Progressive Care Beats All-Time Sales Record with 20,000
Prescriptions Filled
MIAMI, FL -- September 13, 2016 -- InvestorsHub NewsWire --
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 Companys
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.
Contact
Armen Karapetyan
Senior Advisor Business Development
armen@progressivecareus.com