SAN FRANCISCO, CA, Dec 18, 2012 (MARKETWIRE via COMTEX) --
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
About Grass Roots Research and Distribution, Inc.
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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
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Cohen Independent Research Group, Inc.
Grass Roots Research and Distribution, Inc.
369B Third St. #254
San Rafael, CA 94901
Web: www.cohenresearch.com, www.grassrootsrd.com
SOURCE: MedEx Inc.