TORONTO, ONTARIO -- (Marketwired) -- 11/17/15 -- NEXGENRX INC. (TSX VENTURE: NXG) ("NexgenRx" or the "Corporation") is pleased to announce its third quarter of 2015 results.
For the third quarter ended September 30, 2015 transaction and administration revenue was $1,188,545 generating gross profit of $938,519.
"Gross profit was $367,005 higher in the nine months period ending September 30, 2015 compared to the same period in 2014. Additional revenue in the nine months ending September 30, 2015 is $437,158. Third quarter revenue increased by 17%," stated Ron Loucks, President and CEO.
About NexgenRx
NexgenRx is a growing health benefits management company engaged in the design, management and administration of health benefit plans offered by employers and other plan sponsors for the benefit of their employees and plan members. More information on NexgenRx can be found at www.nexgenrx.com.
Caution Regarding Forward-Looking Statements - This news release contains certain forward looking statements, including statements regarding the business and anticipated financial performance of the Corporation. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release."
Contacts:
NexgenRx Inc.
Ronald C. Loucks
President and CEO
416.695.3393 x801
NexgenRx Inc.
Taba Merrikh
Director of Finance
416.695.3393 x803
