As RapiMed
gains market awareness, we expect to secure larger orders and gain
greater market share."
"With our initial $200,000 purchase order for Hong Kong, recent
licensing agreement to distribute RapiMed in Canada and being in
the application process to distribute RapiMed in mainland China,
2014 is lining up to be a breakout year for ScripsAmerica's global
market penetration, revenues and shareholder value," concluded
Schneiderman. About ScripsAmerica, Inc.
ScripsAmerica, Inc. is a supplier of prescription, OTC and
nutraceutical drugs, delivering pharmaceutical products to a wide
range of end users across the health care industry. End users
include retail pharmacies, hospitals, long-term care facilities and
government and home care agencies. For more information, visit
www.ScripsAmerica.com.
Safe Harbor Statement This release includes
forward-looking statements, which are based on certain assumptions
and reflects management's current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors
include: general global economic conditions; general industry and
market conditions, sector changes and growth rates; uncertainty as
to whether our strategies and business plans will yield the
expected benefits; increasing competition; availability and cost of
capital; the ability to identify and develop and achieve commercial
success; the level of expenditures necessary to maintain and
improve the quality of services; changes in the economy; changes in
laws and regulations, including codes and standards, intellectual
property rights, and tax matters; or other matters not anticipated;
our ability to secure and maintain strategic relationships and
distribution agreements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACT: 888-959-7095
ir@sealpointconsulting.com
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