Progressive Care Inc. Officially Moves to Newly Purchased Building
April 04 2019 - 8:47AM
InvestorsHub NewsWire
Progressive Care Inc. Officially Moves to Newly Purchased
Building
MIAMI, FL -- April 4, 2019 -- InvestorsHub NewsWire
-- Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care”
or the “Company”), a personalized healthcare services and
technology company, announced today that it will be moving into
their new facility located at 400 Ansin in Hallandale Beach, FL on
Friday April 5, 2019.
In October 2018, Progressive Care executed the Agreement to
purchase an 11,000 square foot property (the “Property”) in
Hallandale Beach, Florida for $1,800,000 USD. The light
distribution building has many of the necessary features including
parking, zoning, structural integrity, and modern equipment
necessary to accommodate the Company’s needs. The Company plans to
procure architectural plans and apply for the necessary permits to
begin restructuring the floor plan to be more conducive to an
industrialized pharmacy workflow.
“This move will eliminate one of our current auxiliary lease
payments, saving us $1,500,” said S. Parikh Mars, Chief Executive
Officer of Progressive Care Inc “Once the corporate office move is
complete, the company will begin architectural design and pulling
permits to begin construction on the ground floor pharmacy space.”
The new space will ultimately house PharmCo’s Miami operations and
accommodate long term growth and development.
“This move is a testament to the Company’s growth this year,”
said S. Parikh Mars. “We are about to embark on a new chapter of
our development. As owners of our own space, we cement our standing
in the South Florida community while also planning and preparing
for our future.”
The new facility will become the flagship facility which will
provide for retail, long term care, mail order pharmacy operations
as well as the corporate headquarters. This is coming at a time
when the current 5,000 sq. ft. North Miami Beach facility has
reached capacity and the Company has had to lease ancillary office
space to accommodate administrative and accounting
staff. Take a tour of the new space with
CEO, Shital Mars
For more information about Progressive Care, please visit the
Company’s website.
Connect and stay in touch with us on social media:
Progressive Care Inc.
https://www.facebook.com/ProgressiveCareUS/
https://twitter.com/ProgressCareUS
PharmCo, LLC
https://www.facebook.com/pharmcorx/
https://twitter.com/PharmCoRx
About Progressive Care Inc.
Progressive Care Inc. (OTCQB: RXMD), through its
PharmCo, LLC, is a South Florida health services organization and
provider of prescription pharmaceuticals, compounded medications,
provider of tele-pharmacy services, the sale of anti-retroviral
medications, medication therapy management (MTM), the supply of
prescription medications to long term care facilities, 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.
Investor Relations Contact:
Armen Karapetyan, Progressive Care
Senior Advisor Business Development
Armen@progressivecareus.com
www.progressivecareus.com
www.pharmcopharmacy.com
Public Relations Contact:
Kathleen Gonzales, CMW Media
Kathleen@cmwmedia.com
www.cmwmedia.com
Web and Application Development Contact:
Marcello Jaspan, Mass Ventures Corp
Marcello@massventurescorp.com
www.massventurescorp.com
Progressive Care (QB) (USOTC:RXMD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Progressive Care (QB) (USOTC:RXMD)
Historical Stock Chart
From Apr 2023 to Apr 2024