Medbox, Inc. Acquires Prescription Vending Machines, Inc.

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  Published in Science and Technology on Thursday, December 15th 2011 at 14:11 GMT by Market Wire
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Medbox, Inc. Acquires Prescription Vending Machines, Inc. -- HOLLYWOOD, Calif., Dec. 15, 2011 /PRNewswire/ --

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HOLLYWOOD, Calif., Dec. 15, 2011 /PRNewswire/ -- Medbox, Inc. (Pink Sheets: [ MDBX ]) ([ www.medboxinc.com ]) announced today that they have acquired Prescription Vending Machines, Inc., and will operate the company as a wholly-owned subsidiary.  

Prescription Vending Machines, Inc.  was founded in 2008 and has generated revenues of over $6 million since 2010.  The company sells and services a patented biometric medicine dispensing system that can dispense a wide variety of medicine and is sold to traditional pharmacies, doctors' offices, hospitals, urgent care centers, and alternative medicine clinics.  The company has over 100 machines and/or point of sale systems installed and operational worldwide.

Prescription Vending Machines, Inc. agreed to be acquired by Medbox, Inc. to assist in expanding into new markets as well as promote better visibility among the investment community.

For more information on Medbox, Inc. please call the Investor Relations Department at (800) 766-1452 or go online to [ www.medboxinc.com ]

Medbox is a publicly traded company, with its stock listed on the OTC Board, ticker symbol MDBX.

About Medbox: 
Medbox is a leader in the development, sales and service of automated dispensing systems for medicines, and has offices throughout the world, including New York, Tokyo and the corporate headquarters in Los Angeles.

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

SOURCE Medbox, Inc.

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[ http://www.medboxinc.com ]