OPTIMIZERx Announces Accounting Change

OPTIMIZERx Announces Accounting Change 
ROCHESTER, MI -- (Marketwired) -- 02/05/14 --  OPTIMIZERx Corp
(OTCQB: OPRX) announced its accounting and audit firm has determined
a needed adjustment to the accounting policy so that the revenue
share expenses are properly accrued each quarter and at the end of
the year, versus when they are paid. The method of recording revenue
share payments previously aligned with our contractual terms with our
platform partners -- which generally required payment 30 days after
we received the fees from our sponsored manufacturers in the
following quarter. Therefore, for year-end 2012 and each quarter of
2013, there will be a journal entry needed to record the revenue
share amounts due on an accrual basis rather than recording these as
an expense when they are paid. 
This does not have any impact on the revenue of our company, as we
recently pre-released unaudited figures of $5.030 Million for 2013 --
which more than doubled from last year's $2,048,699 million. However,
this expense recognition only became material as our revenue, and
associated revenue share, accelerated quarter over quarter. Moving
forward, 2014 will continue to reflect the accrued expenses and will
have no further impact.  
"We're very pleased that our revenues continue to grow so strongly
and of course we want our financial reporting to reflect our business
with compete accuracy and transparency, which is why we are
proactively making this change. It does not in any way reflect
additional expenses, only the timing and policy for their accrual and
recognition of revenue share. We anticipate Optimizerx's sales and
net profitability will continue to grow as you've all come to expect
throughout 2014 and beyond," stated David Harrell, CEO of OptimizeRx
Corp. 
'SAFE HARBOR'  
This press release contains forward-looking statements within the
definition of Section 27A of the Securities Act of 1933, as amended
and such section 21E of the Securities Act of 1934, amended. These
forward-looking statements should not be used to make an investment
decision. The words 'estimate,' 'possible' and 'seeking' and similar
expressions identify forward-looking statements, which speak only as
to the date the statement was made. The company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether because of new information, future events, or
otherwise. Forward-looking statements are inherently subject to risks
and uncertainties, some of which cannot be predicted, or quantified.
Future events and actual results could differ materially from those
set forth in, contemplated by, or underlying the forward-looking
statements. The risks and uncertainties to which forward-looking
statements are subject include, but are not limited to, the effect of
government regulation, competition and other material risks.  
Investor Contact: 
Chris Schreiber
(917) 445-6207 
 
 
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