International Merchant Advisors signs LOI to purchase minority interest in Assured Pharmacy

International Merchant Advisors, Inc. (Pink Sheets: IMAI.PK) www.imaiinc.com announced today that the company has signed a letter of intent  to purchase a minority interest in Assured Pharmacy, Inc. (Pink Sheets: APHY.PK) www.assuredpharmacyinc.com, a retail pharmaceutical operation that is focused on selling prescription medications in the chronic pain management medical sector. Assured Pharmacy has gross revenues in eight figures, and has experienced management and staff to accelerate the IMAI plan to open Wellness Centers in selected spots throughout the USA.  Corporate Strategies' CEO Tim Connolly is advising the companies on the transaction and is developing the structure of the proposed joint venture.

IMAI CEO Mel Roseman said, "Assuming both parties elect to move forward on our LOI, we will enter the healthcare services sector in a jointly owned project for opening Wellness Centers with Assured Pharmacy, with IMAI retaining 51% of the equity and operating control of the venture, and Assured owning 49% and bringing their expertise in the traditional chronic pain treatment modality. IMAI will bring the required capital and alternative, natural treatment medical and legal professionals to the venture. Medicare/Medicaid and healthcare reform from both the Obama Administration and Congress will continue to pressure traditional medical clinics, and we intend to bring not only lower cost, natural treatment methodology to communities with our MD supervised Wellness Centers, but we will introduce medical marijuana as a natural pain reliever in our Wellness Centers located in those states that allow its legal operation."

Assured Pharmacy CEO Robert Del Vecchio added, "The concept of Wellness Centers offering lower cost alternatives for both traditional therapeutic courses of treatment as well as natural, effective pain treatment products such as medical marijuana is intriguing to us, and we look forward to carefully researching the medical, legal, and practical issues related to opening these new Wellness Centers, and hope to complete our due diligence to pursue this venture with IMAI as quickly as possible."

SOURCE International Merchant Advisors, Inc.