AmerisourceBergen Stocks Med Gen's Snorenz.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Med Gen Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MDGN), manufacturers of the national brands Snorenz(R), snore snore (snor) 1. rough, noisy breathing during sleep, due to vibration of the uvula and soft palate. 2. to produce such sounds during sleep. snore v. relief throat spray and Good Nights Sleep(R), sleep aid throat spray, announced today that AmerisourceBergen, national pharmaceutical distributors, will stock Snorenz(R). AmerisourceBergen is the largest pharmaceutical distributor in the USA. It has an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. volume of over $40 billion. AmerisourceBergen began operations in 2001 following the merger of Amerisource and Bergen Brunswig Corporation, two of the strongest players in the pharmaceutical industry. By stocking Snorenz(R), management believes that sales of the brand will be rapidly expanded as the thousands of smaller drug stores and chains can now order smaller quantities of Snorenz(R) from AmerisourceBergen's many distribution centers. As another indication of the success of Med Gen's sales plan, Bi-Mart, a 64 store chain of membership stores located in Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. , Washington and Minnesota added Snorenz(R) to its shelves. Bi-Mart is serviced by AmerisourceBergen. Mr. Paul Mitchell For other persons named Paul Mitchell, see Paul Mitchell (disambiguation). Paul Mitchell (born Cyril Thomson Mitchell on January 27, 1936 in Scotland) [1] , company President, discussed the importance of selling Med Gen's brands through distribution channels, such as AmerisourceBergen, as well as direct to the mass-merchants. "Almost all smaller chains and family owned drug stores buy through a distributor who stocks the products and allows the stores to order in smaller quantities. Missing this important link in the sales chain denies the brand the wide distribution necessary to support any substantial advertising campaign." Med Gen now distributes its products through these leading distributors: Cardinal Distributing, McKesson Drugs, Kinray and AmerisourceBergen. This Press Release contains or incorporates by reference "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes," "suggests," "anticipates," "plans," "expects," and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Med Gen operations that could differ materially from those indicated by such forward looking statements. Med Gen, Inc. is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the OTCBB exchange "MDGN." |
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