FRISCO, Texas, July 27, 2011 /PRNewswire/ — Assured Pharmacy,
Inc. (Other OTC: APHY.PK), a leading specialty pharmacy group
providing prescription medications to more than 3,000 sufferers of
chronic pain, announced that it has signed a lease in Kansas City,
Kansas for its fifth pharmacy location. Subject to regulatory
approval, the Kansas City pharmacy is anticipated to open during
the Fourth Quarter of 2011. It will join the Company’s
existing four pharmacies in Santa Ana and Riverside, California;
Kirkland, Washington; and Gresham, Oregon.
The Kansas City pharmacy will employ staff trained to work with
physicians’ offices in the surrounding region to ensure that the
prescription process for pain medications is handled in the ideal
manner. The hallmark service of our staff is to reduce
doctors’ exposure to liability triggered by fraudulent
prescriptions of schedule II and III medications, while at the same
time streamlining the prescription process.
Robert DelVecchio, CEO of Assured Pharmacy, said, “The opening
of our fifth pharmacy later this year in Kansas City will represent
a significant step forward in our natural growth as a company.
As we expand our chain to offer services to physicians in new
markets, we believe that the advantages of our business model will
become more clear. The challenges associated with pain
management can be found in every city and town in the country, and
ultimately we hope to open pharmacies to serve patients and doctors
in the top metropolitan regions across the country.”
About Assured Pharmacy, Inc.
Assured Pharmacy, Inc. is engaged in the business of operating
specialty pharmacies that primarily dispense highly regulated pain
medication. The Company derives its revenue primarily from
the sale of prescription drugs and does not keep in inventory
non-prescription drugs or health and beauty related products
inventoried at traditional pharmacies. The majority o