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"Revenues for the first 9 months of 2007 have already exceeded all of 2006by more than 20%, almost entirely based on same store sale growth. October'srevenues exceeded $1.5 million, which is 50% growth from just this past March,the first month we exceeded $1 million in revenues as a company," stated Mr.Robert DelVecchio, CEO of Assured Pharmacy. "The strength of our businessmodel is evidenced by our continued strong operational results. With alimited capital commitment, we are able to open stores with very attractivelong-term, sustainable revenue streams. Our customer base is extremely loyal,as we deliver the kind of white glove department store service that is a merememory in so many ways today. I am most proud of our exceptional employees,as their dedication and abilities have us poised for a bright future," Mr.DelVecchio concluded.
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For additional information regarding the third quarter results, theCompany's quarterly report is available on the SEC's website athttp://www.sec.gov.
About Assured Pharmacy
Assured Pharmacy provides customized services for patients with andphysicians treating chronic pain, including specialized expertise indispensing pain medication, including Class II substances, streamlinedprescription processes, digital prescribing technologies, and specialty drugcompounding services. APHY also offers a complete line of durable medicalequipment through its DME division. APHY currently operates retail sites inPortland, Oregon (three), Santa Ana and Riverside, California, and Kirkland,Washington, as well as having signed leases for locations in Las Vegas, Nevadaand Lomita, CA. More information about APHY is available athttp://www.assuredpharmacy.com.
Certain statements in this news release may constitute "forward-looking"statements within the meaning of section 21E of the Securities and ExchangeAct of 1934. The Company believes that its expectations, as expressed inthese statements are based on reasonable assumptions regarding the risks anduncertainties inherent in achieving those expectations. These statements arenot, however, guarantees of future performance and actual results may differmaterially. Some of the factors that may affect the forward lookingstatements in this news release are the availability of licensed personnel tooperate pharmacies, the availability of suitable pharmacy locations, and theacceptance of new technologies by the medical profession. Other risk factorsare listed in the most recent Annual Report on Form 10-KSB, Quarterly Reporton Form 10-QSB, and most recent Registration Statement on Form SB-2 filed withthe Securities and Exchange Commission. Such forward-looking statementsinvolve risks, uncertainties, which may cause the actual results, performance,or achievement expressed or implied to differ.Contact: John Tsemberides ROI Group LLC 212-495-0743 [email protected]
SOURCE Assured Pharmacy
