SHAREHOLDER ALERT

Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Medbox, Inc. of Class Action Lawsuit and Upcoming Deadline - MDBX

NEW YORK, NY--(Marketwired - Feb 27, 2015) - Pomerantz LLP announces that a class action lawsuit has been filed against Medbox, Inc. ("Medbox" or the "Company")(OTCBB: MDBX) and certain of its officers. The class action, filed in United States District Court, Central District of California, is on behalf of a class consisting of all persons or entities who purchased Medbox securities between November 20, 2013 and December 29, 2014, inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").

If you are a shareholder who purchased Medbox securities during the Class Period, you have until March 22, 2015 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [e-mail] or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

Medbox, Inc., through its subsidiaries, provides patented biometrically controlled medicine storage and dispensing systems to the medical and retail industries.

The Complaint alleges that during the Class Period, Defendants issued materially false and misleading statements regarding the Company's financial results for the fiscal year ended December 31, 2013 and each of the interim financial periods ended September 30, 2013, December 31, 2013, March 30, 2014, June 30, 2014 and September 30, 2014. Specifically, Defendants overstated Medbox's revenues by recognizing revenue on customer contracts before it had been earned. As a result of these false statements, Medbox's stock traded at artificially inflated prices during the Class Period, reaching an intraday Class Period high of $93.50 on January 8, 2014.

On or about April 10, 2014, Defendant P. Vincent Mehdizadeh resigned as COO and as a director of Medbox, but was appointed as "Senior Strategist and Founder" of Medbox. Thereafter, the price of Medbox stock declined dropping from a closing price of $17.52 per share on May 16, 2014 to close down at $16.11 per share on May 19, 2014, following the Friday, May 16, 2014 issuance of a report by the SEC warning of "possible scams involving marijuana-related investments" and quoting Elisha Frank, co-chair of the SEC Enforcement Division's Microcap Fraud Task Force as stating "[w]henever we see incomplete or misleading disclosures, we act quickly to protect investors."