Progressive Care Reports $1.5 Million Revenues on 17,000
Prescriptions in September
MIAMI, October 13, 2017 (GLOBE NEWSWIRE) -- Progressive Care
Inc. (OTC
PINK:RXMD), through its subsidiaries Smart Medical Alliance,
Inc. and PharmCo, LLC, is a South Florida health services
organization and provider of prescription pharmaceuticals,
compounded medications, the sale of anti-retroviral medications,
medication therapy management (MTM), the supply of prescription
medications to long term care facilities, administration and
practice management, utilization management, quality assurance, EHR
Implementation, billing and coding, and health practice risk
management, announces over $1.5 million in net revenues during
September 2017.
PharmCo, LLC filled over 17,000 prescriptions during the month
of September, generating over $1.5 million in net revenues. The
company did not sustain any damage during Hurricane Irma and the
Company's staff worked to reach as many people as possible to see
if they needed medication replacement or emergency supplies. Many
doctor's offices did not have power or internet services restored
for several days following the storm, resulting in fewer new
prescriptions for the month of September. Medical centers, doctors
and patients have expressed gratitude to PharmCo and its staff for
its dedicated effort in ensuring that patients in the South Florida
community had adequate access and supply of emergency
medication.
"Excellent customer service is the core of our business model."
stated S. Parikh Mars, CEO. "We made sure our drivers had full
tanks of gas and our employees had sufficient water reserves,
despite depleted supplies in the area, so that we could help our
patients immediately before and after the storm. The company will
continue to differentiate itself by always going to above and
beyond as we work diligently to ensure our customers' needs are
met, especially in the face of natural disasters."
About Progressive Care
Progressive Care Inc. (OTC
PINK:RXMD), through its subsidiaries Smart Medical Alliance,
Inc. and PharmCo, LLC, is a South Florida health services
organization and provider of prescription pharmaceuticals,
compounded medications, the sale of anti-retroviral medications,
medication therapy management (MTM), the supply of prescription
medications to long term care facilities, administration and
practice management, utilization management, quality assurance, EHR
Implementation, billing and coding, and health practice risk
management.
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.
Contact
Armen Karapetyan
Senior Advisor Business Development
armen@progressivecareus.com