ScripsAmerica Enters Supply Agreement With RapiMed(R) Manufacturer
June 09 2014 - 8:30AM
Marketwired
ScripsAmerica Enters Supply Agreement With RapiMed(R) Manufacturer
Company Formalizes Relationship With RapiMed(R) Supplier
Following the Completion of Its First Product Order for Hong
Kong
TYSONS CORNER, VA--(Marketwired - Jun 9, 2014) - ScripsAmerica
Inc. (OTCBB: SCRC), a leading supplier of prescription, OTC and
nutraceutical drugs, today announced that the Company has signed a
2-year manufacturing supply agreement with the manufacturer of its
RapiMed® children's pain reliever and fever reducer.
The recently signed agreement formalizes the working
relationship between ScripsAmerica and RapiMed®'s manufacturer. The
two companies have been working together and just
completed ScripsAmerica's first order ticketed for Hong Kong
in the amount of $200,000.
"Our first RapiMed® order took longer to produce since Scrips
was contracted for a finished product in the Hong Kong approved
packaging which was delivered by our supplier. Subsequent orders
will be produced in as little as two weeks from the time they are
ordered and we anticipate sales of our first product, RapiMed®, to
increase during the second half of 2014," commented ScripsAmerica's
CEO, Bob Schneiderman.
ScripsAmerica has filed an 8-K with the SEC requesting that
disclosing the name of the Company's RapiMed® manufacturer be
considered as "Disclosure of the Confidential Information" and
would seriously harm the Company's competitive advantage in China
for its product and ability to secure future manufacturing and
supply agreements for RapiMed® or other orally disintegrating
tablet products on terms more advantageous than the Supply
Agreement.
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
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