MIM Corporation Resolves Disputes With Value Options Of Texas, Inc.
10/19/2005 5:12:36 PM
ELMSFORD, N.Y.--(BUSINESS WIRE)--Feb. 1, 2005--MIM Corporation (NASDAQ:MIMS) (CBOE:OQX) (PCX:OQX), a pharmaceutical healthcare organization, today announced that it has reached a global settlement with Value Options of Texas, Inc., a former PBM customer. MIM will pay $1 million to Value Options to resolve all disputes between the two parties. Consequently, MIM will record an after tax charge of approximately $533,000 or $0.02 per share, which will be included in its fourth quarter and fiscal 2004 results.