Trxade Group, Inc. Reports Q2 Results

TAMPA, FL--(Marketwired - Jul 31, 2015) - Trxade Group, Inc. (OTCQB: TRXD), a web-based pharmaceutical company engaged in promoting and enabling trade among independent pharmacies and large pharmaceutical suppliers nationally, announced today its financial and operational results for second quarter of 2015.

Second quarter results reflect a solid 46% growth over first quarter transactional revenue for our supplier-to-pharmacy trading (S2P). Our Network continues to expand rapidly, adding 619 new pharmacies in second quarter. "We are pleased with the significant progress we made in the second quarter 2015. Launching new products, such as Bulk Upload, and crossing 4,100 registered pharmacies on our platform was a major milestone. We are encouraged by the early feedback received from these independent pharmacies on the Bulk Upload product. These services provide significant savings to our network pharmacies and this will continue to be the driving force for adoption of our services as our network continues to grow," said Suren Ajjarapu, Chief Executive Officer.

Mr. Ajjarapu continues, "We enter in to the third quarter of 2015 well positioned across our products from a marketing and improved online experience standpoint and are very excited about our private label distribution plans. We expect the impressive growth rate of our Network to continue, and that is the key to our success moving forward. Shareholders should remain focused on our execution of our business goals as we continue to drive shareholder value."

HIGHLIGHTS FOR THE THREE MONTHS ENDED JUNE 30^TH, 2015.

• Revenue for the three-month period ended June 30, 2015 and 2014 was $1,167,195 and $287,717, respectively.
• Gross profit from the three-month period ended June 30, 2015 and 2014 was $785,191 compared to $236,531, respectively. 
• The net operating loss for the three-month period ended June 30, 2015 and 2014 was $(54,356) and $(301,021), respectively. 
• Basic Loss per Common Share for the three-month period ended June 30, 2015 and 2014 was $0.00 and $(0.01), respectively.
  
  

OTHER Q2 2015 OPERATIONAL HIGHLIGHTS:

• New Look and feel of our platform and new apps launched -- Bulk Upload and RxGuru
• At June 30^th, 2015, over 4,100 Independent Pharmacies have been validated on our S2P (Supplier to Pharmacy) platform
• At June 30^th, 2015, over 2,000 Pharmacies are trading on our P2P (Pharmacy to Pharmacy) platform
• Vice President of operations Mr. Derek Bodart joined the company to supervise our warehouse operations