Pharma Holdings launches Med-Rx Supply division …

February 23, 2005 – Pharma Holdings announced today the successful launch of their new wholesale medical company called Med-Rx Supply.

Med-Rx Supply will operate as a first–level wholesaler and distributor of both prescription and non-prescription medications to the medical marketplace. According to Edward Klapp, President of Pharma Holdings, this new division would quickly become the most profitable sector of the company.

In the first contract Med-Rx received an order from Ultra Care Pharmacy to purchase $1 million in pharmaceutical medications per month for the remainder of 2005. In the second contract, Med-Rx received an order from Life Care Diabetic Supply to exclusively provide all of their diabetic supplies and medications. This deal is valued at more than $10 million annually. The most recent order was received today from Stone Medical Group to supply non-prescription consumables on a monthly basis. The annual contract is valued at more than $15 million.

Med-Rx Supply plans to hire a national sales force and develop on online presence as a premiere medical wholesale distributor in the United States and Canada. Once our online presence is established, prospective customers will be able to shop from our website and place orders electronically.

According to Mr. Klapp, the true benefit is that Med-Rx Supply offers savings ranging from 10% to 30% as compared to typical medical wholesale companies.