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Medytox Solutions, Inc. Announces Results for the Three and Six Months Ended June 30, 2014

WEST PALM BEACH, FL--(Marketwired - August 18, 2014) - Medytox Solutions, Inc. (OTCQB: MMMS) announced today its financial results for the three-month period ended June 30, 2014 (the "2014 Quarter"), and the six-month period ended June 30, 2014 (the "2014 Period"). For the 2014 Quarter, the Company reported revenues of approximately $20.1 million, which represented an increase of approximately $12.2 million, or 142%, from the approximately $8.6 million in revenues reported for the same period of the prior year (the "2013 Quarter"). For the 2014 Period, the Company reported revenues of approximately $41.8 million, which represented an increase of approximately $25.2 million, or 152, from the approximately $16.6 million in revenues reported for the same period of the prior year (the "2013 Period"). For the 2014 Quarter, the Company reported income from operations of approximately $5.8 million, compared to income from operations of approximately $0.9 million for the 2013 Quarter. For the 2014 Period, the Company reported income from operations of approximately $12.7 million, as compared to income from operations of approximately $2.2 million for the 2013 Period.

"Our results for the three and nine months ended June 30, 2014 are due to our continued commitment to all our customers," stated William Forhan, the Company's Chief Executive Officer. "We also appreciate all our employees, who work hard to deliver excellent customer service."

The Company is a holding company that owns and operates businesses in the medical services sector. Our principal line of business is clinical laboratory blood and urine testing services, with a particular emphasis in the provision of urine drug toxicology and comprehensive pain medication monitoring programs to physicians, clinics and rehabilitation facilities in the United States.

                                                                            
                                                                            
                          MEDYTOX SOLUTIONS, INC.                           
               Condensed Consolidated Statements of Operations              
                                 (Unaudited)                                
                                                                            
                           For the Three Months        For the Six Months   
                                  Ended                      Ended          
                                 June 30,                   June 30,        
                            2014          2013         2014         2013    
                       ------------- ------------- ------------ ------------
Revenues               $ 20,784,426  $  8,602,577  $41,846,998  $16,626,336 
                                                                            
 Total operating                                                            
  expenses               14,986,134     7,675,800   29,184,625   14,442,103 
                                                                            
Income from operations    5,798,292       926,777   12,662,370    2,184,233 
                                                                            
 Total other income                                                         
  (expense)                (100,813)     (122,700)     (63,258)    (332,843)
                                                                            
Income before income                                                        
 taxes                    5,697,479       804,077   12,599,112    1,851,390 
                                                                            
Provision for income                                                        
 taxes                    2,198,000       120,800    4,796,100      514,900 
                       -----------------------------------------------------
                                                                            
Net income attributable                                                     
 to Medytox Solutions     3,499,479       683,277    7,803,012    1,336,490 
 Preferred stock                                                            
  dividends               1,510,542       244,365    2,424,105      483,106 
                       -----------------------------------------------------
                                                                            
Net income attributable                                                     
 to Medytox Solutions                                                       
 common shareholders   $  1,988,937  $    438,912  $ 5,378,907  $   853,384 
                       =====================================================
                                                                            
Net income per common                                                       
 share -                                                                    
 Basic                 $       0.07  $       0.01  $      0.18  $      0.03 
                       =====================================================
                                                                            
 Diluted               $       0.06  $       0.02  $      0.18  $      0.03 
                       =====================================================
                                                                            
Weighted average number                                                     
 of common shares                                                           
 outstanding during the                                                     
 period -                                                                   
 Basic                   30,247,265    29,572,076   30,145,723   29,567,814 
                       =====================================================
                                                                            
 Diluted                 30,669,487    29,955,309   30,482,862   29,931,047 
                       =====================================================
                                                                            
                                                                            

"Forward-looking" Statements

This press release may contain "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995, as amended. Any such statements are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and they involve a number of risks and uncertainties that could cause actual results to differ materially from those that may be anticipated by or from the forward-looking statements. Important factors that could cause such a difference are set forth in the Company's filings with the Securities and Exchange Commission and include, but are not limited to the ability to consummate acquisitions and the ability to integrate such acquisitions.

Contact: 
Sebastien Sainsbury
[email protected]
400 South Australian Avenue, 8th Floor
West Palm Beach, Florida 33401

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