Progressive Care Submits
Application for OTCQB Listing
MIAMI, FL -- October 5, 2017 -- InvestorsHub
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, has submitted its application for OTCQB listing.
During the 3rd quarter of the year, Progressive Care worked to
meet the listing requirements of OTCQB which include a minimum bid
price of $0.01, not being in bankruptcy, being timely and current
with reporting standards, 2 independent board members, and a
majority independent audit committee. With the addition of Mr.
Jervis Hough and Mr. Oleg Firer as independent board members and
members of the audit committee, the Company met all of the initial
requirements to file an application with OTC Markets for a change
in listing tier to OTCQB. This application has been submitted to
OTC Markets for review.
"We are excited to get the uplist process started," stated S.
Parikh Mars, CEO. "We expect OTC Markets to review our application
quickly as we are prepared to comply with all document requests and
listing standards. We believe that the change in listing tier on
OTC Markets will help the company reach a wider audience and give
our shareholders increased confidence."
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