MIAMI, FL – July 14, 2020 – Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, today announced that it has sold through over 90% of its COVID-19 Antibody testing kits. The Company has ordered additional kits and will be expanding testing to meet increasing needs.
The Company, as of July 13, 2020, has sold through over 90% of its COVID-19 Antibody test kits and has processed a re-order to meet increasing demand. Appointments at the Company’s Miami location have been fully booked as Florida marks record breaking testing and positivity rates. The Company is expanding antibody testing to offer services to Palm Beach County, Florida and launching on-site services to enable antibody testing services for employees at their employment sites. The Company has been working with several referral sources including local labs, healthcare professionals, employers/business owners, and local airline affiliates who see the need and benefit of rapid antibody testing to enhance health safety initiatives.
New testing requirements by employers and travel-related businesses are placing a heavier burden on communities to get tested and be tested more frequently. With high demand, patients are waiting in long lines and up to 10 days to get results for COVID-19 antigen tests. Antibody tests can help employers and health care professionals assess the incidence of exposure among their group. In addition, the Company is working to secure COVID-19 antigen test kits to enable diagnostic testing at its facilities.
“Progressive Care has always been at the forefront of closing gaps in healthcare,” said S. Mars, CEO. “Our testing capabilities are steadily increasing to meet the high and urgent needs of our communities and we will continue to seek out every available avenue to provide support during this pandemic and beyond.”
For more information about Progressive Care, please visit the company’s website.
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About Progressive Care Inc.
Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries a personalized healthcare services and
technology company which provides prescription pharmaceutical services, risk management and data
analytics to healthcare organizations and providers.
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:
Carlos Rangel
carlosr@pharmcorx.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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