Rx Processing Corp. Announces Common Stock Share Retirement
Posted on: Tuesday, 20 February 2007, 09:01 CST
Rx Processing Corporation (OTC: RXPC) In compliment of returning to operational status, we are taking actions to further reduce the common share structure by an additional retirement of 15,000,000 shares.
The Board of Directors are unified in their decision; it is critical to clients, shareholders and the company. This action will reduce, through a retirement, the total number of common shares available to 48,500,000 on or before July 1st, 2007.
"This action reaffirms our commitment to our shareholders future," stated CEO Peter Fiorillo. "The objective is to retire restricted common shares, continue upward migration, preserve our vision and remain dedicated to those we serve and support."
O/S: 61,633,577 Float: 23,244,502 Shareholders: 450
Rx Processing Corp. is an innovator in the distribution of pharmaceutical medications and laboratory diagnostics managed at storefront locations with a direct to consumer delivery business model for under and uninsured clients' health care needs. Our technology platform services the needs of U.S. citizens with our secure RxPC advocacy program, independent pharmacy consultant program and ordering system for laboratory testing and prescription medications through licensed pharmacies in the United States and CLIA-certified patient service centers. The company provides access to FDA approved brand-name and generic medications, thousands of laboratory diagnostics with access to 4,000+ CLIA-certified patient service centers for specimen collection. Rx Processing Corp. estimates that more than 48 million United States citizens would benefit from these company programs.
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 those about the company's future expectations, revenues and earnings and all other forward-looking statements (i.e. 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.
Source: Business Wire
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