Rx Processing Corp. Announces Common Stock Share Retirement.WILMINGTON, Del. -- Rx Processing Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : RXPC) In compliment of returning to operational status, we are taking actions to further reduce the common share structure by an additional retirement of 15,000,000 shares. The Board of Directors are unified in their decision; it is critical to clients, shareholders and the company. This action will reduce, through a retirement, the total number of common shares available to 48,500,000 on or before July 1st, 2007. "This action reaffirms our commitment to our shareholders future," stated CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Peter Fiorillo. "The objective is to retire restricted common shares, continue upward migration, preserve our vision and remain dedicated to those we serve and support."
O/S: 61,633,577
Float: 23,244,502
Shareholders: 450
Rx Processing Corp. is an innovator in the distribution of pharmaceutical medications and laboratory diagnostics managed at storefront locations with a direct to consumer delivery business model for under and uninsured clients' health care needs. Our technology platform services the needs of U.S. citizens with our secure RxPC advocacy program, independent pharmacy An independent pharmacy is a retail pharmacy that is not directly affiliated with any chain pharmacy, such as CVS/pharmacy, Walgreens or Eckerd. However, owners of independent pharmacies will often form alliances with other independents and use their power in numbers to bargain for consultant program and ordering system for laboratory testing and prescription medications through licensed pharmacies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and CLIA-certified patient service centers. The company provides access to FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approved brand-name and generic medications, thousands of laboratory diagnostics with access to 4,000+ CLIA-certified patient service centers for specimen collection. Rx Processing Corp. estimates that more than 48 million United States citizens would benefit from these company programs. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: All statements other than statements of historical fact included in this press release are "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. ." The forward-looking statements, including those about the company's future expectations, revenues and earnings and all other forward-looking statements (i.e. 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. |
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