SOURCE: Progressive Care Inc

Progressive Care Inc

October 13, 2016 08:58 ET

Progressive Care Reports 45% Year-over-Year Sales Increase

MIAMI, FL--(Marketwired - October 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 strong September 2016 sales.

PharmCo exceeded all expectations for the month of September, filling over 19,000 prescriptions and attaining over $1.6 million in revenue. Prescriptions filled increased 10% over the same month last year which yielded a 45% increase in revenues. Demand for PharmCo's products and services continue to increase as new facilities and healthcare organizations reach out to the Company for support.

"We are exceeding all of our goals month after month," stated S. Parikh Mars, CEO. "The Company continues to lead the industry in the quality and breadth of services we provide, which has allowed us to become one of the most sought after healthcare services companies in South Florida."

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.

Common Shares Issued and Outstanding:

As of October 13, 2016 the number of shares of common stock issued and outstanding stood at 341,107,607 shares. This amount is net of the number of shares owned by PharmCo, LLC of 1,718,000.

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.