MIAMI, FL – April 23, 2020 – Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, is very excited to announce the live launch of the Company’s new ecommerce portal, which includes online access to prescriptions, essential goods, personal protection equipment, guidance on COVID-19 prevention and care, information about custom compounding, and access to services for patients, payors, and providers. Please visit PharmcoRX.com to take advantage of this comprehensive online pharmacy solution today.
The site already includes same-day delivery on orders for important coronavirus prevention gear, such as masks, hand sanitizer, and protective gloves.
“The coronavirus pandemic has forced an evolutionary transition in the nature of commerce for many market participants,” commented S. Parikh Mars, CEO of Progressive Care. “Our new ecommerce portal connects us to our customers on a contactless, 24/7 basis, which is well-suited to the current context, and will likely continue to be a major value proposition for our shareholders indefinitely into the future. The site launched without a hitch, and we have already booked sales successfully. Site traffic has handily exceeded our expectations since we went live.”
Management notes that the PharmcoRX ecommerce portal is the latest element in the Company’s market-leading response to the COVID-19 outbreak as a pharmacy solutions provider. Progressive Care has been at the cutting edge in meeting patient needs during the coronavirus response, offering reliable same-day contactless home delivery of prescription medications throughout the continuing emergency. The Company’s new ecommerce portal extends that positioning.
The Company believes it has a distinct market advantage in this context because it has an established delivery infrastructure – already in place as an artifact of its longstanding prescription delivery service – which is now being mobilized for delivery of over-the-counter goods available on its ecommerce site on a same-day basis throughout its regional distribution footprint. This market advantage is being pursued through widespread digital marketing efforts. Management believes this strategy is having a clear impact, as evidenced by an accelerating trend of patient services capture from competing pharmacies to Progressive Care over recent weeks.
“This is just the beginning of our invested pursuit of a dominant position in the online pharmacy services marketplace,” continued Mars. “We are making aggressive strides. We can see that strategy is working. And that only encourages us to pick up the pace. The next step is to dramatically widen our product offering. We are very excited about the rapid pace of progress we have seen with our ecommerce strategy. And we look forward to providing further updates as we meet future milestones in this direction.”
For more information about Progressive Care, please visit the company’s website.
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
Five Star RX
https://www.fivestarrx.com/
https://www.facebook.com/fivestarrx/
About Progressive Care Inc.
Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a Florida health services organization
and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy
services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of
prescription medications to long-term care facilities, 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.
Investor Relations Contact:
Armen Karapetyan, Progressive Care
Senior Advisor Business Development
Armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com
Public Relations Contact:
Caitlin Franscell, CMW Media
caitlin@cmwmedia.com
www.cmwmedia.com
Web and Application Development Contact:
Marcello Jaspan, Mass Ventures Corp
Marcello@massventurescorp.com
www.massventurescorp.com
Copyright 2022 © Progressive care inc.
Forward-looking Statements – This website contains forward-looking statements about our business. These forward-looking statements do not relate strictly to historical or current facts. Forward-looking statements involve risks and uncertainties and include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies and opportunity, anticipated trends in our market and our anticipated needs for working capital. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “anticipate,” “estimate,” “plans,” “potential,” “projects,” “continuing,” “ongoing,” “expects,” “management believes,” “we believe,” “we intend” or the negative of these words or other variations on these words or comparable terminology. You should not put undue reliance on these forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those reflected in such statements including: risks associated with current and potential future healthcare reforms; risks relating to technology failures or breaches; aspects of our business which are outside, risks relating to management and key personnel changes including attracting and retaining key personnel; failure to comply with legal and regulatory requirements; risks relating to access to capital and credit markets; risks related to indebtedness; exposure to claims and liabilities; changes in industry pricing benchmarks; and other risks and uncertainties that are described in the Risk Factors section of our recently filed Form 10-12G, including the presentation of financial statements and notes thereto, and other reports we have filed with the U.S. Securities and Exchange Commission. These reports are available at www.sec.gov or by calling our Investor Relations department at (888) 919-7411 ext. 221. Forward-looking statements speak only as of the date they are posted to this website, unless an earlier date is indicated, and we do not undertake any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Non-GAAP FinancialMeasures–This presentationincludes certain “non-GAAP financial measures” as defined in Regulation G under the Securities Exchange Act of 1934. Schedules are attached that reconcile the non-GAAP financial measures included in this presentation to the most directly comparable financial measures calculatedand presentedin accordancewith Generally Accepted Accounting Principles in the United States. You should carefully read Progressive Care’s periodic and currentfilings on the OTCQB website for definitions and further explanation and disclosure regarding our use of non-GAAP financial measures and such filings should be read in conjunction with this presentation.
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