Credit Provider Converts Line of Credit Into 2,500,000 Shares of Common Stock

Assured Pharmacy, Inc. (OTC: APHY) (BULLETIN BOARD: APHY) . Assured Pharmacy, Inc. (f/k/a eRXSYS, Inc.) and Mosaic Capital ("Mosaic") entered into an Account Receivable Servicing Agreement and Line of Credit Agreement in February 2005 for the purpose of servicing Assured Pharmacy's accounts receivable. Assured Pharmacy is pleased to announce that Mosaic elected to convert the line of credit into equity and Assured Pharmacy's board of directors authorized the issuance of 2,500,000 shares of common stock to fully satisfy its obligations under these agreements.

"We are pleased with the growth put forward by Assured Pharmacy's management. It is with great pleasure that we have chosen to participate with Assured Pharmacy's growth," says John Sadowsky, Chairman of Mosaic. "We look forward to working even more closely with Assured Pharmacy in the future."

"The conversion of this debt into equity demonstrates a high level of confidence by Mosaic in the direction of our business," says Robert DelVecchio, CEO and CFO of Assured Pharmacy. "We are thankful for the support of Mosaic."

About Assured Pharmacy, Inc.

Assured Pharmacy is engaged in the business of operating pharmacies that specialize in dispensing highly regulated pain medication by utilizing technology that allows physicians to transmit prescriptions from a wireless hand-held device or desktop computer directly to its pharmacies, thus eliminating or reducing the need for paper prescriptions.

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. Some of the factors that may affect the forward looking statements in this news release are the availability of licensed personnel to operate pharmacies, the availability of suitable pharmacy locations, and the acceptance of new technologies by the medical profession. Other risk factors are listed in the most recent Annual Report on Form 10-KSB, Quarterly Report on Form 10-QSB, and most recent Registration Statement on Form SB-2 filed with the Securities and Exchange Commission. Such forward-looking statements involve risks, uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.

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