HealthWarehouse.com Renews Senior Secured Debt With Melrose Capital

    (CINCINNATI, OH, March 18, 2015) -- HealthWarehouse.com, Inc. (OTCQB: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.


    A recent article by WCPO TV Reporter John Matarese showed HealthWarehouse.com having the lowest priced generic prescription medications when compared with other legitimate pharmacies. The following table highlights pricing on four medications mentioned in the comparison:



    generic medication drug price comparison



    A link to the video and full article can be found at: http://www.wcpo.com/money/consumer/dont-waste-your-money/who-has-the-lowest-generic-drug-prices


    About HealthWarehouse.com

    HealthWarehouse.com, Inc. (OTCQB:HEWA) is a trusted VIPPS accredited online pharmacy based in Florence, Kentucky. The company is focused on the growing out of pocket prescription market, which is expected to grow to $80 billion in 2015. With a mission to provide affordable healthcare to every American by focusing on technology that is revolutionizing prescription delivery, HealthWarehouse.com has become the largest VIPPS accredited online pharmacy in the United States.


    HealthWarehouse.com is licensed in all 50 states and only sells drugs that are FDA-approved and legal for sale in the United States. Visit HealthWarehouse.com online at http://www.HealthWarehouse.com.


    Forward-Looking Statements

    This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect HealthWarehouse.com's financial results is included in HealthWarehouse.com's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.


    Our Happy Customers

    • “Great Company and always very friendly and helpful. I am very satisfied with Healthwarehouse and will recommend them to anyone who needs medication. ”

      Jutta M.  Fayetteville , NC.

    • “I am glad to recommend Misti for her super and great customer service she was exceptional then many others”

      Shimshon E. 

    • “Had a little mix up on the prescription but in view of the price I won't complain. If the medicine is not counterfit the price is great. I would recommend you to everyone.”

      Larry B. 

    VIPPS Accredited & Certified

    HealthWarehouse.com is a VIPPS accredited pharmacy based in Florence, Kentucky. We're licensed and/or authorized to sell prescriptions in all 50 states and the District of Columbia and have become America’s Trusted Online Pharmacy since 2008. For more information about how we’re revolutionizing pharmacy, one prescription at a time, click here.

    VIPPS