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Medbox Developing a Patent Pending Wall-Mounted Biometric Kiosk for Storage of Sensitive Medicine Samples and Supplies for Doctor's Offices.
Date:5/16/2012

HOLLYWOOD, Calif., May 16, 2012 /PRNewswire/ -- Medbox, Inc. (Pinksheets: MDBX) (www.medboxinc.com) announced today that the company is developing a new, highly secure, automated kiosk for the storage of medicine supplies within doctor's offices. The system, which uses biometric fingerprint recognition, safely stores medicines and only allows authorized individuals to obtain access. The system also provides a permanent record of each retrieval – archiving the name of the individual that obtained the medicine, the time of day, the name and quantity of the medicine, and a photograph of the event.

The Medbox Storage and Access System (SAS) was developed in response to the growing need for better and more secure storage of medicines and sensitive supplies in doctor's offices, clinics, hospitals, and pharmacies.

It is estimated that over $100 million worth of prescription medicine is stolen each year. Just last week, eleven people were charged with the theft of over $75 million worth of prescription medicines from an office in Connecticut.

The stolen medications, including Zyprexa (olanzapine), Cymbalta (duloxetine), Prozac (fluoxetine), and Gemzar (gemcitabine for injection), were recovered in a Florida warehouse. Authorities say the perpetrators would have escaped undetected if it weren't for a fingerprint left behind at the scene of the crime.

"For several years now, theft in the pharmaceutical sector has been on the rise, exacting a terrible cost on the industry and danger to the public," said US Attorney David Fein, in an article appearing in The New York Times.

This particular theft is notable because the drugs stolen by the thieves are not the usual targets, which are often addictive painkillers like Oxycodone or Fetanyl.  On the contrary, the drugs at the center of this theft consist of costly specialty items that treat chronic conditions such as cancer, arthritis, Crohn's disease, and autoimmune disorders, and pose a real danger, especially if they aren't properly stored, refrigerated, or handled before they are used by patients.

The Medbox System is the world's first secure method to safely store medicine, control access based on customized preferences (certain employees can obtain access to certain medications), and provide an unalterable permanent record of each time a medicine was accessed. This allows pharmacists and doctors to increase security without any hindrances, and lower risk of theft and potential liability.

About Medbox, Inc: 

Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox has offices throughout the world, including New York, Tokyo and Toronto, and has their corporate headquarters in Los Angeles.

Medbox provides their patented systems, software and consulting services to pharmacies, urgent care centers, clinics, hospitals, and medical groups worldwide.

Medbox, Inc. is a publicly traded company, and is listed on the OTC Board, ticker symbol MDBX.

For more information on Medbox, please contact the Medbox Investor Relations Department at (800) 762-1452 or go online to www.medboxinc.com.


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SOURCE Medbox, Inc.
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