Stocks & Investing
Stocks and Investing
Stocks and Investing
Mon, July 13, 2009
Fri, July 10, 2009 Dynamic Response Group, Inc.: Dynamic Response Group Set to Launch Its Subsidiary "Medico Express"
MIAMI, FL--(Marketwire - July 10, 2009) - Dynamic Response Group (
"It has been a long time coming, but well worth the wait," says CEO Melissa K. Rice. "We believe that we can provide a necessary and more efficient method of servicing the millions of diabetic patients in the US, and more specifically the millions of Hispanic diabetics, which unfortunately is the fastest growing segment in the US."
Having been accredited by CHAP, Medico submitted its application to Medicare for the right to supply and bill for Medicare-eligible patients. Medicare conducted an on-sight inspection and shortly thereafter, advised Medico that its application would be approved and that it would be assigned a Medicare billing number, which Medico expects will occur during July.
In anticipation of the launch of its advertising campaign, Medico has completed production of several television spots and will begin airing within weeks of receiving its provider number. Shipping and billing software has been installed on Medico's IT system and it has set up an in-house call center. We have separated the IT environment to comply with HIPPA requirements. To maximize the scope of its market, Medico has been cleared to sell diabetic supplies into 44 states and applications have been submitted to obtain the necessary licenses in the remaining states and US territories where required. The Company intends to further expand its product line to add other home medical equipment and will apply for the appropriate licenses.
Medico has contracted with a major national supplier of home medical equipment and diabetic supplies to ship directly to Medico's customers from its warehouse, which will allow Medico to launch its business with virtually no investment in inventory or shipping personnel expense. Medico is also working with a mail order company to fill all of its patients' prescription needs.
About Dynamic
Dynamic Response Group, Inc. is a marketing company, developer and distributor of personal development, wellness and entertainment consumer goods and services through print catalogs, radio, direct mail, direct response television programming (also known as DRTV or infomercials) and the Internet. For more information about Dynamic Response, please contact the Company at 305-576-6889.
About Medico
Medico Express, Inc. is a Florida corporation and majority owned subsidiary of Dynamic Response Group, Inc. Medico Express will be a provider of direct-to-consumer Medicare reimbursed medical products focused on chronic diseases afflicting the Hispanic community in the United States, Puerto Rico and the Virgin Islands.
Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. The above information does not guarantee any successful closing of new business. No assurances can be given that any projections related to gross revenues or profit margins will be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
