Quantcast
Last updated on April 16, 2014 at 1:21 EDT

Vincent Mehdizadeh, Founder and CEO of Prescription Vending Machines, Inc., a subsidiary of Medbox, Inc., Featured on Smallcapvoice.com

June 13, 2012

HOLLYWOOD, Calif., June 13, 2012 /PRNewswire/ — Medbox, Inc. (Pinksheets: MDBX) (www.medboxinc.com) announced today that Vincent Mehdizadeh, the Founder and CEO of subsidiary company Prescription Vending Machines, Inc., was interviewed on smallcapvoice.com.

Mehdizadeh provided some history on the company and stated that he established Prescription Vending Machines in 2008, and brought the company’s first product to market in 2010 after a development and patenting process.

“We are a healthcare technology company that does consulting for the alternative medicine industry as well as the standard pharmaceutical industry, and offer technology to those industries to help them automate and create transparency and compliance so they can operate more efficiently and effectively,” Mehdizadeh said.

Stuart Smith of smallcapvoice.com commented that Medbox has done a great job in separating itself from any competition, as well as from other small cap stocks. “Your company is more established than other stocks (with) diversified revenue streams, first-to-market in areas with high barriers to entry.”

“We are the only company that offers both consulting and technology,” Mehdizadeh replied. “And we own the patent rights in the U.S. and Canada for our medicine dispensing systems.”

The company is currently developing new systems for use in pharmacies. While there are other companies that are trying to automate the industry, they are doing it differently than Medbox. “They are trying to cut the pharmacist out of the equation and dispense medicine out of doctor’s offices,” Mehdizadeh stated. “The pharmacy boards do not like that.”

The company recently developed the Medbox Rx – a pharmacy storage and retrieval system that does not take the pharmacist out of the process. “The pharmacist is still storing the filled prescription for retrieval later by the consumer,” Mehdizadeh stated. “Our system functions as a Pharmacist’s Assistant.”

Mehdizadeh was asked to comment about the future of the company. “We are on pace to well-exceed our 2012 goal, ” he stated. “We have the safest methods of operating in the industry and the future looks very bright.”

To hear the full interview, please visit:

http://smallcapvoice.com/blog/6-5-12-smallcapvoice-interview-with-medbox-inc-pink-sheets-mdbx/

About Medbox, Inc:

Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox has offices throughout the world, including New York, Tokyo and Toronto, and has their corporate headquarters in Los Angeles.

Medbox provides their patented systems, software and consulting services to pharmacies, urgent care centers, clinics, hospitals, and medical groups worldwide.

Medbox, Inc. is a publicly traded company, and is listed on the OTC Board, ticker symbol MDBX.

For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to www.medboxinc.com.

SOURCE Medbox, Inc.


Source: PR Newswire