ScripsAmerica Provides Highlights of Upcoming Presentation
18 3월 2015 - 9:00PM
Business Wire
Will Report Preliminary Fiscal 2014 Revenues of
over $31 Million and Profitable Second Half of Year
Now Projecting First Quarter 2015 Net Income of
over $400,000 on Revenues of more than $9.5 Million
ScripsAmerica, Inc. (OTCBB: SCRC), a leading provider of a range
of specialty prescription and over the counter pharmaceuticals and
medical supplies, today provided the investment community
highlights of comments it will be making at the Wall Street Analyst
Forum’s 25th Annual Institutional Investor Conference about the
Company's significantly improved financial results, outstanding
growth of the specialty pharmacy business and rapid emergence of
new revenue streams from diabetic medical supplies, PIMD
International, Inc. and physician dispensing programs. This
conference will be held at the University Club in New York, NY on
Thursday, March 19, 2015.
- The Company is currently projecting
first quarter 2015 Net Income of over $400,000 on revenue of over
$9.5 million
- The Company's preliminary financial
reports indicate that revenue for the year ended December 31, 2014
is expected to exceed $31 million
- The Company's preliminary financial
reports indicate that the Company expects to report positive Net
Income and EPS for the second half of 2014
- As of December 31, 2014, it is
anticipated that the Company will have over $1.3 million in working
capital, an approximately $3 million improvement in liquidity over
the course of fiscal 2104. In addition, the Company has a $4
million working capital line of credit, providing all of the
liquidity and capital needed to execute its 2015 growth plan
- The Company's PIMD International
subsidiary has increased revenues from $150,000 in January to
$500,000 in February, with expectations that revenues will remain
at, if not exceed, February levels for the balance of the year
- The Company's newly launched diabetic
medical supplies business has enrolled over 700 patients, which
will ramp a valuable new revenue stream over the balance of the
year
- The Company has signed 2 Letters of
Intent to purchase additional pharmacies, which will supplement the
revenues being generated by Main Avenue Pharmacy
Mr. Schneiderman said, "Our goal is to generate value for our
shareholders and the outstanding financial performance achieved in
fiscal 2014, especially over the second half of the year, has
created tremendous momentum heading into 2015, with current
projections of a profitable first quarter of 2015. We have put in
place a strategy that capitalizes on unique market niches where
ScripsAmerica has a competitive advantage, and have built the
infrastructure and management team that can effectively execute a
plan to grow in these markets. While there will always be
headwinds, because of our increasing financial strength and diverse
product offerings, we are confident that ScripsAmerica will
generate attractive growth in fiscal 2015 with significant
improvement to the bottom line."
A live webcast of the Company’s presentation at the Wall Street
Analyst Forum’s Institutional Investor Conference can be accessed
from ScripsAmerica’s website at: www.ScripsAmerica.com.
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.
Gregory FCAJoe Hassett, 610-228-2110joeh@gregoryfca.com
ScripsAmerica (CE) (USOTC:SCRCQ)
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