Michael Busch
Pinehurst, NC (USA)
Role(s):
Founder/Owner/Principal
Keep Your Pharmacy Open, Inc.d/ba Rx Social Media
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Startup
Location:
Pinehurst
Industry:
Internet
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"S" Corporation
Description:
(URL removed) firm, Keep Your Pharmacy Open, Inc.(KYPO) is focused on providing a turn-key social media marketing program to the 23, 000 independently owned pharmacies. .
We initially raised $450,000 from drug distribution companies servicing these independents. These monies were used to build our back office to insure an automated service delivery system. We outsourced technology development to the best in the digital marketing arena.
In May 2012 the Company went live and is currently servicing 140 pharmacies. Our management has over 100 years of experience in the retail pharmacy industry and I founded Medicine Shoppe International Inc., a franchisor of over 1000 pharmacies. MSI was sold to Cardinal Health in 1995 in a transaction valued at $360mm.
KYPO seeks $300K in additional working capital financing to expand its marketing strategy. Pre-money valuation is $1.5mm. The Company has entered into a strategic marketing and technology relationship with Ateb, Inc., a major pharmacy technology company serving approximately 15,000 pharmacies. Ateb’s largest customer is Wal-Mart. Our objective is to achieve 2000 subscribers by mid-2014. This will open the door to revenue from pharmaceutical manufacturers and other vendors via advertising on all of the pharmacy Facebook pages. The Company has the exclusive endorsement from over 12 Buying Groups representing 9,000+ pharmacies.