SAN FRANCISCO, CA -- (Marketwire) -- 12/18/12 -- 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.
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D. Paul Cohen
Cohen Independent Research Group, Inc.
Grass Roots Research and Distribution, Inc.
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Web: www.cohenresearch.com, www.grassrootsrd.com
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