ScripsAmerica Issues Second Payment on Largest Convertible Note
April 02 2014 - 8:30AM
ScripsAmerica Inc. (OTCBB:SCRC), today announced
that the Company has issued the second payment due on its
convertible note with the largest principal and closest conversion
date. This most recent payment on this note as well as the
Company's first payment announced on February 19th eliminate any
possibility of its conversion into common stock. ScripsAmerica has
prepaid several convertible notes prior to their conversion date in
2013 and 2014. ScripsAmerica's CEO, Bob Schneiderman, commented,
"The revenue streams that Scrips has established have enabled us to
prepay these notes as an alternative to their conversion into
shares. This policy has prevented any additional dilution of our
stock as we continue to safeguard our shareholder value."
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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