SCRCQ ScripsAmerica Inc (CE)

ScripsAmerica Files Suit Against Ironridge Global IV, Ltd. in Federal Court

Company Seeks Return of Shares and Damages

TYSONS CORNER, VA--(Marketwired - May 27, 2014) - ScripsAmerica Inc. (OTCBB: SCRC), today announced that on May 22, 2014, ScripsAmerica Inc. filed a lawsuit against Ironridge Global IV, Ltd. ("Ironridge"), its principals and certain other defendants in the Federal district court for the Central District of California.

In this lawsuit, the Registrant alleges against Ironridge (i) securities fraud under Section 10(b) of the Securities Exchange Act and Rule 10b-5, (ii) breach of contract and (iii) tortious bad faith. This lawsuit stems from a transaction entered into between Ironridge and ScripsAmerica in November 2013 which was disclosed in a Current Report on Form 8-K filed by ScripsAmerica on November 19, 2013.

ScripsAmerica is seeking (a) a declaratory judgment from the court that would excuse ScripsAmerica from issuing any more shares under the Stipulation, (b) compensatory damages (to the extent ScripsAmerica can prove such damages), (c) attorneys' fees and court costs for this action and (d) punitive damages.

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: Seal Point Consulting 888-959-7095 Email Contact