SOURCE: Progressive Care Inc.

Progressive Care Inc.

January 17, 2017 08:30 ET

Progressive Care: PharmCo Opens Resource Center in Century Village

MIAMI, FL--(Marketwired - January 17, 2017) - 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 a new Resource Center for the exclusive use for residents of Century Village of Pembroke Pines, FL.

Century Village are large, gated retirement communities in South Florida. Of the four communities, PharmCo, has opened a resource center in Century Village of Pembroke Pines. The Pembroke Pines community has an estimated 15,000 residents over the age of 55. PharmCo, with its exclusive kiosk located within the village, is entitled to participate in all resident events and the ability to market the brand on the property.

The Resource Center will provide residents of Century Village with access to information about their prescriptions and the ability to video conference with a technician or pharmacist in the PharmCo filling facility in North Miami Beach.

"The residents of Century Village have been asking for pharmacy services to be located on-site," stated S. Parikh Mars, CEO. "It was quickly determined that PharmCo was the only pharmacy capable of meeting the needs of the residents with our free-same day delivery, extensive medication inventory, and staff of highly trained pharmacy technicians and pharmacists. We are excited about the opportunity to work directly with the residents of this retirement community and their physicians to greatly improve the quality of their healthcare services."

Common Shares Issued and Outstanding:

As of January 17, 2016 the number of shares of common stock issued and outstanding stood at 344,607,607 shares. This amount is net of the number of shares owned by PharmCo, LLC of 1,718,000.

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.