FRISCO, Texas, Sept. 16 /PRNewswire-FirstCall/ -- Assured Pharmacy (Pink Sheets:APHY.pk - News), a leading specialty pharmacy group providing prescription medications to more than 3,000 sufferers of chronic pain announced that total sales on a same store basis for the month of August 2010 were $1,423,819 which equates to $64,719 per business day. It represents an increase of 24.1 percent when compared with total sales of $1,147,398 for August 2009. This also represents an increase of 0.1 percent compared with total sales of $1,422,163 for July 2010 and a decrease of 4.4 percent compared with total sales per business day of $67,722 for July 2010.
Our total sales for the last three "summer" months combined (June – August) were $4,248,356 which represents a 10.8 percent increase over total sales of $3,832,962 for the previous three month period (March – May).
"We are very pleased to exit our historically slower summer months with much stronger sales than when we entered. We are also excited to announce that we achieved the 3,000 monthly patient milestone for the first time with a total of 3,030 patients serviced during the month of August," said Robert DelVecchio, Chief Executive Officer of Assured Pharmacy. "As these sales figures reflect, we remain on track for increased sales and market share growth, improved earnings at the store level and stronger cash flow."
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 Company offers physicians the ability to electronically transmit prescriptions to its pharmacies. The majority of the Company's business is derived from repeat business from its customers. "Walk-in" prescriptions from physicians are limited. The Company currently has four operating pharmacies. Three of those pharmacies are wholly owned and the Company has a 94.8% ownership interest in the other pharmacy.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to increase revenue and profits in the current economic climate; the effect of changing economic conditions; lack of sufficient financing for opening new pharmacies; inability to manage growth; and changes in government regulations, controls and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should," or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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