MIAMI, FL--(Marketwired - September 13, 2016) - Progressive Care Inc. (OTC PINK: RXMD), through its subsidiary Pharmco LLC, a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities, announces record setting month of August 2016.
PharmCo beats previous company sales and revenue records by over 10% during the month of August 2016. The Company filled well over 20,000 prescriptions during the month, an increase of 22% over the same month last year. Revenues on prescriptions filled also reached an all-time high for a single month at $1.75 million. This achievement is a 47% increase over August 2015. The Company is capitalizing on increased demand for its services from independent clinics, physician offices and long term care facilities.
Construction has also begun on the warehouse space. The company expects completion of the space by the end of October 2016 and the ScriptPro automation system to be installed the first week of November.
"This accomplishment is the culmination of the years of hard work and dedication to this company and its mission. The level of service we provide is second to none and we have received a strong response from the health care community in South Florida," stated S. Parikh Mars, CEO. "With this level of momentum, we will continue to exceed expectations and deliver stellar financial results."
About Progressive Care
Progressive Care, Inc. (OTC PINK: RXMD), through its subsidiary PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities.
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.