Company Profile for Rx Processing Corp. Friday June 9, 10:40 am ET
--(BUSINESS WIRE)----Rx Processing Corporation (OTC:RXPC - News), a source of low-cost prescription medications and diagnostic laboratory tests for millions of Americans who are under-insured or have no prescription insurance coverage, is positioned to become a leader in providing prescription medications and preventive health laboratory tests to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States Citizens could benefit from the company's affordable prescription medication and laboratory testing programs. Company: Rx Processing Corp.
Headquarters Address: 3422 Old Capitol trail Suite 700 Wilmington, DE 19808
Key Executives: CEO: Peter Fiorillo Director of IR: Tim Gillesse
Investor Relations Contact: Tim Gillesse Phone: 800-576-7055 Email: IR*rxprocessingcorp.com
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Rx Processing Corp. on Track to Complete Direct Labs Services Inc. Acquisition
Update: 4:01 PM ET Feb 22, 2006
WILMINGTON, DE, Feb 22, 2006 (MARKET WIRE via COMTEX) -- Rx Processing Corporation (RXPC : rx processing corp com News , chart, profile, more Last: 0.11+0.07+175.00%
6:41pm 05/12/2006
RXPC0.11, +0.07, +175.0%) , a leading source of low-cost prescription medications for millions of Americans who are under-insured or have no prescription insurance coverage, will complete acquisition of Direct Lab Services Inc. in second quarter 2006. Rx Processing Corp. optioned in 2005 for the acquisition of Direct Laboratory Services Inc., a 17-year-old Louisiana company, a pioneer and innovator in the Direct Access Laboratory testing Industry. This strategic acquisition will help us provide U.S. citizens more personal control over their wellness testing needs including CBCs, PSAs, and a host of blood test panels. Direct Labs Services is a multi-million-dollar acquisition with limited competition, strength in its intellectual property, and an effective competitor in this market. Due diligence performed on Direct Labs Services Inc., verified all claims that warrant and support the 4 million dollar acquisition with a few welcomed surprises. Of note, a contract with the State of Louisiana Office of Group benefits (260+ thousand clients), the credentialing as a Health Savings Account (HSA) provider and enough cash in the bank to pay laboratory vendors 6 months in advance for client services ordered in 2006. Peter Fiorillo commented, "This acquisition broadens our ability to deliver value added laboratory service products and focus on helping to stabilize and support traditional domestic prescription medication supply lines. These added services will enhance support of independent pharmacies, sustain local markets through high margin residual ordering of laboratory products, and allow U.S. Citizens access to laboratory testing from their trusted health care provider." John Bell, founder of Direct Laboratory Services, stated, "My interest in selling solidifies the future of this company and the Direct Access Laboratory Testing industry. My continued support of Rx Processing Corp. as a shareholder and corporate officer, post acquisition, will further guide the principles at the helm, ensure our future success and provide needed health care benefits to our current and future clients." http://www.rxprocessingcorp.com About Rx Processing Rx Processing is positioned to become a market leader in providing prescription medications and preventive health laboratory tests to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States Citizens could benefit from the company's affordable prescription medication and laboratory testing 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 statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future 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. CONTACT: Rx Processing Corp. Peter Fiorillo (800) 576-7055 http://Rxprocessingcorp.com SOURCE: Rx Processing Corp. http://Rxprocessingcorp.com Copyright 2006 Market Wire, All rights
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Rx Processing Corporation 3422 Old Capitol Trail Suite 700 Wilmington, DE 19808 1-800-576-7055
Profile:
Rx Processing is positioned to become a market leader in providing prescription medications and preventive health laboratory tests to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States Citizens could benefit from the company's affordable prescription medication and laboratory testing programs.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Peter Told Me PR"s Are Stacked For After DLS Merger.
Just Talked To Peter. He Is Very Happy With The Way Things Are Going. I Asked About The Website Being On Time-July 4, And He Said Yes It"s On Time. Then I Said, No Point Of The Website Without The DSL Merger Going Through, And He Laughed and Said Your Good. Anyway He Trying Hard To Get A PR Out Now.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
The PR states that shareholders of record on June 12th will be entitled to the divi's.....if I get in on monday, does that count?
News sounds good overall.....why do u think it dropped 50% on Friday after a couple days of nice news?
Posts: 596 | From: New Jersey | Registered: Apr 2006
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quote:Originally posted by JerZeyDeViL: The PR states that shareholders of record on June 12th will be entitled to the divi's.....if I get in on monday, does that count?
News sounds good overall.....why do u think it dropped 50% on Friday after a couple days of nice news?
No...had to buy before the ex-dividend date which was the 8th. But might be the last chance to get cheap shares with all the things shakin' in the next couple weeks. Company's don't get much more transparent than this one. GLTY!
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Not sure how much it will move on Monday but I doubt you will be able to buy at .03 for very long
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
this could still drop some more.best wait and see it level out and start its upward trend iam i right about this? chart is not that great
Posts: 1510 | Registered: May 2006
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posted
Just remember it's a very hard fill because of the low float I had trouble buying last week so imagine how hard a fill it will be when the news comes out
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
This looks like a great play IMO...looking at the chart, it doesn't seem to drop below .03 very often this year, so if you could get in at this level I think it would be a good play. My main concern in deciding whether or not to try and jump in is the fact that looking at the chart, it seems that with a few exeptions, the volume tends to be extremely low most days and it may be hard to sell when I'm ready. With the float being so low and not much volume, I'm just a little scared of getting stuck holding the bag here. Gonna do a little more research tonight and decide what to do.
Posts: 596 | From: New Jersey | Registered: Apr 2006
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Peter called me back. Everything is fine and going well As always he would not give me a specific date. I asked LOL. He said he would not give out information until it was time for all the shareholders to be informed. Just keep an eye on BUSINESS WIRE. He sounded very, very opimistic. He also reminded me that this is not your typical Pink Sheet company that will put out PR's just to dump shares till there is so much dilution that it is worthless. RXPC has not increased it's share structure in the two (2) years it has been in business. As you know they have actually cancelled the O/S down to about 67 million. Float is about 13-15 million after the divvy is my guess. RXPC is trying to build the business the right way with the goal of moving to the NASDAQ (sc) and bring long term growth to the company and all shareholders. The prescription side of the business has been in place and once the DLS acquisition is completed the lab testing will also be owned by RXPC. That is all I can report at this time. I did ask specific questions but no comment till we can all be informed.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Spoke to Peter. He knows it is undervalued but the way he sounded he knows it won't change much til we get off the pinks. That's why I have changed my opinion that we will see this week. I think we should see some upward movement but the real fireworks won't come til the financials are out, probably 30-45 days. It's only time. Peter said he didn't want to put a price on the pps but that in 5 years he would love to see $20. I told him short term I would settle for .20.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by letitrideboy: aight I got in at .03
How long did the fill take? Great entry point!!!!!!
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by letitrideboy: took about 15 minutes *smile*
good deal. welcome aboard
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Thanks. I don't see it dropping below .03 so good job
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Just got off the phone and was told PR is being drafted and won't be out until next week. Not given an indication of what PR may contain
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Just talked to Peter!NOBO list up next week.He also stated that there is ALOT of stuff going on with company right now and said updates/news soon. NOBO list on new website too.(next week new list).Peter said shareholders have been asking questions and will update us asap on many fronts. Plus also stated they are always there to help us with any questions we have.Peter is a great CEO and will come thru for us all imo.Dont get it twisted,he is for us common shareholders and is a fantastic person in general.Im convinced Peter will make the right moves for us lil guys and get the RXPC ball rollin. Glad I got to talk to him.Always a pleasure,thanks!DF
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Issued and Outstanding still 65,568,630 as of 6/19/06 This time they wouldn't give me the Restricted
Divvy will be in accounts tomorrow
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
posted June 14, 2006 02:11 PM -------------------------------------------------------------------------------- Just got off the phone and was told PR is being drafted and won't be out until next week
That means PR is coming this week keep an eye out.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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GH talked to him earlier Things are being finalized. SHEEZE you guys would never make it as gardeners... things will ripen at their own pace. I'm in at .05 so I am not looking at green either, a matter of fact a WHOLE lot of red. Most people will buy into a scammy POS and not worry as much.... we got a great CEO who is up front and from all I have found out about him is as honest as he seems. Transparancy that is unheard of in pinky land reduced the OS and Just received a divi that they increased from 1% to 3.5% Come on! Business does not happen on a time table there are too many variables. Give the guy a break and let him get some work done. FWIW
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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