Enjoy the trip. I'm leaving for the "poor house" and can only hope it is for a month.(:>) If my banker will advance me a loan, my VB and I will travel up to Bar Harbor, Maine for a some much needed R & R in a couple of weeks. With the daughter flying off to Beijing, China for three weeks, the banker might say no to the parents.(:>) Go figure! When I was her age, I thought a trip out of the county was an excursion to be remembered.
As for PLMD, it appears that they have dropped the ball again and let the competition pass them by with the internet approach to selling diabetic supplies and a whole host of other related products.
Tuesday May 25, 9:46 am Eastern Time
Company Press Release
Value America.com and MIM Corporation Announce New Marketing Alliance
MIM to be Exclusive Provider of Pharmaceutical Products for Value America Customers
CHARLOTTESVILLE, VA/ELMSFORD, NY--(BUSINESS WIRE)--May 25, 1999-- Value America (NASDAQ:VUSA - news), the leading online superstore and MIM Corporation (NASDAQ:MIMS - news), an independent pharmacy benefit management and prescription mail service company, today announced a new marketing alliance. Under the terms of the agreement, MIM will exclusively provide all prescription pharmaceuticals, diabetic supplies and certain home medical products. The partnership will also include most over the counter products, including vitamins and nutritional supplements and some health and beauty aides. Under this relationship, MIM's 2.7 million customers will be given special incentives to purchase Value America's broad array of products and services.
Value America will expand its existing product offerings by enabling consumers to purchase prescription drugs, over the counter products and health and beauty aides faster and more conveniently than at their local pharmacy or supermarket. In addition, using MIM's full service Cleveland fulfillment center, most orders can be shipped within 24 hours.
Value America's Chairman, Craig Winn said, ''MIM's sense of values, customer care and operational integrity are second to none in this industry. The pharmaceutical industry benefits from Value America's unique multimedia presentations, which allow drug manufacturers to effectively communicate both benefits and usage information for their products. This serves both consumers and manufacturers. In addition, Value America's unique ability to efficiently unite producers and consumers will make health care more affordable.''
''This strategic alliance with Value America adds a critical new dimension to MIM, as we expand and adapt our business model beyond our core pharmacy benefit management business and into the world of electronic commerce,'' said Richard H. Friedman, Chairman and Chief Executive Office of MIM Corporation.
Value America (ValueAmerica.com) based in Charlottesville, Virginia, is the Internet's leading online superstore. Through partnerships with manufacturers in more than 25 industries, Value America offers customers superior value on products from more than 1,500 of the world's most trusted brands. Through unique multi-media product demonstrations, customers are provided with thorough product information, allowing them to make informed and confident buying decisions. Supported by an exceptional customer care team, Value America offers the best of the online and offline worlds, and sets a new standard in e-commerce.
MIM Corporation is an independent pharmacy benefit management and prescription mail order organization that partners with managed care organizations and healthcare providers to control prescription drug costs. MIM provides its customers with innovative pharmacy benefit products and services utilizing clinically sound guidelines to ensure cost control and quality care. In addition, the Company also operates a prescription mail order fulfillment center, which works with affinity partners to provide quick, easy and cost effective pharmacy products, over the counter drugs and health and beauty aides to their consumers.
Forward-Looking Statements |
