Renews and Increases Senior Secured Debt With Kapok Ventures Limited

New proceeds to support Company’s investment in pharmacy automation equipment

CINCINNATI--(), Inc. (OTC Pink: HEWA), the only Verified Internet Pharmacy Practice Site (VIPPS) accredited online pharmacy licensed and/or authorized to sell in all 50 states serving consumers who pay out of pocket for their prescriptions, announced today an increase and renewal of the Company’s senior secured debt facility.

“This is a giant step toward providing unmatched service to our current and future customers who pay out of pocket for their prescription medications.”

As part of the agreement, Kapok Ventures Limited (“Kapok”) agreed to increase the amount of the senior secured note from $1,000,000 to $2,000,000. The additional proceeds are to be exclusively utilized to fund the acquisition of pharmacy automation equipment. In addition, Kapok agreed to extend the maturity date of the note by one year to March 31, 2019.

“With the continued support of Kapok, we are excited to move forward with our pharmacy automation initiative, which we believe will improve our operating efficiencies and expand pharmacy capacity,” said Joseph Peters, interim President & CEO of “This is a giant step toward providing unmatched service to our current and future customers who pay out of pocket for their prescription medications.”

About, Inc. (OTC: HEWA) is an online pharmacy based in Florence, Kentucky, licensed and/or authorized to sell and deliver prescriptions in all 50 United States of America and the District of Columbia focusing on the out-of-pocket prescription drug market, a market that is expected to continue to grow. The Company sells directly to individual consumers who purchase prescription medications and OTC products over the Internet. is currently one of 55 Verified Internet Pharmacy Practice Websites (“VIPPS”) accredited by the National Association of Boards of Pharmacy (“NABP”). Visit online at

Forward-Looking Statements

This announcement may contain “forward looking statements” as defined in federal securities laws including but not limited to Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, which statements are based on our current expectations, estimates, forecasts and projections. Statements that are not historical facts, including statements about the beliefs, expectations and future plans and strategies of the Company, are forward-looking statements. Actual results may differ materially from those expressed in forward looking statements or in management's expectations. Important factors which could cause or contribute to actual results being materially and adversely different from those described or implied by forward looking statements include, among others, risks related to competition, management of growth, access to sufficient capital to fund our business and our 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, cyber-attacks, access to sufficient inventory, government regulation and taxation, payments and fraud.

Contacts, Inc.
Joseph Peters, 800-748-7001
Interim President & CEO

Recent Stories

RSS feed for, Inc., Inc.