Recent News and Press Releases
HealthWarehouse.com to Present at the 2015 Marcum MicroCap Conference
(CINCINNATI, OH, May 26, 2015) -- HealthWarehouse.com, Inc. (HEWA), the only VIPPS accredited online and mail-order pharmacy licensed in all 50 states, announced today that it will present at the 2015 Marcum MicroCap Conference on Wednesday, May 27, 2015 in New York City at the Grand Hyatt Hotel.
The Company's presentation by Lalit Dhadphale, President & CEO, is scheduled to begin at 4:00 p.m. ET.
The annual Marcum MicroCap Conference is a showcase for public companies with less than $500 million in market capitalization. For more information or to register, please visit the conference website.
HealthWarehouse.com Renews Senior Secured Debt With Melrose Capital
(CINCINNATI, OH, March 18, 2015) -- HealthWarehouse.com, Inc. (HEWA), the only Verified Internet Pharmacy Practice Site (VIPPS) accredited online pharmacy licensed in all 50 states serving consumers who pay out of pocket for their prescriptions, today announced a renewal of the company’s Senior Secured Debt for up to 12 months.
"When we first became involved with HealthWarehouse.com, we saw the long term potential of the company. Despite many challenges over the past 24 months, the company has been able to trim costs, stabilize revenues and increase gross margins significantly. While challenges remain with the balance sheet, we believe management is moving the company in the right direction by focusing on profitability and its core business, the out-of-pocket cash prescription payer market," said Tim Reilly, Managing Member of Melrose Capital.
Terms of the renewal from Melrose Capital extend the debt six months to September 1, 2015 and conditional on a $350,000 capital raise the maturity date can be extended an additional six months to March 1, 2016.
"We are fortunate to have great partners like Melrose Capital involved in the company. The opportunity to service consumers who pay out of pocket for their prescriptions continues to grow. As the leader in this growing niche, we continue to stay focused on helping consumers save money by providing them with legitimacy, value and convenience," said Lalit Dhadphale, President & CEO of HealthWarehouse.com.