Attached files
| file | filename |
|---|---|
| 8-K - HealthWarehouse.com, Inc. | v202094_8k.htm |
| EX-3.1 - HealthWarehouse.com, Inc. | v202094_ex3-1.htm |
| EX-4.1 - HealthWarehouse.com, Inc. | v202094_ex4-1.htm |
| EX-4.3 - HealthWarehouse.com, Inc. | v202094_ex4-3.htm |
| EX-3.2 - HealthWarehouse.com, Inc. | v202094_ex3-2.htm |
| EX-4.2 - HealthWarehouse.com, Inc. | v202094_ex4-2.htm |
| EX-10.1 - HealthWarehouse.com, Inc. | v202094_ex10-1.htm |
| EX-10.3 - HealthWarehouse.com, Inc. | v202094_ex10-3.htm |
| EX-10.2 - HealthWarehouse.com, Inc. | v202094_ex10-2.htm |
EXHIBIT
99.1
HealthWarehouse.com
Places $3.3 Million in Preferred Stock and
$1
Million in Convertible Debt
Additional
Capital Will Be Used To Further Accelerate Growth
CINCINNATI,
November 10, 2010 —
HealthWarehouse.com,
Inc. (OTC Bulletin Board: HEWA), a leading VIPPS accredited retail
mail-order pharmacy, announced today that it has placed a total of $4.3 million
in equity and convertible debt with independent investors.
The
investment will be used primarily to expand the company’s online presence while
upgrading its technology infrastructure to keep pace with rising demand for its
FDA-approved generic prescription drugs, as well as pay for indebtedness,
expansion and working capital.
HealthWarehouse.com
delivers more than 4,500 FDA-approved prescription and over-the-counter
medications with free shipping to consumers in 49 states, often at lower prices
than traditional retailers and average insurance co-pays. Consumers on
maintenance medications for conditions such as asthma, diabetes, high blood
pressure and high cholesterol can obtain a 1 year supply of medications, if
prescribed by their doctor, eliminating the need for visits to the pharmacy and
inconvenient refills.
In 2009,
HealthWarehouse.com became one of only 24 pharmacies to receive VIPPS
accreditation (Verified Internet Pharmacy Practice Sites issued by the National Association of
Boards of Pharmacy). Since that time, the company has doubled its
customer base while receiving two consecutive Bizrate Circle of Excellence
Awards for exceptional customer service and satisfaction.
“As a
result of the new health care legislation, consumers across the nation are
increasingly taking control of their healthcare decisions, leading to a shift
away from insurance-centric healthcare to patient-directed healthcare, “said
Lloyd I. Miller III, an independent investor participating in this
transaction. “HealthWarehouse.com is at the right place at the right
time by selling prescription medications direct to the consumer, in a convenient
way, at a price lower than most insurance co-pays.”
Shipped from its 20,000 square
foot warehouse in Cincinnati, Ohio, HealthWarehouse.com delivers over 4,500
products to the consumer’s doorstep including:
100
Commerce Blvd • Cincinnati, OH 45140
Tel: (866) 885-0508 • Fax: (866) 821-3784 •
www.HealthWarehouse.com
EXHIBIT
99.1
|
·
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Generic and brand name
prescription medications such as Simvastatin (generic Zocor),
Fluoxetine (generic Prozac), Levothyroxine (generic Synthroid),
Anastrazole (generic Armidex), as well as brand names such as Lipitor,
Viagra, Lyrica, and Propecia.
|
|
·
|
Diabetic supplies
including test strips, blood glucose meters, insulin syringes and
pen needles from companies such as Bayer, Johnson & Johnson and
Abbott.
|
|
·
|
Over-The-Counter
medications to treat allergies, nasal congestion, fevers as well as
oral care, digestive health and hair care
products.
|
“The way
Americans have filled their prescriptions and purchase their medical supplies
has not changed in decades; we simply identified a direct path to the consumer
eliminating unnecessary layers of distribution in the supply chain which add
cost,” said Lalit Dhadphale, co-founder, President and CEO of
HealthWarehouse.com. “Most Americans have relied on their employers
to provide health insurance, but as employers struggle to contain their
healthcare costs, more of the burden is being passed to employees in the form of
expensive drug co-pays. As a result, consumers are taking increased control over
their well being and shifting to lower-cost alternatives for their healthcare
needs without compromising on quality or convenience.”
Kaufman
Bros, L.P. acted as the sole placement agent to HealthWarehouse.com, Inc. for
this transaction.
About
HealthWarehouse.com
HealthWarehouse.com,
Inc. (OTC Bulletin Board: HEWA) is a trusted, VIPPS accredited retail mail-order
pharmacy based in Cincinnati, Ohio. HealthWarehouse.com offers 300 prescription
drugs for $3.50 with 100% FREE shipping and is a 2009 & 2010 winner of the
Bizrate Circle of Excellence Award for outstanding customer satisfaction and
service. With a mission to provide affordable healthcare to every American by
eliminating inefficiencies in the drug distribution chain, HealthWarehouse.com
has become one of the fastest growing online pharmacies in the United States.
HealthWarehouse.com is licensed in 49 states and only sells drugs which are
FDA-approved and legal for sale in the United States. Visit
HealthWarehouse.com online at http://www.HealthWarehouse.com.
100
Commerce Blvd • Cincinnati, OH 45140
Tel: (866) 885-0508 • Fax: (866) 821-3784 •
www.HealthWarehouse.com