SOURCE: Progressive Care Inc.

Progressive Care Inc.

January 08, 2016 09:24 ET

Progressive Care Inc. Upgrades to OTC Pink Current Information Tier

MIAMI, FL--(Marketwired - January 08, 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, the sale of anti-retroviral medications and related medication therapy management, the sale and rental of durable medical equipment and the supply of prescription medications to long term care facilities, announced that as of today the company will be listed as OTC Pink Current Information.

Upon review of the filings and approval from OTC Markets, Progressive Care has moved to the OTC Pink Current Information tier of listed companies which is the highest trading tier on the OTC Pink marketplace. Over the past year, the Company has been diligent with filing all disclosure documents and financial statements with OTC Markets in a timely manner. As a result the company will now trade without a yield sign for the first time since 2013. Achieving the highest tier in the OTC Pink marketplace will bring significant benefits to the Company and its shareholders by assuring the public that comprehensive information on the Company's operations and financials is readily available.

"Over the past month, our management team has worked steadily to ensure that all disclosure and document requirements of OTC Markets have been met. Becoming an OTC Pink Current company is a positive step forward for Progressive Care. By providing greater transparency and public confidence in the timeliness and accuracy of press releases, financial statements and disclosures, we believe that we will strengthen our shareholder base and build shareholder value," stated Shital Parikh Mars, CEO.

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, the sale of anti-retroviral medications and related medication therapy management, the sale and rental of durable medical equipment 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.