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Press Release

Progressive Care Reports $1.7 Million in Revenues in July


Posted on: 23 Aug 17

MIAMI, Aug. 23, 2017 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTC PINK:RXMD), through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), prescription medications to long term care facilities, administration and practice management, utilization management, quality assurance, EHR Implementation, billing and coding, and health practice risk management, announces $1.7 million in net revenues for July 2017.

PharmCo filled over 18,000 prescriptions recognizing revenues of over $1.7 million, which represents over a 9% increase over the same month last year. The company celebrated PharmCo’s 10 year anniversary. PharmCo opened for business on July 11, 2007 and since then has undergone an immense transformation from its small business roots to the pharmacy and healthcare services company it is today. The Company has dispensed over 1 million prescriptions to tens of thousands of patients across South Florida during its 10 years in business.

“We know there is no time for rest, but we know we must make time to reflect,” stated S. Parikh Mars, CEO. “This business started from nothing over ten years ago and today employs over 60 employees, services over 12,000 active patients, and is a pillar of the community contributing to health awareness and wellness initiatives. This company is the embodiment of the American dream and we work tirelessly to ensure its success and prosperity.”

About Progressive Care

Progressive Care Inc. (OTC PINK:RXMD), through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), prescription medications to long term care facilities, administration and practice management, utilization management, quality assurance, EHR Implementation, billing and coding, and health practice risk management.

Cautionary Statement Regarding Forward Looking Statements

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target”, “intend” and “expect” and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. 

GlobeNewswire
globenewswire.com

Last updated on: 24/08/2017

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