Los Angeles, Oct. 20, 2014 (GLOBE NEWSWIRE) -- BioCorRx, Inc. (BICX), a leader in addiction treatment, hosted its first shareholder conference call last Thursday, October 16, 2014. For investors who were unable to call in live, a full recording can be found by clicking here. During the call, the Company discussed operations through the end of the second quarter 2014 and outlook for the remainder of this year and 2015. Some highlights from the call include the following:
- the Company is cash flow positive;
- the Company eliminated approximately $1 million in convertible debt;
- nine clinics are now offering the Start Fresh Program across the United States;
- four more clinics are expected to open by the end of 2014 using the Start Fresh Program;
- the Company expects the number of clinics offering the Start Fresh Program to double during 2015; and
- approximately 175 patients have been treated year to date in 2014, with that number expected to grow exponentially as more clinics open.
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About BioCorRx, Inc.
BioCorRx, Inc. (OTCQB: BICX) is an addiction treatment and rehabilitation company on the leading edge of substance abuse addiction treatment. The company has developed a highly effective program called the Start Fresh ProgramTM consisting of two components used by various addiction clinics in the US. Clinic reports show that the treatment program has an extremely high success rate with individuals that complete the program. The first component of the program consists of an outpatient implant procedure performed by a licensed physician that delivers therapeutic levels of the drug Naltrexone, an opioid antagonist that significantly reduces physical cravings for alcohol and opioids, into the body. The second component of the program developed by BioCorRx, Inc. is a one on one coaching program specifically tailored for the treatment of alcoholism and other substance abuse addictions. For more information on BICX, visit www.BioCorRx.com
Safe Harbor Statement
The information in this release includes forward-looking statements. These forward-looking statements generally are identified by the words "believe," "project," "estimate," "become," "plan," "will," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof.
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