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RTIN Holdings, Inc., incorporated in May 1990, is a
multi-concept holding company specializing in the pharmaceutical segment, and an
owner and operator of one full-service restaurant under the Street Talk Cafe
trade name in The Colony,
In December 2001, the Company acquired MedEx Systems, Inc. (MedEx) and Pegasus
Pharmacy, Inc. (Pegasus), two New Orleans-based corporations specializing in the
electronic transmission of prescriptions from physicians directly to a preferred
pharmacy provider. On March 8, 2002, as a result of various irreconcilable
circumstances between RTIN and management of the two subsidiaries, the Company
signed a settlement and separation agreement (the Separation Agreement) in which
ownership of MedEx and Pegasus was returned to the original owners, and the
Company received a perpetual, paid-up license to utilize, improve, resell and
distribute the technology within a protected territory in the United States,
consisting of 158 consolidated metropolitan statistical areas (CMSAs) in the
United States and all international rights. As a result of the Separation
Agreement, RTIN formed Safe Med and Safescript.
Pharmaceutical Segment
The Safescript division focuses on servicing the pain management sector of the
medical community. Its pharmacies do not promote any non-pharmaceutical sales
and focuses exclusively on the distribution of medications from scripts
generated by the Safe Med technology. The Safescript division opened one
Safescript Pharmacy in
On
The Safe Med division is focusing on duplicating and improving the technology it
acquired pursuant to the Separation Agreement. The primary objective is to
improve on the technology in a manner that will keep the product simple, while
adding additional features that the physicians desire. In addition to servicing
the Safescript division, Safe Med is also exploring additional vertical market
uses for the Safe Med technology products. Safe Med has entered into one beta
agreement with The Letco Companies, a pharmaceutical holding company of Decatur,
Alabama, for the purpose of testing whether the product can be utilized by
Safescript Pharmacy and a traditional pharmacy in the same market.
In December 2002, the Company, through its subsidiaries Safescript Pharmacies,
Inc. and SafeMed Systems, Inc., sold its territories in Iowa, Arkansas,
Oklahoma, Illinois, Kansas, Nebraska and Missouri to Mid-American Pharmacies,
Inc. The number of Safescript Pharmacies covered by this license agreement is 28
new units.
Restaurant Segment
The Company operates one full-service restaurant under the trade name Street
Talk Cafe in The Colony,
In February 2000, RTIN acquired the assets of Tanner's Original Rotisserie Grill
(Tanner's), an eight-unit restaurant chain located in
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and does not construe a recommendation and/or endorsement by IGHRM or its
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