Assured Pharmacy Retains Empire Financial Group
17 Septembre 2007 - 5:23PM
PR Newswire (US)
Investment Banking Firm to Lead Financing Strategies to Fund Growth
IRVINE, Calif., Sept. 17 /PRNewswire-FirstCall/ -- Assured
Pharmacy, Inc. (OTC:APHY) (BULLETIN BOARD: APHY) today announced
that it has retained investment banking firm Empire Financial Group
(AMEX:EFH) to develop and lead financing strategies. Assured
Pharmacy, Inc. is a specialty pharmacy providing customized
services for patients with chronic pain and other long-term care
conditions. "Empire Financial Group is an ideal financial partner
for us. Rare amongst middle-market brokerage firms, Empire has
roughly 500 brokers in combination with deep institutional investor
relationships. Empire also provides us access to experienced
healthcare research analysts through their wholly-owned subsidiary,
Jesup Lamont. All of these factors taken together made engaging
Empire an easy decision," stated Robert DelVecchio, CEO of Assured
Pharmacy. "Our business continues to deliver strong monthly growth
and we believe the opportunity for additional Assured pharmacies is
very large. With Empire's strong financial resources, we are
well-positioned for growth," Mr. DelVecchio concluded. Mr. Ed
Cabrera, Co-Head of Capital Markets, Empire Financial Group said,
"We are very pleased to have the opportunity to work with Assured
Pharmacy. We believe their business model is largely proven and
that it represents a large growth opportunity. Emerging growth
companies is where much of our financing efforts are concentrated.
Assureds' financial model appears to be very strong, so providing
them with appropriate growth capital and other financial resources
over time is very attractive to us. We look forward to building a
long-term, mutually beneficial relationship with Assured and its
management team." About Empire Financial Group, Inc. Empire
Financial Group and its subsidiaries provide investment banking and
corporate financing services, as well as securities brokerage,
asset management, and market making services in the United States,
Europe and Asia. It provides brokerage services directly to retail
customers, and small- to mid-sized institutions. Empire Investment
Advisors provides investment advisory services to its customers,
independent registered investment advisors, and unaffiliated broker
dealers. Empire Financial Holding also offers ancillary services,
including market data and financial information, portfolio tracking
and records management, cash management services, and account
security. Based in Longwood, Florida, the company, founded in 2000,
has offices in NYC, NY and other locations throughout the U.S.
About Assured Pharmacy Assured Pharmacy provides customized
services for patients with and physicians treating chronic pain,
including specialized expertise in dispensing pain medication,
including DEA-classified Schedule II and III medications,
streamlined prescription processes, digital prescribing
technologies, and specialty drug compounding services. Assured
Pharmacy also offers a complete line of durable medical equipment
through its DME division. Assured Pharmacy currently operates six
retail pharmacies on the West Coast, with two in California (Santa
Ana and Riverside), one in Kirkland, Washington, and three in
Portland, Oregon. Assured has announced plans to open its first
pharmacy in Las Vegas, Nevada, and to expand its existing
California footprint with an additional pharmacy in Lomita,
California. More information about Assured Pharmacy is available at
http://www.assuredpharmacy.com/. Investor Contact: Andrew Brown ROI
Group LLC 212-495-0202 Certain statements in this news release may
constitute "forward-looking" statements within the meaning of
section21E of the Securities and Exchange Act of 1934. The Company
believes that its expectations, as expressed in these statements
are based on reasonable assumptions regarding the risks and
uncertainties inherent in achieving those expectations. These
statements are not, however, guarantees of future performance and
actual results may differ materially. Some of the factors that may
affect the forward looking statements in this news release are the
availability of licensed personnel to operate pharmacies, the
availability of suitable retail locations, and the acceptance of
new technologies by the medical profession. Other risk factors are
listed in the most recent Annual Report on Form 10-KSB, Quarterly
Report on Form 10-QSB, and most recent Registration Statement on
Form SB-2 filed with the Securities and Exchange Commission. Such
forward-looking statements involve risks and uncertainties, which
may cause the actual results, performance, or achievement expressed
or implied to differ. DATASOURCE: Assured Pharmacy, Inc. CONTACT:
Andrew Brown of ROI Group LLC, +1-212-495-0202, , for Assured
Pharmacy, Inc. Web site: http://www.assuredpharmacy.com/
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