Progressive Care Inc (RXMD)

[Rhew123]

MIAMI, FL--(Marketwired - September 15, 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 a new pharmacy license from Illinois.

On September 14, 2016, the state of Illinois issued a non-resident pharmacy license to PharmCo, LLC. This license allows the Company to dispense and ship traditional and compounded medications to residents of the state from the pharmacy in North Miami Beach. The Company currently is licensed to conduct business in eight other states: Connecticut, Georgia, Massachusetts, New Jersey, New York, Pennsylvania, Texas, and Florida.

"We have been diligently pursuing new state licenses. Illinois brings the total to nine states where PharmCo can dispense prescriptions," stated S. Parikh Mars, CEO. "We are excited by the pace of our expansion and we will waste no time in developing these new markets."

Common Shares Issued and Outstanding:

As of September 15, 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.