TYSONS CORNER, Va., April 1, 2015 (GLOBE NEWSWIRE) -- ScripsAmerica Inc. (OTCBB:SCRC), today announced the appointment of Austin Lewis to the Company's Board of Directors.
Mr. Lewis currently serves as the CEO, CFO and Chairman of the publicly traded company Paid Inc. (PAYD). Additionally, he serves as a member of the Board of Directors for MAM Software Group, Inc. (MAMS) as well as Viryanet (VRYAF). Since 2004, Mr. Lewis has also served as Chief Executive Officer of Lewis Asset Management Corporation, an investment management company that he founded, as well as the Portfolio and Chief Investment Officer of the company's Lewis Opportunity Fund.
"Austin Lewis has several years of experience serving at the highest levels of management for multiple public companies including CEO, CFO and a board member in addition to establishing his own successful investment management firm," stated Bob Schneiderman, CEO of ScripsAmerica. "Mr. Lewis' counsel, due to his financial and management experience as well as strong network of contacts, will add great value to ScripsAmerica's corporate strategy development and decision-making processes moving forward."
Prior to founding Lewis Asset Management, Austin Lewis held a variety of positions with investment firms including Puglisi & Co., Thompson Davis & Co., RBC Capital, Tucker Anthony and Branch Cabell & Company. He holds a Bachelor of Science in Finance and a Bachelor of Science in Financial Economics from James Madison University.
About ScripsAmerica, Inc.
ScripsAmerica, Inc. is a supplier of prescription, OTC and nutraceutical drugs, delivering pharmaceutical products to a wide range of end users across the health care industry. End users include retail pharmacies, hospitals, long-term care facilities and government and home care agencies. For more information, visit www.ScripsAmerica.com.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether a result of new information, future events or otherwise.