BEVERLY HILLS, CA -- (MARKET WIRE) -- 09/06/2005 -- Amexdrug Corporation (OTC BB: AXRX) announced today that it has settled the litigation filed against it in June 2003 in which the plaintiffs sought a finder's fee equal to 7.5% of the fully diluted shares of the Company and unspecified lost profits. Amexdrug paid $10,000 in exchange for a release of all claims and a dismissal of the plaintiffs' appeal. There is no longer any litigation pending against Amexdrug Corporation or its subsidiary, Allied Med, Inc., and all litigation settlement payments have been paid in full.
