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Company Description

Contact Info

8439 West Sunset Boulevard

Suite 101

West Hollywood, CA 90069

United States

Phone: 800-762-1452

Fax:

Medbox, Inc., through its wholly-owned subsidiaries, develops, sells, and services automated, biometrically controlled dispensing and storage systems for medicine and merchandise. The company’s subsidiaries offer patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide. The company’s subsidiary, Prescription Vending Machines, Inc., doing business as Medicine Dispensing Systems (MDS), developed the Medbox patented biometric medicine dispensing machine designed to confirm patient identification through a biometric verification system prior to dispensing medicine to authorized patients. The Medbox also has an optional companion machine for dispensing refrigerated products. Medbox features patented systems that dispense herbal and prescription medications to individuals based on biometric identification, while the related patent covers both fingerprint and retinal scan identification, the Medbox uses fingerprint identification. This system allows pharmacies, assisted living facilities, prisons, hospitals, doctors’ offices, and alternative medicine clinics to help manage employee possession of sensitive drugs. The company provides systems and equipment to the final distribution point of consumer pharmaceuticals in addition to certain consulting services. MDS provides consulting services primarily to individuals and groups seeking to establish new clinics, in jurisdictions that have passed legislation concerning the availability of alternative medicines (primarily, medical marijuana). In April 2013, the company acquired Vaporfection International, Inc. (Vaporfection), which distributes a line of medical vaporizing products, including Vaporfection vaporizers. Vaporfection’s patented designs using Vapor Glass and Vapor Touch technology, featuring laboratory grade ‘glass on glass’ heating element, heating chamber airway, and touch screen temperature control provide a directed stream of heated air into the herb, which causes it to release its medicinal ingredient into the vapor. Vaporfection has two primary products, one of which is a handheld portable device called the miVape that is undergoing product improvements. Vaporfection’s product in production at present is the viVape 2 unit that is a tabletop unit and is a vaporizing system. New Products The company has developed the following new products, which would expand its product line beyond the Medbox and the Vaporfection vaporizers. Safe Access Storage Lockers: These systems could be used by medium to large mail-order chains, which is the company’s target market for this product, for the retrieval of retail goods by their customers. These storage lockers are placed in chain retail stores (supermarkets, mini-marts, etc.) and consumers are given the option of having their items shipped or picking their items up at a nearby location by inputting a pin-code at one of these storage systems. The company’s system could be accessed through the use of pin-code or fingerprint recognition. Lockbox Rx (also known as Lockbox Express): This system provides pharmacies, the company’s target market for this product, with a mechanism to allow their customers to pick up their medications 24 hours a day. This system consists of a series of lockers hooked up to a central kiosk. The Lockbox Rx could be used for any prescription medication, as well as over-the-counter medicines and other pharmacy products. Sample-Safe: The company’s target market for this wall-mounted unit is doctors’ offices, where samples of prescription medications that have been provided to the office by pharmaceutical companies are misappropriated by office staff. The company intends to market this product to pharmaceutical companies as a means to control inventory and communicate critical real-time data about restocking needs. It has developed the hardware for each of these products and is working to complete the software development. The company is developing the distribution channels for these new products. The Point-of-Sale System: The company sells the point-o

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