Grass Roots Research and Distribution, Inc. Announces Investment Opinion on Medex, Inc. (MDXX)
18 Diciembre 2012 - 7:00AM
Marketwired
Grass Roots Research and Distribution, Inc. (www.grassrootsrd.com),
the Investor Awareness Industry's Research Firm of Choice,
announced today that it has initiated research coverage on Medex,
Inc. (PINKSHEETS: MDXX) a medical support and services Company. The
report was issued at a price of $0.10 with a target price of $0.53.
The Grass Roots report states that Medex, Inc. is focused on
providing Medicare-accredited repair and rental services for
wheelchairs and scooters. Medex plans to capitalize on the ageing
U.S. population through development of "Repair Centers" and
networking with medical equipment providers throughout the United
States, especially the Major Metropolitan Statistical Areas which
have a higher number of wheelchair users. With the growth in ageing
population, the demand for patient mobility products has
experienced a steep rise. As per the Medicare program, a power
wheelchair cannot be replaced prior to 5 years from purchase but
can be repaired as needed up to the original price of the chair.
This offers the Company an opportunity to cash in on the billion
dollar wheelchair and scooter industry. To sum it up, MDXX provides
an enticing investment opportunity.
About Grass Roots Research and Distribution, Inc.
(www.grassrootsrd.com) The Grass Roots Research and Cohen Research
brand names are the worldwide Gold Standard for micro cap/small cap
research. Grass Roots have raised the art of fundamental securities
research by forecasting the three statements and valuing all of its
companies in three cases over a 5 year time period. Grass Roots
distributes in-depth stock market research reports that highlight
the company's market opportunity, technology, management,
competition and other key differentiators that may affect their
short and long term valuation.
About Medex, Inc. MedEx, Inc. is a publicly traded, medical
acquisition company focused on consolidating medical supply,
medical technology and assisted living and care facility companies
worldwide. Our goal is to be the best medical supply and Equipment
Company providing products for people with disabilities, recovering
from surgery, in rehabilitation facilities, nursing homes, assisted
living centers and the elderly. MedEx is experiencing rapid growth
through the acquisition of medical supply companies, medical
technology companies, and assisted living and care facilities
worldwide.
Cautionary Information Regarding Forward-Looking Statements:
Included in this news release and other information that the
Company makes publicly available from time to time are
forward-looking management comments and other statements that
reflect management's current outlook for future periods. These
statements include, among others, statements regarding the
anticipated benefits from the development, production, or
acquisition of new projects as well as anticipated revenue from
other sources and which may be critical to the overall revenue and
profits of the Company.
These statements and expectations are based on currently
available competitive, financial and economic data along with the
Company's operating plans, and are subject to future events and
uncertainties that could cause anticipated events not to occur or
actual results to differ materially from historical or anticipated
results. Among the events or uncertainties which could adversely
affect future periods are: changes in legal contingencies, the
concentration of the Company's capital stock ownership etc. The
forward-looking statements in this news release should be read in
conjunction with the more detailed descriptions of the risk factors
located in the Company's Registration Statement filed with the
United States Securities and Exchange Commission. The Company
undertakes no obligation to update or revise any forward-looking
statements contained in this release as a result of new information
or future events or developments.
Disclaimer: This general purpose information, commercial
advertisement, is not intended for investment advice. Do not base
any investment decision on information herein. We do not endorse
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D. Paul Cohen President Cohen Independent Research Group, Inc.
Grass Roots Research and Distribution, Inc. 369B Third St. #254 San
Rafael, CA 94901 Tel: 415-454-6985 Fax: 415-455-0295 Email:
paul@cohenresearch.com Web: www.cohenresearch.com,
www.grassrootsrd.com
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