TYSONS CORNER, VA — (Marketwired) — 12/10/14 — (OTCBB: SCRC) today announced that the Company has secured a $4 million line of credit from Triumph Healthcare Finance. The line of credit will be used by ScripsAmerica to fund the expansion of its specialty pharmacy operations in the US and pay off its current high interest debt."We view our collaboration with ScripsAmerica not just as a loan, but as the beginning of a value-added relationship," stated Jennifer Sheasgreen, President
TYSONS CORNER, VA — (Marketwired) — 12/03/14 — (OTCBB: SCRC) today announced that its wholly owned subsidiary, Main Avenue Pharmacy, reported $5,257,753 in approved orders during November of 2014. This represents the third consecutive month that ScripsAmerica–s specialty pharmacy generated over $5 million in sales.CEO of ScripsAmerica, Bob Schneiderman, commented, "We are pleased that our specialty pharmacy continues to report tremendous revenues and is maintaining an annual run rate o
TYSONS CORNER, VA — (Marketwired) — 12/01/14 — (OTCBB: SCRC), today announced that it has exercised an option to acquire 90% of PIMD International, LLC, ("PIMD"), a Florida-based pharmaceutical wholesaler that the Company has had a working relationship with since the fourth quarter of 2013.In October 2013, ScripsAmerica initially entered a purchase agreement to acquire 90% of the membership units in PIMD, subject to certain conditions including PIMD–s ability to obtain the necessa
TYSONS CORNER, VA — (Marketwired) — 11/19/14 — (OTCBB: SCRC), today commented on the Company–s recent 10-Q filing for the third quarter ended September 30, 2014.ScripsAmerica reported $12,817,000 in Net Revenue during the three months ended September 30, 2014 compared to $73,000 reported during the same period in 2013, marking an increase of $12,744,000 in quarterly revenue YoY as reported on Page 31 of the Company–s latest 10-Q filing. The Company–s Net Revenue from operations during th
Company Completes Acquisition of Its Managed Specialty Pharmacy
TYSONS CORNER, VA — (Marketwired) — 11/04/14 — (OTCBB: SCRC) today announced that the Company–s managed specialty pharmacy reported $5,619,052 in approved orders during the month of October 2014, representing growth of 3% over the previous month and increasing its annual run rate to $67.4 million."The Company is pleased to report that approved prescription orders for Scrips– managed pharmacy continued to increase during October, representing the seventh consecutive month of growth fro
TYSONS CORNER, VA — (Marketwired) — 10/28/14 — (OTCBB: SCRC) today announced that the Company will present at the SeeThruEquity Microcap Investor Conference to be held on Wednesday, November 12th at the Convene Midtown East in New York City.ScripsAmerica–s team will provide a full overview of the Company–s business, highlighting consistent growth from its managed specialty pharmacy. Management will be available to meet with members of the investment community during one-on-one sessions bei
TYSONS CORNER, VA — (Marketwired) — 10/06/14 — (OTCBB: SCRC) today announced that the Company–s managed specialty pharmacy reported $5,457,137 in approved orders during the month of September 2014. The pharmacy–s September revenue represented a 12% increase over the previous month and increased its annual run rate to over $65 million."Since Scrips began managing Main Avenue Pharmacy six months ago, its sales revenue generated by filling the Company–s prescriptions has steadily increa
TYSONS CORNER, VA — (Marketwired) — 09/16/14 — today announced that the Company has entered into a prescription sourcing agreement with Ohio-based Jungle Jim–s International Market, which has pharmacy licenses in several states.The Company will obtain prescriptions to be filled by "Jungle Jim–s" within its areas of drug delivery licensure and receive a percentage of the revenue generated by each prescription upon its reimbursement by insurance providers. With this agreement, Scr
