EX-99.1 4 rtin8kex991031902.txt PRESS RELEASE BY RTIN HOLDINGS, INC. RTIN Holdings, Inc. Announces License Agreement with RxSystems, Inc. Longview, TX -- March 21, 2002 RTIN Holdings (NASD OTC BB: RTNH), announced today that RTIN Holdings Inc. collectively with its' subsidiaries, "SafeMed Systems Inc.(TM)" and "Safescript Pharmacies Inc.(TM)", entered into a License Agreement with RxSystems Inc. a Nevada Corporation for the purchase price of $5 Million Dollars to open and operate "Safescript Pharmacies Inc." utilizing the "SafeMed Systems Inc.(TM)" technology in their west coast markets. In this agreement RTIN Holdings Inc. will receive $500,000.00 in cash and $4.5 million of RxSystems Inc. convertible preferred stock along with $20,000.00 for each new pharmacy opening and a 4% royalty on gross revenue. For a more in depth look at the markets in which the company is expanding and or selling licenses go to www.rtinholdings.com/cmsa.htm ----------------------------- Curtis A. Swanson, President & Chief Operating Officer of RTIN Holdings stated, "This transaction is the first of three planned synergistic partnerships designed to keep RTIN's Safescript Pharmacies, "the first to market", in all their geographical market places. Licensee agreements allow the company to rapidly rollout in multiple markets simultaneously and capture a revenue stream that otherwise could be lost to outside competition. Other benefits of this market strategy include the non-dilutive generation of capital, and a significant equity stake in the like company, which will create additional value for our shareholders. This license agreement is part of our strategy to meet or exceed the original projections of the business plan, as well as facilitate an efficient national expansion over the shortest time period." David Parker, CEO of RxSystems Inc. stated," We are extremely excited to have secured our License Agreement with RTIN Holdings Inc. The opportunity to exploit a single variable proven business model in major markets is indeed extraordinary. We were fortunate to obtain markets geographically concentrated on the west coast with a population density exceeding 38 million people. Ultimately a market of this size should yield upwards of 150 pharmacies. Therefore it is our plan to rollout immediately and aggressively to establish the Safescript Pharmacies brand up and down the west coast from Seattle to San Diego." David Lee, President of Safe Med Systems, Inc. stated "This is a tremendous opportunity for us to expand the Safe Med Systems database and doctor pool. In addition to programs we are negotiating with other pharmaceutical companies, this transaction allows us to expand the Safe Med Systems technology more rapidly and gain market share for this exciting system." SafeMed Systems, Inc.(TM)is a medical communications/technology company that provides state-of-the-art, hand-held prescription units loaded with patent-pending software and secure, broadband wireless technology. SafeScript Pharmacies Inc.(TM)is the preferred retail pharmacy provider that specializes in filling prescriptions generated by the SafeMed Systems technology. Because pain management specialists and their patients have been under-served by the pharmacy industry and annual expenditures for pain management is approaching $100 billion in the U.S. (and is expected to grow), the companies are initially targeting physicians who frequently treat chronic pain. For additional information on both SafeMed Systems Inc.(TM)and Safescript Pharmacies Inc.(TM)see our web site at www.rtinholdings.com -------------------- RTIN Holdings, Inc., is a public holding company whose stock trades on the fully reporting NASD OTC BB. Contact: Thomas M. Aigner / Director of Investor Relations tomaigner@rtinholdings.com or by telephone at 817-788-9716. -------------------------- -------------------------------------------------------------------------------- Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. The most important factors that may cause actual results to differ from expectations are the speed with which the Company is able to install the MedEx/Pegasus business system into the Safe Med and Safe Script business system, the speed with which the Company is able to open pharmacy locations, the ability of the Company to obtain acceptance of the ZipScript by doctors and patients, the availability of the necessary capital for start-up costs and the risk of competitive technology innovations. Other risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission. Such forward-looking Statements involve risks, uncertainties and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ. -------------------------------------------------------------------------------- AREA NAME POPULATION --------- ---------- Los Angeles--Riverside--Orange County, CA CMSA 16,373,645 * San Francisco 7,039,362 * Fort Lauderdale 1,500,000 Seattle, Tacoma, Bremerton, WA, CMSA 3,554,760 * Minneapolis--St. Paul, MN--WI MSA 2,968,806 San Diego, CA MSA 2,813,833 * Denver--Boulder--Greeley, CO CMSA 2,581,506 Portland--Salem, OR--WA CMSA 2,265,223 * Milwaukee--Racine, WI CMSA 1,689,572 Orlando,FL MSA 1,644,561 Columbus, OH MSA 1,540,157 Grand Rapids--Muskegon--Holland, MI MSA 1,088,514 Albuquerque, NM 712,738 Fresno,CA MSA 922,516 * Tucson, AZ MSA 843,746 Tulsa, OK MSA 803,235 El Paso, TX MSA 679,622 Bakersfield, CA MSA 661,645 * Toledo, OH MSA 618,203 Youngstown--Warren, OH MSA 594,746 Sarasota--Bradenton, FL MSA 589,959 Little Rock--North Little Rock, AR MSA 583,845 Stockton--Lodi, CA MSA 563,598 * Wichita, KS MSA 545,220 Colorado Springs, CO MSA 516,929 Daytona Beach, FL MSA 493,175 Lakeland--WinterHaven, FL MSA 483,924 Ft. Meyers - Cape Coral, FL 440,888 Augusta--Aiken, GA--SC MSA 477,441 Melbourne--Titusville--Palm Bay, FL MSA 476,230 Chattanooga, TN--GA MSA 465,161 Des Moines, IA MSA 456,022 Kalamazoo--Battle Creek, MI MSA 452,851 Lansing--East Lansing, MI MSA 447,728 Modesto, CA 446,997 * Boise City, ID MSA 432,345 Madison, WI MSA 426,526 Spokane, WA MSA 417,939 * Canton--Massillon, OH MSA 406,934 Saginaw--Bay City--Midland, MI MSA 403,070 Salinas, CA MSA 401,762 * Santa Barbara, Santa Maria, CA 399,347 * Shreveport--Bossier City, LA MSA 392,302 Beaumont--Port Arthur, TX MSA 385,090 Rockford, IL MSA 371,236 Provo--Orem,UT MSA 368,536 Visalia--Tulare--Porterville, CA MSA 368,021 * Davenport--Moline--Rock Island, IA--IL MSA 359,062 Appleton--Oshkosh--Neenah, WI MSA 358,365 Peoria--Pekin, IL MSA 347,387 Tallahassee, FL 284,539 Montgomery, AL MSA 333,055 Springfield, MO MSA 325,721 Eugene--Springfield, OR MSA 322,959 * Macon, GA MSA 322,549 Fort Pierce--Port St. Lucie, FL MSA 319,426 Huntington-Ashland, WV--KY--OH MSA 315,538 Killeen-Temple, TX MSA 312,952 Fayetteville--Springdale--Rogers, AR MSA 311,121 Evansville--Henderson, IN --KY MSA 296,195 Savannah, GA MSA 293,000 Columbus, GA--AL MSA 274,624 South Bend, IN MSA 265,559 Anchorage, AK MSA 260,283 * Ocala, FL MSA 258,916 Fort Collins--Loveland, CO MSA 251,494 Naples, FL MSA 251,377 Lincoln, NE MSA 250,291 San Luis Obispo--Atascadero--Paso Robles, CA MSA 246,681 * Duluth--Superior, MN--WI MSA 243,815 Lubbock, TX MSA 242,628 Odessa--Midland, TX MSA 237,132 Green Bay, WI MSA 226,778 Yakima, WA MSA 222,581 * Gainesville, FL MSA 217,955 Amarillo, TX MSA 217,858 Waco, TX MSA 213,517 Merced, CA MSA 210,554 * Longivew,--Marshall, TX MSA 208,780 Fort Smith, AR--OK MSA 207,290 Clarksville--Hopkinsville, TN--KY MSA 207,033 Chico--Paradise, CA MSA 203,171 * Springfield, IL MSA 201,437 Houma, LA MSA 194,477 Laredo, TX MSA 193,117 Richland--Kennewick--Pasco, WA MSA 191,822 * Cedar Rapids, IA MSA 191,701 Lafayette, IN MSA 182,821 Elkhart--Goshen,IN MSA 182,791 Medford--Ashland, OR MSA 191,269 * Mansfield, OH MSA 175,818 Tyler, TX MSA 174,706 Las Cruces, NM MSA 174,682 Fargo--Moorhead, ND--MN MSA 174,367 Siouz Falls, SD MSA 172,412 Fort Walton Beach, FL MSA 170,498 Panama City, FL 148,217 Stl Cloud, MN MSA 167,392 Bellingham, WA MSA 166,814 * Tuscaloosa, AL MSA 164,875 Redding< CA MSA 163,256 Benton Harbor, MI MSA 162,453 Yuma, AZ MSA 160,026 Jackson, MI MSA 158,422 Lima, OH MSA 155,084 Athens, GA MSA 153,444 Wheeling, WV--OH MSA 153,172 Janesville--Beloit, WI MSA 152,307 Eau Claire, WI MSA 148,337 Sante Fe, NM MSA 147,635 Decatur, AL MSA 145,867 Punta Gorda, FL MSA 141,627 Pueblo, CO MSA 141,472 Wichita Falls, TX MSA 140,518 Yuba City, CA MSA 139,149 * Dothan, AL MSA 137,916 Columbia, MO MSA 135,454 Steubenville--Weirton, OH --WV MSA 132,008 Texarkana, TX--Texarkans, AR MSA 129,749 Billings, MT MSA 129,352 Waterloo, Cedar Falls, IA MSA 128,012 La Crosse, WI --MN MSA 126,838 Alexandria, LA MSA 126,337 Wausau, WI MSA 125,834 Rochester, MN MSA 124,277 Sioux City, IA -- NE MSA 124,130 Flagstaff, AZ -- UT MSA 122,366 Albany, GA MSA 120,822 Bloomington, IN MSA 120,563 Muncie, IN MSA 118,769 Grand Junction, CO MSA 116,255 Auburn -Opelika, AL MSA 115,092 Lawton, OK MSA 114,996 Decatur, IL MSA 114,706 Sheboygan, WI MSA 112,646 Anniston, AL MSA 112,249 Iowa City, IA MSA 111,006 Sherman--Denison, TX MSA 110,595 Jackson, TN MSA 107,377 San Angelo, TX MSA 104,010 Gadsden, AL MSA 103,459 St. Joseph, MO MSA 102,490 Kokomo, IN MSA 101,541 Grand Forks, ND--MN MSA 97,478 Missoula, MT MSA 95,802 Bismarch, ND MSA 94,719 Owensboro, KY MSA 91,545 Dubuque, IA MSA 89,143 Rapid City, SD MSA 88,565 Pine Bluff, AR MSA 84,278 Jonesboro, AR MSA 82,148 Cheyenne, WY MSA 81,607 Great Falls, MT MSA 80,357 Corvallis, OR MSA 78,153 Pocatello, ID MSA 75,565 Casper, WY MSA 66,533