TAMPA, Fla., Jan. 13, 2005 (PRIMEZONE) -- Rx Processing Corporation (Pink Sheets:RXPC), one of the nation's leading sources of affordable prescription medications, announces that since inception the Company has worked diligently to establish a worldwide prescription drug distribution chain. Rx Processing Corp. now has established partnerships and has the resources to provide its customers with safe and affordable drugs from the global providers with the lowest prices available.
New Zealand currently supplies Rx Processing Corp with safe prescription drugs. New Zealand is a democratic first world nation, which has been governed as an independent state since 1907. It is a member of the Commonwealth of Nations. Queen Elizabeth the II of the United Kingdom is the current Chief of State; however, the Prime Minister Helen Clark and the cabinet govern the country. New Zealand's currency is the New Zealand dollar (NZD), which is currently equal to approximately $.64 U.S. The official language is English and the primary religion is Christianity. The legal system is based on English law. New Zealand ranks in the top 20 on the United Nations' 2003 Human Development Index which rates countries based on their quality of life as well as economic figures. The country boast a 99% literacy rate and an excellent educational system with world class teaching being delivered through both public and private schooling channels.
Thanks to aggressive government negotiating, New Zealand can offer some of the same great prices that customers have been enjoying from Canada. New Zealand's Ministry of Health's Medsafe division is responsible for all regulatory review and approval for medications to be sold in the country. Their processes and procedures for pre-approval product dossier filing review and post-approval safety, adverse event reporting, and advertising regulation are very similar to those of the U.S. FDA and Canada. To learn more about the New Zealand Ministry of Health and the Medsafe division, go to www.medsafe.govt.nz. There you can also find a comprehensive listing of products available in New Zealand along with descriptions of brand name products, their appearance, strengths and formulations, etc.
New Zealand pharmacies are governed by the Pharmaceutical Society of New Zealand. The Pharmaceutical Society is the statutory registration body for all pharmacists. It is responsible for ensuring that pharmacists and pharmacies are registered. The Society is also responsible for promoting quality in the profession of pharmacy. As part of this role the Society provides advice to pharmacists on professional practice issues. The Society promotes and encourages proper conduct amongst pharmacists and has the powers to discipline pharmacists who willfully transgress the standards the profession upholds. The Society has developed a new Code of Ethics under which pharmacists are expected to operate. The Code is a contemporary document, which blends the obligatory requirements of a modern profession with the more aspirational elements that need to be pursued to maintain a forward-looking focus. For more information on this group please go to http://www.psnz.org.nz.
Peter Fiorillo, President of Rx Processing, comments, "Rx Processing Corps customers buy the same (manufactured in Ireland) 20 mg of Lipitor at a cost of $215.55 mailed from the New Zealand, that Americans buy in domestic retail pharmacies at an average cost of $313.45. This is just one in the handful of prescription drugs U.S. senior citizens take on a daily basis. These savings are critical for the millions of Americans that lack access to prescription drug coverage."
Rx Processing works with licensed pharmacies both domestically and internationally, to provide top-quality lower-cost name brand and generic drugs to consumers. A cost savings of up to 84% is realized by filling prescriptions with either discounted U.S. or foreign government-approved drugs.
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 worldwide. The Company provides access to over 1,500 approved name brand and generic medications ready for distribution in the U.S. market through its Company owned and operated storefront locations and over 130 affiliated storefronts. 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 http://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.