TAMPA, Fla., Aug. 23, 2004 (PRIMEZONE) -- Rx Processing Corporation (Pink Sheets:RXPC) one of the nation's leading sources of low-cost prescription medications, has signed a distribution agreement to provide Liberty Benefits Inc., an Indianapolis-based health benefits management company with more than 125,000 members, access to the Rx Processing's low cost mail-order prescriptions.
The agreement establishes Rx Processing Corporation as the new mail-order prescription-processing center for Liberty Benefits for the next three years. Rx Processing works with licensed pharmacies both domestically and internationally, to provide top quality name brand and generic drugs. The cost savings in filling prescriptions with either discounted U.S. or Canadian government-approved drugs can be up to 84 percent.
According to Liberty Benefits President Rick Redman, "Our mission has been to bridge the gap between rapidly rising health care costs, annual double-digit increases in insurance and prescription premiums, and the American worker. By joining forces with Rx Processing, we accomplish our goal-offering quality products for the lowest price."
"The phones are already ringing with calls from Liberty Benefits clients looking for a way to minimize their prescription drug expenses without sacrificing safety or quality," said Peter Fiorillo, President of Rx Processing. "We take pride in offering individuals a way in which they can afford both approved brand-name and generic prescription medications. That's a critical savings for the millions of Americans who lack prescription drug coverage. Why should Americans pay more for the exact same medications being sold for so much less just over the border?"
About Rx Processing Corporation
Rx Processing is in the business of providing U.S. citizens with access to low cost Canadian prescription pharmaceuticals. Current international pricing controls regulate the prices pharmaceutical companies can charge in their local market. The Company, using the safety measures of U.S. Government's Meds Act of 2000, provides U.S. citizens with access to these low cost prescription drugs. Utilizing Rx Processing, U.S. citizens can save 25%-84% on their daily prescriptions. These reduced cost medications are available at the Company's affiliate retail storefronts and through the website at www.mycanadadrugs.com.
More information on Liberty's prescription drug card is available at www.libertymailmeds.biz.
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.