TAMPA, Fla., Nov. 9, 2004 (PRIMEZONE) -- Rx Processing Corporation (Pink Sheets:RXPC), one of the nation's leading sources of low-cost prescription medications, announces that its Florida based operations saw a sharp increase in the 3rd Quarter of 2004 for American generics which is prompting the company to expand suppliers of its discount prescription medications. A Texas Based, Independent Pharmacy will fulfill orders for Rx Processing Corp as the company is expected to exceed distribution capacity for American generics in the near term.
Registered Pharmacist Timothy Hayes commented, "I welcome this opportunity to support Florida Residents and make prescription medications more affordable to the millions of Americans living in Florida without prescription Drug coverage. This large increase in business to our location will breed new life into our Independent Pharmacy as it provides us a method to compete in these changing times." (All Customers' prescriptions are filled with U.S. FDA Approved drugs from the Texas based independent pharmacy.)
According to Peter Fiorillo, CEO Rx Processing Corp., "By innovating the distribution processes for prescription drugs, Rx Processing Corp's niche industry is rapidly becoming mainstream for Millions of American Consumers looking to afford safe prescription medications. We are very pleased to be supporting and hiring Americans and preserving independent pharmacies in the age of globalization and large corporations."
Americans who have no prescription insurance coverage have turned to Rx Processing, which offers FDA approved American generic and low-cost Canadian brand name drugs. Rx Processing's state-of-the-art technology finds the best prescription drug prices for these customers by sending their prescriptions to licensed pharmacies to be filled. Rx Processing receives a transaction fee for all orders sent through the Company's technology infrastructure.
Rx Processing is rapidly becoming a market leader in providing prescription drugs to U.S. Citizens, corporations, unions, and prescription benefit plans through licensed pharmacies in the United States and Canada. The Company provides access to over 1,500 approved name brand and generic medications ready for distribution in the U.S. market. By utilizing Rx Processing, U.S. citizens can save up to 84% on their daily prescriptions. These reduced cost medications are available at the Company's affiliate retail storefronts and information about the company can be found at www.rxprocessingcorp.com.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the Company and factors that are subject to uncertainties, risk and other influences, which are outside the Company's control, and may yield results differing materially from those anticipated.