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Progressive Care, Inc. (RXMD)

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2016 Net Revenue: $18.32M
2017 Net Revenue: $20.1M
Uplisted to OTCQB on 12/5/2017
901 N Miami Beach Blvd, Suite 1-2
North Miami Beach, FL 33162

Phone: 305-919-7399

Progressive Care Inc. 

PharmCo, LLC 

11/28/2018 Progressive Care Signs Letter of Intent to Purchase Florida Based Pharmacy with $18 million in Annual Revenue

10/30/2018 Progressive Care Enters into Definitive Agreements to Purchase Property for Third Pharmacy Location in South Florida

7/2/2018 Progressive Care Completes Acquisition of Palm Beach County Pharmacy - Touchpoint Rx, LLC

                   Touchpoint RX Team                                                        PharmCo Pharmacy Team



MIAMI, March 22, 2018 — Progressive Care Inc. (OTCQB: RXMD), a healthcare services and technology company, announces 2017 annual results. 

The Company announced over $20 million in net revenues, a 10% increase over 2016, and positive earnings of approximately $50,000. This represents the second consecutive year that the company has accomplished net positive earnings in its audited financial statements. Cost of goods sold increased relative to sales due to increases in DIR and other PBM fees implemented in 2017 as compared to 2016. Prescriptions filled increased 5% to over 225,000 during 2017. The company also filled over $2.7 million worth of prescriptions (Not Included in Net Revenues) for 340B entities during 2017, generating fees to the pharmacy of approximately $113,000, which is over a 400% increase over 2016. 

The annual report showcased the continued development of the Company’s portfolio of healthcare services. Noted within the Management Discussions are the key accomplishments of 2017 which include uplisting to OTCQB, the addition of independent board members, tele-pharmacy platform development, 12 non-resident state licenses and a 5 star pharmacy rating. The performance of the pharmacy has been recognized by Outcomes, the leading MTM platform, and Humana’s Quality Network for reaching performance metrics in key areas. 

The Company has declared ambitious plans during the 2018 fiscal year starting with the announcement of a planned acquisition of a pharmacy in Palm Beach County. In addition to year-over-year sales growth and profitability, the Company plans to expand into the development of proprietary products and technologies that will further diversify the Company’s healthcare service model. Though there are many risks disclosed in the annual report that stem from changes in the industry and government regulation to unforeseen market turndowns, the Company has a positive outlook on the coming year. 

“Filing our second year of audited financial statements 10 days early has a profound significance for me personally,” stated S. Parikh Mars, CEO. “In all the years, I have worked with Progressive Care both inside and out, we were not able to accomplish this goal until now. I could not be prouder of the accounting team we have put together this year and a staff that knows how to do things right every day. I hope that we are delivering the transparency our shareholders expect and the results that motivate them to keep believing in this company.” 

WOW! The company also filled over $2.7 million worth of prescriptions (Not Included in Net Revenues) for 340B entities during 2017, generating fees to the pharmacy of approximately $113,000, which is over a 400% increase over 2016. 

Progressive Care Executes Letter of Intent to Purchase a Pharmacy in Palm Beach County - March 2, 2018

Progressive Care Breaks Record with Over 23,000 Prescriptions Filled in January 2018

$1.8 million in net revenues + $450,000 340B revenue = $2.25 million revenue in January, 2018!!!

PharmCo Video for new investors. All people in this video are real PharmCo employees and customers. 

PharmCo Rx Pharmacy is a full-service pharmacy that is unlike any other pharmacy in South Florida. We provide each individual patient with a dedicated, highly qualified team to ensure that the respective needs of all our patients are met quickly and affordably. We are completely dedicated to serving our communities at all times. We proudly support Empower “U¨, PRIDE, Care Resources and many other charitable organizations throughout South Florida. The PharmCo team supports organizations of all religions and faiths, working to bring supplies, food, education and information to all people in need. PharmCo is pleased to sponsor health fairs and local outreach programs in all communities throughout South Florida. 

The following are our strategic goals for 2018:

  • Achieve 25,000 prescriptions filled in a single month by December 2018
    Increase annual overall sales to $22 million
    Secure additional 340B contracts and long term care facility relationships
    Further expansion into Palm Beach County
    Achieve accreditation for non-sterile compounding
    Achieve full enterprise profitability and earnings growth
    Publish 2nd year of audited financial statements and leverage these statements to secure new investment opportunities for mergers and acquisitions
    Opening more Pharmco Pharmacy Resource Centers in retirement and long term care communities.
    Strengthening our tele-pharmacy platform

Closing Remarks

The strength of Progressive Care has always been in the hands of its employees and its shareholders. Without the loyalty and dedication of both, this Company would not be where it is today. We have thrived because of the unyielding support in the face of immense challenges and we know that we must never waver in our desire to always earn the trust that has been bestowed upon us. Thank you to all who believe in us and we look forward to delivering another phenomenal year.

    RXMD Security Details

Authorized Shares- 500,000,000 a/o June 30, 2018
Outstanding Shares- 430,971,376 a/o Aug 14, 2018
Float 343,618,304 a/o June 30, 2018

2013 net revenue: $9.33M 
2014 net revenue: $11.27M 
2015 net revenue: $13.64M 
2016 net revenue: $18.32M 
2017 net revenue: $20.1M
2018 net revenue (a/o 6/30): $10.3M

Business Description
Progressive Care, Inc., through its subsidiary, PharmCo, LLC, engages in the distribution of pharmaceuticals. PharmCo also provides related pharmacy consulting, and durable medical equipment and accessories to retail and long term care customers, such as skilled nursing facilities, assisted living facilities, retirement centers and communities, doctors' offices, and clinics. In addition, it offers purchasing, repackaging, and dispensing of prescription and non-prescription pharmaceutical products for long term care customers. PharmCo utilizes a unit-of-dose packaging system as opposed to traditional vials used for its retail customers. Further, it provides computerized maintenance of patient prescription histories, third party billing, and consultant pharmacist services. PharmCo's consulting services primarily consist of evaluation of monthly patient drug therapy and monitoring the institution's drug distribution system. It also offers durable medical equipment in Florida. In addition, PharmCo operates as a retail pharmacy and offers traditional pharmacy services to its retail customers, as well as free home delivery twice a day. Further, it offers brand name products customary in retail drug stores, nutritional supplements, and community based products. The company was formerly known as PharmCo Corp. and changed its name in October 2010. Progressive Care, Inc. is headquartered in North Miami Beach, Florida.

UPTICK NEWSWIRE - "Are you guys thinking about moving up to the NASDAQ?" 

CEO, Shital Mars: "Yes. So the ultimate goal has always been to become fully SEC reporting and list on NASDAQ. We think that is the right place and right path for us to go. And we think healthcare is ripe for that change and we think there’s a lot of competition and opportunity in the marketplace for a company like ours to create something special and unique and worthy of being on NASDAQ. We also know that we want to have the right vehicle for it. So it’s not something we want to do just as we are today. We want to evolve into that NASDAQ worthy company, and we are putting all the staff in place, all the factors, all the personnel and resources in place right now to get us to there as our end goal."

CEO of Progressive Care Inc., Provides 2017 Progress Report and 2018 Outlook for Investors in New Audio Interview at

Uptick Newswire “Stock Day” Interviews CEO of Progressive Care on the Completed Success in the Pharmaceutical Industry
        PharmCo is a provider of prescription pharmaceuticals, specializing in anti-retroviral patient management and durable medical equipment. The company also provides long-term care solutions
to skilled nursing facilities (SNFs), assisted living facilities (ALFs), retirement centers and communities, doctors’ offices and clinics.
Advances in HIV/AIDS treatment has greatly increased the ability of those suffering from the disease to manage their symptoms and live longer, healthier lives. Effective management of the disease begins with taking the right medications with the right dose at the right times. For those in the HIV/AIDS community, adhering to the very strict dietary and medicinal requirements can be extremely difficult. Normal activities are often interrupted and sometimes prevented by the struggle to be in compliance.
PharmCo wants to ease this burden on those impacted by this life altering disease. We aim to make compliance with prescription regiments as easy as possible. By understanding the sensitive nature of HIV/AIDS and the needs of those afflicted, PharmCo provides the following services to patients with these special needs:
1. Confidential packaging
2. Packaging tailored to suit a patient's individual life style
3. Free delivery from a variety of sources including PharmCo's proprietary delivery fleet
4. A staff that is well trained in acute illnesses, who understands the patient's needs and
5. 24 hour emergency support
6. Timely availability of specialty medications due to our extensive inventory
7. Access to newly developed medications

PharmCo is a fully accredited DME supplier. In November 2010, as part of Medicare's competitive bidding, PharmCo was awarded a three year contract to supply hospital beds, oxygen supplies, power wheelchairs, scooters, walkers, and other related equipment and accessories in South Florida. PharmCo carries an extensive inventory of equipment and accessories with most special requests being honored with same day or next day delivery. The company offers both sales and rentals with size, color, style, and brand options available on the majority of products. Most importantly, the staff is knowledgeable, helpful and dedicated to providing superior customer service.
PharmCo offers home service and maintenance, defective product replacements, and free home installation and instruction.
PharmCo's institutional clients have come to depend on the company's proven accuracy, dispensing methods, and immediate response time. With PharmCo compliance and efficiency assistance, long term care institutions are able to provide the highest level of continued care to their patients. PharmCo provides purchasing, repackaging and dispensing of both prescription and non-prescription pharmaceutical products. PharmCo utilizes a unit-of-dose packaging system as opposed to traditional vials used for its retail customers. This method of distribution improves control and patient compliance with recommended drug therapy by increasing the timeliness and accuracy of medication dispensing. PharmCo also provides computerized maintenance of patient prescription histories, third party billing and consultant pharmacist services. Its consulting services consist primarily of evaluation of monthly patient drug therapy and monitoring the institution’s drug distribution system.
Long term care institutions can count on PharmCo for the following services:
     1. On time, same day deliveries available twice a day with 24 hour emergency support
     2. Language assistance in English, Spanish, French, Creole, Portuguese, Russian, and Hebrew
     3. Unit-dose packaging options tailored the facility's needs
     4. Prescription data accuracy
     5. Extensive medication and DME inventory
     6. Access to OTC medications, nutritional products and personal hygiene items
     7. Provision and review of medication carts
     8. Monthly pharmacy consultations- drug interactions, redundant therapies, side effects, etc.
     9. Compliance updates and consultations
   10. Staff Training
   11. Exceptional customer service.


901 N. Miami Beach Blvd. Suite 1, 2, North Miami Beach, FL 33162
Toll Free: 888-919-7411 Phone: 305-919-7399 Fax: 305-919-7424
Monday- Thursday          8:30 AM - 6:30 PM
Friday                              8:30 AM - 6:00 PM
Saturday                        11:00 AM - 4:00 PM

PharmCo currently services: Miami-Dade, Broward, Palm Beach, Martin, and St. Lucie Counties.
PharmCo believes its competitive advantage is to provide superior service to our customers. As a pharmacy that caters to those patients with specialty and long term health care needs, we strive to go above and beyond to give our customers the attention and care they deserve.

Our staff is specially trained in the care and management of patients with acute illnesses and HIV/AIDS. We ensure packaging that meets our customers' privacy needs and options to suit their individual life styles. We carry an extensive inventory of medications including some of the latest treatments for acute illnesses direct from manufacturers.

PharmCo takes a personal approach to customer service by providing personal attention to the doctors, clinics, LTC facilities and others who use our products and services to provide quality care for their patients. For example, on a monthly basis a PharmCo representative will consult with a facility or clinic to review drug interactions, eliminate redundancies in therapies, provide medication dispensing training, and provide updates on new regulations. PharmCo’s institutional clients have come to rely on our proven accuracy, dispensing methods and immediate response time to allow continuation of care for their patients.

For all of our customers, we facilitate a strong line of communication between their doctors, insurance providers, and care givers. Members of our diverse, multilingual staff are on hand to assist with prior authorizations and refills.Our staff often contacts insurance providers on behalf of a customer to determine coverage and help them navigate other financial assistance options. We offer free delivery to all of our customers with no minimum purchase.

Chart below courtesy of $Pistol Pete$

How RXMD is going to get to $1
Posted on iHub 1/25/2016:
Post #28622 (MoneyForNuthin)

If you're trading on the OTCBB and you're new to RXMD, it would be a very smart move IMO to diversify your "investments" and take 10-20% of your funds and get a starting position in this stock for the long-haul growth toward this 40-50-60x gain opportunity over 3-5-7 years. Add when you can on any dips and stay long, and use other funds for flipping other penny stocks if that's something that appeals to you. Wanna retire young? This is a road map that's easy to read


The following photo is a street view screen shot from Google on December 15, 2015
(click the image for full view)

The following images are recent photos after makeover of storefront, processing and office areas in Autumn 2015
The following pics contributed by RXMD shareholder on November 13, 2015
(click the images for complete panoramic views)

Images Of New Work Stations (Aug 2016) 
Caught some images after popping by this month of the new work stations they just installed.  Much larger work area to accomodate more people!
$RXMD recent news/filings

September 5, 2018 Progressive Care Inc. CEO to Speak at First US FlyPharma Conference in Miami, Fla.

August 22, 2018 Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc.

August 21, 2018 Progressive Care Inc. Reports 47% Increase in Prescriptions Filled During July 2018

August 14, 2018, Progressive Care Relases 2018 Second Quarterly Report

August 9, 2018 Progressive Care Announces Pay-Off of Note to Chicago Venture Partners

April 2, 2018 Progressive Care Enters Into Definitive Agreements to Purchase the Pharmacy in Palm Beach County

March 23, 2018 Progressive Care Releases Audited 2017 Annual Report

March 16, 2018 Progressive Care Reports 18% Increase in Year over Year Prescriptions Filled During February 2018

March 2, 2018 Progressive Care Executes Letter of Intent to Purchase a Pharmacy in Palm Beach County

Dec. 4, 2017  Uptick Newswire “Stock Day” Interviews CEO of Progressive Care on the Completed Success in the Pharmaceutical Industry

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## source:


Ticker: $RXMD
OTC Market Place: OTCQB
CIK code: 0001402945
Company name: Progressive Care, Inc.
Company website:
Incorporated In: DE, USA

$RXMD extra dd links

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RXMD News: Progressive Care Signs Letter of Intent to Purchase Florida Based Pharmacy with $18 million in Annual Revenue 11/28/2018 08:00:00 AM
RXMD News: Progressive Care Inc. Announces Record-Breaking October 2018 11/20/2018 04:33:06 PM
RXMD News: Progressive Care Inc. Reports Best Nine-Month Revenue Period in Company History in Q3 2018 Financial Filing 11/15/2018 08:00:00 AM
RXMD News: Progressive Care Inc. Garners International News Coverage in Top Pharmacy Trade Publication for Its Proprietary Tele-Pharmacy 11/06/2018 08:00:00 AM
RXMD News: Progressive Care Inc. CEO to Speak at 5th Annual Florida Telehealth Summit in St. Pete Beach, Florida 11/01/2018 08:00:00 AM
PlusOneCoin Top Posts
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#106241  Sticky Note RXMD OTCQB: Record Sales! New Pharmacies! Multi-State Licences! times2times2 11/28/18 05:59:39 PM
#106193  Sticky Note Fair Market Value at pps of 45 cents times2times2 11/28/18 12:27:28 PM
#76605  Sticky Note UPDATED: RXMD The Best Stock Investment For 2018 don't know 03/14/18 07:32:20 PM
#67912  Sticky Note RXMD NEWS Record 20 Million Sales in 2017 Davis_Elite 02/01/18 08:41:06 AM
#106649   They just don’t make shows like they use too LEVEL TWO CASH 12/10/18 12:24:40 AM
#106648   Spider and the crew come by Boneyard 12/09/18 10:11:49 PM
#106647   Haha! Yessssss LEVEL TWO CASH 12/09/18 12:37:57 PM
#106646 Boneyard 12/09/18 11:54:14 AM
#106645   Exactly gedi8 12/08/18 05:26:15 PM
#106644   Good Morning! Happy Saturday:). I think I will Stocked55 12/08/18 09:44:05 AM
#106642   Adding more next week, just moved funds in LEVEL TWO CASH 12/07/18 11:54:12 PM
#106641   You tell ‘em straighttalk2004 12/07/18 10:30:10 PM
#106640   People need their scripts regardless of the economy.... LEVEL TWO CASH 12/07/18 10:03:49 PM
#106639   Ummmm Free? They busted their behinds to get LEVEL TWO CASH 12/07/18 09:49:39 PM
#106638   Doesn’t matter. The point is it won’t be straighttalk2004 12/07/18 09:48:23 PM
#106637   recession proof - time to stay away from times2times2 12/07/18 08:40:35 PM
#106636   You are so wrong. gedi8 12/07/18 08:28:15 PM
#106635   RXMD Filings will show Insider SHARES were FRE EEEEEEEE . MarshallDave 12/07/18 08:12:06 PM
#106633   If you really believe that you are deceiving yourself. gedi8 12/07/18 07:16:47 PM
#106632   Which CBD company are they partnering with then? TrackDude 12/07/18 07:05:00 PM
#106630   Everyone have a nice weekend Turbomunkey 12/07/18 05:12:24 PM
#106628   blah blah blah, there's no toxic dilution here BullishSwag 12/07/18 05:08:37 PM
#106627   a company with employees that have some skin BullishSwag 12/07/18 05:06:23 PM
#106626   Toxic DILUTION will Follow. RXMD didn't open up MarshallDave 12/07/18 04:47:17 PM
#106625   Totally agree. All news baked in and no straighttalk2004 12/07/18 04:45:32 PM
#106624   I’ll keep your post on record, we’ll revisit DunlopK88 12/07/18 04:22:16 PM
#106623   This is not true at all........ TheSerb 12/07/18 04:14:39 PM
#106622   Sorry, but all those are known and therefore straighttalk2004 12/07/18 04:12:45 PM
#106621   Spot on T2T gedi8 12/07/18 03:58:11 PM
#106620   Yes... Slapping the Ask at the close setting angeloh 12/07/18 03:58:05 PM
#106619   No, I disagree. When January comes around and gedi8 12/07/18 03:57:28 PM
#106618   The first trading days of 2019 will double times2times2 12/07/18 03:56:42 PM
#106617   Apparently the market is expecting more losses as straighttalk2004 12/07/18 03:54:38 PM
#106616   Watch and see. gedi8 12/07/18 03:49:34 PM
#106615   How much profit will they generate? straighttalk2004 12/07/18 03:45:24 PM
#106614   January, 2019 RXMD will become a $40mil revenue business gedi8 12/07/18 03:32:03 PM
#106613   RXMD YTD 9/30/18 Net ( loss ) income $( 1,011,670[/col MarshallDave 12/07/18 03:20:20 PM
#106612   agree! budfoxhub 12/07/18 03:12:47 PM
#106611   RXMD will soon be $40 Million Revenue company! TheSerb 12/07/18 02:58:43 PM
#106610   Expanding their coverage has always been RXMD’s goal. budfoxhub 12/07/18 02:57:11 PM
#106609   Glad to have you here bud! Great info! TheSerb 12/07/18 02:39:49 PM
#106608   Rising Revenue - The target Florida-based pharmacy in budfoxhub 12/07/18 02:31:12 PM
#106607   Correct! Amazing things being done here with RXMD! TheSerb 12/07/18 02:30:56 PM
#106606   Progressive Care also reported raising over $1.4 million budfoxhub 12/07/18 02:29:33 PM
#106605   My guess is that a better than expected angeloh 12/07/18 01:58:40 PM
#106604   We Have already discussed NUMEROUS times how MarshallDave 12/07/18 01:55:47 PM
#106603   Looks like RXMD May close the week green. Robertscott 12/07/18 01:53:16 PM
#106601   Despite your concern, I doubt that any of gedi8 12/07/18 01:46:18 PM
#106600   You're joking right. To answer your query...yes you gedi8 12/07/18 01:37:11 PM
#106599   You're Forgetting, RXMD Insiders can get more FREE MarshallDave 12/07/18 12:51:20 PM
#106598   Only down side I see is having not Elijah875 12/07/18 12:46:34 PM
#106596   Yes because selling at 5 cents is what Wildcats2 12/07/18 12:35:42 PM
#106595   RXMD 01/05/ 2019 Tic Toc Tic Toc, The Shares MarshallDave 12/07/18 12:31:27 PM
#106594   Oh yah, what downside do you see? Stocked55 12/07/18 12:26:40 PM