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Rx Processing Corp. on Track to Complete Direct Labs Services Inc. Acquisition

Rx Processing Corporation (OTC: RXPC), a leading source of low-cost prescription medications for millions of Americans who are under-insured or have no prescription insurance coverage, will complete acquisition of Direct Lab Services Inc. in second quarter 2006.

Rx Processing Corp. optioned in 2005 for the acquisition of Direct Laboratory Services Inc., a 17-year-old Louisiana company, a pioneer and innovator in the Direct Access Laboratory testing Industry. This strategic acquisition will help us provide U.S. citizens more personal control over their wellness testing needs including CBCs, PSAs, and a host of blood test panels. Direct Labs Services is a multi-million-dollar acquisition with limited competition, strength in its intellectual property, and an effective competitor in this market.

Due diligence performed on Direct Labs Services Inc., verified all claims that warrant and support the 4 million dollar acquisition with a few welcomed surprises. Of note, a contract with the State of Louisiana Office of Group benefits (260+ thousand clients), the credentialing as a Health Savings Account (HSA) provider and enough cash in the bank to pay laboratory vendors 6 months in advance for client services ordered in 2006.

Peter Fiorillo commented, "This acquisition broadens our ability to deliver value added laboratory service products and focus on helping to stabilize and support traditional domestic prescription medication supply lines. These added services will enhance support of independent pharmacies, sustain local markets through high margin residual ordering of laboratory products, and allow U.S. Citizens access to laboratory testing from their trusted health care provider."

John Bell, founder of Direct Laboratory Services, stated, "My interest in selling solidifies the future of this company and the Direct Access Laboratory Testing industry. My continued support of Rx Processing Corp. as a shareholder and corporate officer, post acquisition, will further guide the principles at the helm, ensure our future success and provide needed health care benefits to our current and future clients."

http://www.rxprocessingcorp.com

About Rx Processing

Rx Processing is positioned to become a market leader in providing prescription medications and preventive health laboratory tests to U.S. citizens, corporations, and members, through CLIA-certified patient service centers, for their lab testing and licensed pharmacies in the United States and around the world. The company provides access to approved brand-name and generic medications, and hundreds of lab tests with access to 4,000+ CLIA-certified patient service centers for their lab testing. Rx Processing Corp. estimates that more than 44 million United States Citizens could benefit from the company's affordable prescription medication and laboratory testing programs.

Safe Harbor Statement

All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the company's future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future 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.


Distributed by Market Wire

Tags: ,Medical and Healthcare:HealthandNutrition, MedicalandHealthcare:Healthcare, PharmaceuticalsandBiotech:Biotech, PharmaceuticalsandBiotech:Drugs, PharmaceuticalsandBiotech:EquipmentandSupplies, ,INTHPINK,DE,WILMINGTON, DE
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