LOS ANGELES, Aug. 15, 2014 /PRNewswire/ -- Medbox, Inc.
(OTCQB:MDBX) (www.medbox.com) (the "Company"), a leading dispensary
infrastructure/licensing specialist, patented technology provider,
and partner to the cannabis industry, announced today that it has
filed its 10-Q for the second quarter ended June 30, 2014, and will host its second quarter
2014 financial results conference call on Monday, August 18, 2014 at 4:15pm EDT.
Guy Marsala, Medbox's CEO,
commented, "Our second quarter 2014 results show that our Company
is beginning to implement its business model that transitions away
from one-time consulting fees, towards a model that generates
recurring revenues by partnering and signing management agreements
with dispensary and cultivation operators who are committed to
operate in a safe, secure and compliant manner. In addition to
continuing to build our infrastructure in Medbox Management
Services, we are also rolling out a new Medbox Secure Safe, as well
as a new portable vaporizer through our wholly owned subsidiary,
Vaporfection."
"We believe that these initiatives combined with our pipeline of
current business opportunities will create predictable and
profitable revenue growth for our Company and build shareholder
value for our investors," concluded Mr. Marsala.
This inaugural public company conference call will be hosted by
Guy Marsala and Thomas Iwanski, Chief Financial Officer.
The live conference call can be accessed by dialing (866) 952-1906.
Participants should ask for the Medbox Earnings Conference
Call.
Conference Call Details:
Date: Monday, August 18, 2014
Time: 4:15PM EDT
Dial-in Number: (866) 952-1906
The questions and answers part of the conference call will be
processed via emailed questions. If you have any questions feel
free to submit to hart@haydenir.com, at least 6 hours prior to the
conference call. Please include your name, contact phone number,
email address and question.
Participants are recommended to dial-in approximately 10 minutes
prior to the start of the event. A replay of the call will be
available approximately two hours after completion through
September 1, 2014. To listen to the
replay, dial (800) 723-6062.
About Medbox, Inc.
Medbox, Inc. ("MDBX" or the "Company") is the leading dispensary
infrastructure and licensing specialist, patented technology
provider, and partner to the cannabis industry. Headquartered in
Los Angeles, CA, Medbox, through
its wholly owned subsidiary, Medicine Dispensing Systems, offers
its patented systems, software and consulting services to
pharmacies, alternative medicine dispensaries and local governments
in the U.S. In addition, through its wholly owned subsidiary,
Vaporfection International, Inc. (www.vaporfection.com), the
company offers an industry award winning medical vaporizer product.
Medbox, through its newly established subsidiaries, is developing
the following ancillary services tailored to the alternative
medicine industry: merchant services and armored transport for cash
deposits, cannabidiol research and development, real estate
acquisitions and subsequent lease programs to alternative medicine
dispensaries, and alternative medicine dispensary management
services.
Forward-Looking Statements
The statements in this press release constitute forward-looking
statements within the meaning of federal securities laws. Such
statements are based on our current beliefs and expectations and
are inherently subject to significant business, economic and
competitive uncertainties and contingencies, many of which are
beyond our control. In addition, such forward-looking statements
are subject to assumptions with respect to future business
strategies and decisions that are subject to change. Potential
risks and uncertainties include, but are not limited to, technical
advances in the industry as well as political and economic
conditions present within the industry. We do not take any
obligation to update any forward-looking statement to reflect
events or developments after a forward looking statement was
made.
Contact Information
Investor Relations:
Stephen Hart
Hayden IR
+1- 917-658-7878
hart@haydenir.com
Medbox:
For more information on Medbox, please call (800)
762-1452.
SOURCE Medbox, Inc.