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Yep... New green wave commences next week...
The Company generated sales revenues of $953,211 during the 3 months ended January 31,2018. The Company expects that these revenue sources will continue to substantially grow in future years. After cost of sales, operating expenses and interest expense, the Company generated net income of $ 404,605 for the 3 months ended January 31,2018
https://backend.otcmarkets.com/otcapi/company/financial-report/186735/content
$ONCI$ / $HEXA$
Yep... the 22nd will be a big catalyst for RXMD...
Can't wait...
Last time they went to a conference it doubled their PPS in a week and over time returned 5x.
These are high caliber investors and we just brought in 20.1M in one year with 2 years of audited coming 3/31. It will have a huge effect especially after the event.
Excellent posts stockforce...
CEO: "We are professionals and we can deliver care and we are responsible for a great many lives and a great deal of the care that is given to a patient. And as far as financials and the position of the company, we are OTCQB. We look small, but we are big and, vice versa, we are big, but we can be small and so we are very versatile, we are very lean. We don’t try to spend money where we don’t need it, but we are trying to expand and grow and become bigger and better and do great things for our shareholders and our investors. And I think that to any investor looking at us now, we were worth fractions of a penny a few years ago and now we’re almost at ten cents. We still think that we’re on the ground floor of what our company can truly be and I hope that anybody who is listening to this or looking our company up really goes and looks at our story and our story is one of resilience, one of innovation, and one of leadership and I think that’s something that they can feel proud of when they invest."
http://wallstreetanalyzer.com/2018/03/01/progressive-care-inc-otcqb-rxmd-ceo-shital-mars/
Thanks for your message dog...
More excellent news for RXMD...
$RXMD Expands its licensing presence into Arizona, Rhode Island, & Utah. @ProgressCareUS @PharmCoRx #PharmCo #13states https://goo.gl/Wdzr52
Good morning John...
Not sure why the whammy theory on clay as I watch his videos and he seems to be very straight forward and positive in his comments about RXMD. I think the few naysayers here just spin it negative as is their way...
More excellent news for RXMD...
$RXMD Expands its licensing presence into Arizona, Rhode Island, & Utah. @ProgressCareUS @PharmCoRx #PharmCo #13states https://goo.gl/Wdzr52
Naaaah... Everything Clay said about RXMD in today's video was positive for RXMD. Look for new Highs next week...
Yep... It's all coming together now for ONCI...
LETTER TO SHAREHOLDERS ON THE STATE OF THE COMPANY
NEW YORK, NY -- March 16, 2018 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC: ONCI) announces the following letter to shareholders from CEO Steve Berman: Below is an update of most everything that is going on at the company, some you have heard about and some are new. I will be discussing everything I can talk about.
FINANCIALS
Q1 revenue was another record with growth continuing at a rapid pace. We enjoyed an 18% plus increase over last quarter and a huge increase over Q1 last year. The numbers speak for themselves as revenue grows at current dealerships as well as new dealerships signed. I expect revenue to continue on the uptrend as we sign new contracts and distribution deals. February was a record month and March is shaping up to be even better. #REVENUERULES
DEALERSHIPS
We are signing dealerships every week . Last week was a record as we signed dealer groups in New England, New Jersey, New York and Florida. We have contracts out that we expect to close on an additional 10 dealer groups within the next 10 days. Our re-order pace has grown significantly as we are getting re-orders at 97% of all stores.
Our deal with USW is starting to pay off as we should be in 5 huge stores in Florida within the next week. Currently, I have only been turned down by one group in Florida and not because they did not love the product but it was a financial decision.
What I am most pleased about in our dealer network is that most stores are increasing there re orders and selling more units every month. We are collecting the cash as fast as we can and will only get better as we put more feet on the street. At this point in time we are the only company dealing with both fleet groups and single and large dealership groups.
All new stores are starting at a minimum of 25 units per month and some stores are selling 200 plus per month. We have also started to ask some of the new stores for CIA and in some cases are getting it. We started this with nothing and we are growing at an incredible pace and will continue to grow month over month as we add new stores to our Network. #DEALERSHIPSROCK
DISTRIBUTION
I am pleased to say that besides our core sales people we have signed distribution deals with companies based in New England, SouthEast and Middle Atlantic states, Texas, West Coast (including Washington thru California), Minnesota , Midwest, Southwest, England and Ireland, Canada, Europe, UAE and Middle East, South America and, most recently, Australia and New Zealand.
In total ,we have over 85 salespeople selling our products all over the world. We are in discussion with groups in Mexico, South Africa, Asia and Scandinavia. I will update as soon as we close these deals. #WEAREWORLWIDE
MIDDLE EAST
Working with Consulting/distribution agent Mr. Graham Bell. Graham has very good relationships with the Auto and technology industry throughout the GULF region including UAE and Saudi Arabia. Just returned from the region last week.
DUBAI TAXI CORP
The main purpose of my trip was to push our current best prospect Dubai Taxi "over the line" into a test mode. From there I (Graham also) can follow up and, subject to a successful test, move towards closure of at least initial unit orders. The objective is to close these initial orders and then ramp up orders over the coming months.
Dubai Taxi Corp has 5500 in their fleet. Following the installation, Osman, the IT guy I was working with, was then confident to be able to download the Fleetsafer software to his computer and monitor the taxis. He assured me he would call directly if he had any problems. Have not heard anything. I will follow up this week.
Dubai taxi has now completed their test with a report being generated to the CEO. While they will not commit we should hear from the CEO within the next couple of weeks. This report could include a "Green light" to move ahead, a provisional "Green light" with recommended changes required, or an outright rejection. Fingers crossed.
COLONY TRUCKS- KUWAIT
I had a very long meeting with this company. They have over 1000 trucks and construction machinery in their fleet. We went through all the advantages of Fleetsafer and how this can manage their trucks, Buses, etc as they all travel throughout the Gulf region (not just Kuwait). Jamil Malik and Alvin Lewis are the key guys there and agreed to test the system. Graham will be sending them 2 units now for testing. I will follow up with them in a week to make sure they receieved the units and get them to start a test. We will contact the team in Vancouver again to walk them through it. They are currently testing the product.
MERCEDES TRUCKS/VANS- UAE
Met with Navin Sook, head of Fleet management and Safety/Security features. In addition to just selling/leasing their trucks/Vans, he also makes sure to sell them the additional features package which includes many of the already existing Mercedes features such as automatic breaking , tracking , etc. We discussed including the Bsafe/Fleetsafer software as part of their package offering. He said it could not come as part of the Mercedes package as Mercedes only puts their own items in a package; however, he said he could potentially "bake" it in as a separate item but included in an overall price. I gave him a unit to test and will follow up with him again in a week. A proposal from Mercedes trucks was submitted to their headquarters for inclusion in the package items. Waiting for disposition on this proposal.
Al FUTTAIM MOTORS
Had a confirmed meeting with the CEO Len Hunt whom Graham and I spent time with at the auto show. Two hours before the meeting I had call from his office cancelling the meeting but putting me onto their Head of Multi brand services, Omar Edris. Graham will go over and see him with a unit to test. This is another one where we could be sold in the after sales packages. I will follow up with him after he's had a chance to test the unit, give feedback, and provide some proposal options. We will get next steps within a week.
WEHBE INSURANCE
I met with Omar Wehbe who runs one of the 3 top Insurance companies in the Gulf Region. We reviewed Bsafe and Fleetsafer, He saw multiple benefits for Insurance companies but also has good relationships with other Fleet and auto companies. He wanted some time to think about how best to use the technology. He said the best thing would be for me to let him know next time I'm out and he would arrange further meetings/ intros as well as propose what he would do with Bsafe. Meeting with them again end of March
OTHER ACTIVITY
Graham and I are also working on:
UBER Middles East- Waiting for outcome of Meeting with S. Berman and Global safety team based in NYC. Uber Middle east would like to proceed. Uber Middle East is still waiting for Green light from US to proceed . Uber NY has product waiting for a test result
- Dubai Police (Colonel Al Masri)
- KIA Motors Middle East
- Volkswagen Middle east
- CAREEM Middles East (Uber equivalent)
- Al Tayer Motors
- Juma Al Madjid Group (Hyundai)
- Sheikh Saif's office in Abu Dhabi (Antoine)- potential Master dealership
- SAPTCO Bus company Saudi
- Al Naghi Group (bus/ trucks) Saudi
- Tamimi Transportation- Saudi.
All the Saudi activity has been on all hold with all the Big players in detention. Saudi starting to open up again. Graham will be going in the next 2 weeks to start speaking with potential customers.
UK
We are working with consulting/ distribution agent Mr. Gordon Poots who is based in Belfast, Ireland. He has very good relationships throughout the auto and tech industry in the UK.
He has sent brochures and following up with the companies listed below
- Vendigital automotive technology distributor
- SFU- major Fleet Company- 6000 + cars/vans
- SLOANS- major Fleet company- 8000 + cars, minibuses and Vans
- Addison Lee- Major Fleet company- 12000 Vehicles
- OH Vehicle Conversion company- Upgrading/modernizing classic and contemporary cars through the UK.
Meetings set up over the next 2 weeks.
TURKEY
We are working with a new agent in Turkey Mr. Murat Kortan. He is owner and principle of Kortan Consulting. The company identifies new products and services into the Turkish market primarily in the Insurance, Dealer distributor/Agency business and new technology distribution.
Have had 3 conference calls with him including one this morning. He has all the brochures and is sending them out to his contacts and following up. Next step is to arrange a call this week to review questions and discuss commercial terms for the Turkish market. Turkey is 80 million people and Murat feels this could be taken up by at least 500,000 to 1 million users.
I met Murat in Istanbul this past Monday and met with one insurance company, Ak Sigorta. Feedback was positive. But Murat will need to translate the brochure and materials into Turkish as the level of English is not that good. We are having a call tomorrow (11th) to discuss next steps with Ak Sigorta and other potential clients.
SERBIA
Bsafe technology has been presented to senior government officials who seem interested in potentially legislating the mandatory use of this technology in the country. In the meantime the Government has made introductions to the top 2 Insurance companies in the country. They are TRIGLAV Insurance Run by Dr. Dragan Markovic and AMS Insurance run by Mr. Dejan Jevtic. Between the 2 companies they provide coverage for 83% of all Fleet, Taxi companies, Buses, and delivery services companies in Serbia. They both have units after testing will follow up in the next 2 to 3 weeks.
BULGARIA
We have recently found a very good consulting agent Mr. Rossen Tzvetkov. Bulgaria is part of the EU and needs to comply with the EU regulations for distracted driving. I sent Rossen some units and he is testing now. He feels it is a very good idea and that over time the country will need to comply with these laws. So he is already speaking to some insurance agencies, Fleet companies and the Police to help support the effort. He will get back to me with Feedback in the next couple of weeks.
I will get an update next week.
ADDITIONAL ITEMS
COGOSENSE
We are working with the Cogosense team to finish our new apps and develop new apps. I will be in Vancouver within the next 2 weeks to meet with the development team to discuss integration.
I have met with our funder and we should be closing this acquisition by the end of April. Our new mold will be able to create between 50,000 and 75,000 units at a significant discount to what we currently pay for product and all those savings go right to the bottom line.
#PROFITSINCREASE
3A10
The 3A10 is 99.9 percent done and will be completed shortly. We were able to write off over 1.8 million of old debt that was choking us monthly. We are done with that debt and are moving forward to complete and reduce all old debt and we will do this shortly.
I will be sending out another update next week and will include Cannabis, Colorado Dental and other opportunities on our plate. Overall, the state of the company is in great shape. We continue to grow at a rapid pace and are extending our operations into new and untapped markets. We have come a very long way in 2 short years and I expect to grow this company and expand into new markets every quarter. #REVENUERULES $ONCI
About On4 Communications
On4 is a holdings company with an aggressive focus of acquiring proven and profitable businesses. Our first project is focusing on businesses operating in the $1.7 trillion U.S. healthcare industry. Our newest targeted businesses are operating in the trillion-dollar mobile App space. Our first acquisition in the mobile App space is FMS Marketing a global creator and distributor of mobile Apps for Android and Iphones. We are also targeting businesses to acquire and joint venture with in the medical marijuana and emerging MJ ancillary products space.
Forward-Looking Statement
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Steve Berman CEO
On4Company@gmail.com
(323) 487-0389
Yep...
LOVE THIS PART of LETTER TO SHAREHOLDERS ON THE STATE OF THE COMPANY
Quote:
Overall, the state of the company is in great shape. We continue to grow at a rapid pace and are extending our operations into new and untapped markets. We have come a very long way in 2 short years and I expect to grow this company and expand into new markets every quarter
https://ih.advfn.com/p.php?pid=nmona&article=76967436
NEW YORK, NY -- March 16, 2018 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC: ONCI) announces the following letter to shareholders from CEO Steve Berman:
Below is an update of most everything that is going on at the company, some you have heard about and some are new. I will be discussing everything I can talk about.
FINANCIALS
Q1 revenue was another record with growth continuing at a rapid pace. We enjoyed an 18% plus increase over last quarter and a huge increase over Q1 last year.
The numbers speak for themselves as revenue grows at current dealerships as well as new dealerships signed. I expect revenue to continue on the uptrend as we sign new contracts and distribution deals. February was a record month and March is shaping up to be even better. #REVENUERULES
DEALERSHIPS
We are signing dealerships every week . Last week was a record as we signed dealer groups in New England, New Jersey, New York and Florida. We have contracts out that we expect to close on an additional 10 dealer groups within the next 10 days. Our re-order pace has grown significantly as we are getting re-orders at 97% of all stores.
Our deal with USW is starting to pay off as we should be in 5 huge stores in Florida within the next week. Currently, I have only been turned down by one group in Florida and not because they did not love the product but it was a financial decision.
What I am most pleased about in our dealer network is that most stores are increasing there re orders and selling more units every month. We are collecting the cash as fast as we can and will only get better as we put more feet on the street. At this point in time we are the only company dealing with both fleet groups and single and large dealership groups.
All new stores are starting at a minimum of 25 units per month and some stores are selling 200 plus per month. We have also started to ask some of the new stores for CIA and in some cases are getting it. We started this with nothing and we are growing at an incredible pace and will continue to grow month over month as we add new stores to our Network. #DEALERSHIPSROCK
DISTRIBUTION
I am pleased to say that besides our core sales people we have signed distribution deals with companies based in New England, SouthEast and Middle Atlantic states, Texas, West Coast (including Washington thru California), Minnesota , Midwest, Southwest, England and Ireland, Canada, Europe, UAE and Middle East, South America and, most recently, Australia and New Zealand.
In total ,we have over 85 salespeople selling our products all over the world. We are in discussion with groups in Mexico, South Africa, Asia and Scandinavia. I will update as soon as we close these deals. #WEAREWORLWIDE
MIDDLE EAST
Working with Consulting/distribution agent Mr. Graham Bell. Graham has very good relationships with the Auto and technology industry throughout the GULF region including UAE and Saudi Arabia. Just returned from the region last week.
DUBAI TAXI CORP
The main purpose of my trip was to push our current best prospect Dubai Taxi "over the line" into a test mode. From there I (Graham also) can follow up and, subject to a successful test, move towards closure of at least initial unit orders. The objective is to close these initial orders and then ramp up orders over the coming months.
Dubai Taxi Corp has 5500 in their fleet. Following the installation, Osman, the IT guy I was working with, was then confident to be able to download the Fleetsafer software to his computer and monitor the taxis. He assured me he would call directly if he had any problems. Have not heard anything. I will follow up this week.
Dubai taxi has now completed their test with a report being generated to the CEO. While they will not commit we should hear from the CEO within the next couple of weeks. This report could include a "Green light" to move ahead, a provisional "Green light" with recommended changes required, or an outright rejection. Fingers crossed.
COLONY TRUCKS- KUWAIT
I had a very long meeting with this company. They have over 1000 trucks and construction machinery in their fleet. We went through all the advantages of Fleetsafer and how this can manage their trucks, Buses, etc as they all travel throughout the Gulf region (not just Kuwait). Jamil Malik and Alvin Lewis are the key guys there and agreed to test the system. Graham will be sending them 2 units now for testing. I will follow up with them in a week to make sure they receieved the units and get them to start a test. We will contact the team in Vancouver again to walk them through it. They are currently testing the product
MERCEDES TRUCKS/VANS- UAE
Met with Navin Sook, head of Fleet management and Safety/Security features. In addition to just selling/leasing their trucks/Vans, he also makes sure to sell them the additional features package which includes many of the already existing Mercedes features such as automatic breaking , tracking , etc. We discussed including the Bsafe/Fleetsafer software as part of their package offering. He said it could not come as part of the Mercedes package as Mercedes only puts their own items in a package; however, he said he could potentially "bake" it in as a separate item but included in an overall price. I gave him a unit to test and will follow up with him again in a week. A proposal from Mercedes trucks was submitted to their headquarters for inclusion in the package items. Waiting for disposition on this proposal.
Al FUTTAIM MOTORS
Had a confirmed meeting with the CEO Len Hunt whom Graham and I spent time with at the auto show. Two hours before the meeting I had call from his office cancelling the meeting but putting me onto their Head of Multi brand services, Omar Edris. Graham will go over and see him with a unit to test. This is another one where we could be sold in the after sales packages. I will follow up with him after he's had a chance to test the unit, give feedback, and provide some proposal options. We will get next steps within a week.
WEHBE INSURANCE
I met with Omar Wehbe who runs one of the 3 top Insurance companies in the Gulf Region. We reviewed Bsafe and Fleetsafer, He saw multiple benefits for Insurance companies but also has good relationships with other Fleet and auto companies. He wanted some time to think about how best to use the technology. He said the best thing to would be for me to let him know next time I'm out and he would arrange further meetings/ intros as well as propose what he would do with Bsafe. Meeting with them again end of March
OTHER ACTIVITY
Graham and I are also working on:
- UBER Middles East- Waiting for outcome of Meeting with S. Berman and Global safety team based in NYC. Uber Middle east would like to proceed. Uber Middle East is still waiting for Green light from US to proceed . Uber NY has product waiting for a test result
- Dubai Police (Colonel Al Masri)
- KIA Motors Middle East
- Volkswagen Middle east
- CAREEM Middles East (Uber equivalent)
- Al Tayer Motors
- Juma Al Madjid Group (Hyundai)
- Sheikh Saif's office in Abu Dhabi (Antoine)- potential Master dealership
- SAPTCO Bus company Saudi
- Al Naghi Group (bus/ trucks) Saudi
- Tamimi Transportation- Saudi.
All the Saudi activity has been on all hold with all the Big players in detention. Saudi starting to open up again. Graham will be going in the next 2 weeks to start speaking with potential customers.
UK
We are working with consulting/ distribution agent Mr. Gordon Poots who is based in Belfast, Ireland. He has very good relationships throughout the auto and tech industry in the UK.
He has sent brochures and following up with the companies listed below
- Vendigital automotive technology distributor
- SFU- major Fleet Company- 6000 + cars/vans
- SLOANS- major Fleet company- 8000 + cars, minibuses and Vans
- Addison Lee- Major Fleet company- 12000 Vehicles
- OH Vehicle Conversion company- Upgrading/modernizing classic and contemporary cars through the UK.
Meetings set up over the next 2 weeks
TURKEY
We are working with a new agent in Turkey Mr. Murat Kortan. He is owner and principle of Kortan Consulting. The company identifies new products and services into the Turkish market primarily in the Insurance, Dealer distributor/Agency business and new technology distribution.
Have had 3 conference calls with him including one this morning. He has all the brochures and is sending them out to his contacts and following up. Next step is to arrange a call this week to review questions and discuss commercial terms for the Turkish market. Turkey is 80 million people and Murat feels this could be taken up by at least 500,000 to 1 million users.
I met Murat in Istanbul this past Monday and met with one insurance company, Ak Sigorta. Feedback was positive. But Murat will need to translate the brochure and materials into Turkish as the level of English is not that good. We are having a call tomorrow (11th) to discuss next steps with Ak Sigorta and other potential clients.
SERBIA
Bsafe technology has been presented to senior government officials who seem interested in potentially legislating the mandatory use of this technology in the country.
In the meantime the Government has made introductions to the top 2 Insurance companies in the country. They are TRIGLAV Insurance Run by Dr. Dragan Markovic and AMS Insurance run by Mr. Dejan Jevtic. Between the 2 companies they provide coverage for 83% of all Fleet, Taxi companies, Buses, and delivery services companies in Serbia. They both have units after testing will follow up in the next 2 to 3 weeks.
BULGARIA
We have recently found a very good consulting agent Mr. Rossen Tzvetkov. Bulgaria is part of the EU and needs to comply with the EU regulations for distracted driving. I sent Rossen some units and he is testing now. He feels it is a very good idea and that over time the country will need to comply with these laws. So he is already speaking to some insurance agencies, Fleet companies and the Police to help support the effort. He will get back to me with Feedback in the next couple of weeks.
I will get an update next week
ADDITIONAL ITEMS
COGOSENSE
We are working with the Cogosense team to finish our new apps and develop new apps. I will be in Vancouver within the next 2 weeks to meet with the development team to discuss integration.
I have met with our funder and we should be closing this acquisition by the end of April. Our new mold will be able to create between 50,000 and 75,000 units at a significant discount to what we currently pay for product and all those savings go right to the bottom line.
#PROFITSINCREASE
3A10
The 3A10 is 99.9 percent done and will be completed shortly. We were able to write off over 1.8 million of old debt that was choking us monthly. We are done with that debt and are moving forward to complete and reduce all old debt and we will do this shortly.
I will be sending out another update next week and will include Cannabis, Colorado Dental and other opportunities on our plate.
Overall, the state of the company is in great shape. We continue to grow at a rapid pace and are extending our operations into new and untapped markets.
We have come a very long way in 2 short years and I expect to grow this company and expand into new markets every quarter. #REVENUERULES $ONCI
Yep... Target .26 by next week...
RXMD Amazing Fundamentals NUMBERS DON"T LIE:
"As mentioned earlier, Progressive Care (RXMD) is blowing away the competition, their revenue is far superior when you compare the revenue per store of the current big 3 players.
Numbers don't lie, they are screaming that Progressive Care (RXMD) is a STRONG BUY NOW! Just look at how strong Progressive Care (RXMD) is, in fact even if you added all three of these nationwide chains per store average together Progressive Care (RXMD) easily beats them all combined! Take a look:
-CVS Pharmacy Revenues average of $8.5 million per store.
-Walgreens Pharmacy Revenues average of $6.6 million per store.
-Rite Aid's Pharmacy Revenues average of $4.2 million per store.
-Progressive Care (RXMD) revenues were $20.1M in 2017 and are forecast to bring in around $22-25 million this year EVEN without any expansion or merger or acquisition!
Yep...
SeeThruEquity Upgrades RXMD Price Target to $0.35 per Share
GlobeNewswire (press release) - Mar 9, 2018
$RXMD https://globenewswire.com/news-release/2018/03/09/1419952/0/en/SeeThruEquity-Upgrades-RXMD-Price-Target-to-0-35-per-Share.html
MIAMI, March 09, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces upgraded price target to $0.35 per share from SeeThruEquity.SeeThruEquity Upgrades RXMD Price Target to $0.35 per Share
GlobeNewswire (press release) - Mar 9, 2018
MIAMI, March 09, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB:RXMD), a healthcare services and technology company, announces upgraded price target to $0.35 per share from SeeThruEquity.
$953K revenue for the QUARTER AND.... the LAM debt is DONE completely converted..! $953k revs Q1 can equate to 4 to 5 million for our second full year. THIS is why I remain long. Look to the future, not the past.
MODS: Link to 1Q18 ONCI financials. Can we get this record breaking report stickied please..?
https://backend.otcmarkets.com/otcapi/company/financial-report/188995/content
Big names still in play as far as we know. Any one of those could be game changers.
Ford
BMW
Uber
Etc.
Target .26 by next week...
RXMD Amazing Fundamentals NUMBERS DON"T LIE:
"As mentioned earlier, Progressive Care (RXMD) is blowing away the competition, their revenue is far superior when you compare the revenue per store of the current big 3 players.
Numbers don't lie, they are screaming that Progressive Care (RXMD) is a STRONG BUY NOW! Just look at how strong Progressive Care (RXMD) is, in fact even if you added all three of these nationwide chains per store average together Progressive Care (RXMD) easily beats them all combined! Take a look:
-CVS Pharmacy Revenues average of $8.5 million per store.
-Walgreens Pharmacy Revenues average of $6.6 million per store.
-Rite Aid's Pharmacy Revenues average of $4.2 million per store.
-Progressive Care (RXMD) revenues were $20.1M in 2017 and are forecast to bring in around $22-25 million this year EVEN without any expansion or merger or acquisition!
Yep...
READ: RXMD Unstoppable Record Breaking Growth Continues
RXMD Unstoppable Record Breaking Growth Continues
TOTAL 1.9 MILLION DOLLARS REVENUE FOR FEBRUARY! THIS INCLUDES $450,000 PRESCRIPTION FILLS FOR 340B PROGRAMS! WOW!!
http://progressivecareus.com/progressive-care-reports-18-increase-in-year-over-year-prescriptions-filled-during-february-2018/
Quote:
March 16th 2018 - Progressive Care (RXMD) Is The Best Stock Investment For 2018 Follow @WarrenBuffetHQ
It is very rare to find a stock like Progressive Care (RXMD) trading at such a low level! On it's way to easily becoming a $100 MILLION dollar revenue company, Progressive Care (RXMD) is THE #1 stock to buy right now, one of the most undervalued stocks in America!
Progressive Care's (RXMD) unstoppable record breaking growth continues, the company just released it's February 2018 numbers that showed a huge 18% growth rate over the same period in the previous year, all in all generating just under $2 MILLION in revenues.
In February 2018 Progressive Care (RXMD) filled almost 20,000 prescriptions, contrast that to the average per store number of around 6,000 of CVS, Walgreens and Rite-Aid and you get an idea of how successful Progressive Care (RXMD) business model is. The stock has pulled back from it's recent high of 26 cents as short term profit takers sold off, this has allowed wonderful new entrance opportunities into the stock for investors.
With amazing strength in it's fundamentals, Progressive Care (RXMD) is a NASDAQ calibre stock that will soon be listed on the NASDAQ, it is one of the best and safest stock investments you will ever find, you can't go wrong buying shares Progressive Care (RXMD) at this low level. Despite any daily fluctuations the share price is going to keep moving higher to new heights!
Currently trading at a deep discount under 20 cents per share, analysts believe the current fair value of the company right now should be close to a dollar plus per share, reaching multi dollars per share as it's revenues continue increasing as it expands across the nation.
Right you are Mama...
$953K revenue for the QUARTER AND.... the LAM debt is DONE completely converted..!
We should see a doozy of a PR pre-market tomorrow, IMO.
953k revs Q1 can equate to 4 to 5 million for our second full year.
THIS is why I remain long. Look to the future, not the past.
MODS: Link to 1Q18 ONCI financials. Can we get this record breaking report stickied please..?
https://backend.otcmarkets.com/otcapi/company/financial-report/188995/content
Big names still in play as far as we know. Any one of those could be game changers.
Ford
BMW
Uber
Etc.
Right you are Mary...
We should see a doozy of a PR pre-market tomorrow, IMO.
953k revs Q1 can equate to 4 to 5 million for our second full year.
THIS is why I remain long. Look to the future, not the past.
Big names still in play as far as we know. Any one of those could be game changers.
Ford
BMW
Uber
Etc.
Thanks for the timely reminders ND...
$RXMD UPCOMING CATALYSTS / NEWS
It's been amazing to watch RXMD in action. This will absolutely test .26 again no doubt about it. I'd like to reference the Mobb Deep song entitled "Shook Ones" for the recent dip. We will recover with conviction because the fundamentals support it. With our recent .35 target we will easily make it into the .30s very soon. Just looking over the below items is enough for me to continue to buy this into dollars.
The CEO just completed a Wallstreet interview where she said we will be going to NASDAQ and NET revenues will be at least 75M very soon. Everything else has been executed beautifully by the company so I can without a doubt see us doing what Shital said. Trust the fundamental analysis and realize that NASDAQ is the future. There will not be any discount shares available (as there are today) once we go to the big boards. I've been buying from .05 to .26 to .12 and back up again. We are adjusting and today's rally proved the bulls are in control.
February NET revenues: Week of March 12th or 19th or sooner - should be record net revenues again with possibly our second 2M+ month. We're looking at getting these either Friday (March 16) or the week after.
Investor conferences: Progressive Care Inc. will be presenting at the 26th Annual Investor Conference: The Wall Street Investor Forum on March 22nd. Last time the company attended an investor conference there was BIG TIME buying that followed. With 2 years of audited financials coming by 3/31 I predict us blowing past .26 like a breeze.
Acquisition details: With the latest announcement of the company's intent to purchase a pharmacy in Palm Beach County, we will see additional details around this purchase and what it means on the revenue side.
Audited Annual Report: Report is due 3/31 and will be the second audited year. Having two years of audited fins is the gold standard for institutional monies to flow in.
Conference call for shareholders: This occurs every quarter. Should happen around the release of the annual report.
March Numbers: Week of April 12th or 19th - should be record revenues again with possibly our third 2M+ month.
Additional technology partnerships / contracts: Progressive care is both a healthcare services and technology company. Expect additional PRs and contracts stating new revenues streams
Institutional buying: We've had what looks to be institutional buying recently and I would venture to guess we will receive more news about institutions covering us and major investments after we have our two years of audited financials in April.
Institutional stock coverage: Shital has made it clear that she'd like to have coverage of the stock by institutional analysts. We are seeing more and more signs of this and will hear more about it soon IMO.
Online Pharmacy / e-Commerce: With the news of Bitcoin and Amazon looking to get into the pharmacy space, expect additional news on RXMD about becoming a major online pharmacy.
CBD / MJ / HEMP: One of the latest major developments. Additional news about CBD and MJ will most likely be coming out in the next couple of months. They already stated they will have in-house compounding and R&D! This will boost sales big time as customers would like to see alternatives to addictive pain pills.
Tech / Tele-Pharm news: With the latest development of this being a tech play, we should hear more about their plan for tele-Pharmco and also we should hear from our NASDAQ independent board member on the latest developments.
Investor conferences to attract institutional investors: They will most likely PR these events over the coming months.
New 340B contracts: Over the next month or two we will most likely hear about new 340B contracts from multiple partners
New Long term care facility relationships: The company continues to be active in the community with doctors, patients and long term facilities. Expect additional partnerships on this front.
Achieve accreditation for non-sterile compounding: One the company's stated goals for 2018 is receiving accreditation for non-sterile compounding. This will actually allow them to make more money with more of a backing.
Traditional financing: Expect news of traditional financing over the coming year.
Opening more Pharmco Pharmacy Resource Centers in retirement and long term care communities: Another 2018 goal of the company. They will announce more resource centers to again strengthen their relationships in the community.
More out of state licenses: They've already obtained 14 state licenses where they can do business and planning to expand to more states. We may hear more about these revenue streams as they add to the bottom line.
Purdue sales rep team: We should be hearing more about the Purdue pharma sales force to join the team for conducting out of state sales
Aggressive expansion / M&A: We should be seeing additional PBM contracts related to their recent acquisition. I also believe we will hear more about additional acquisitions and other partnerships.
NASDAQ uplisting: With traditional financing, 2 locations and a much higher PPS, I expect to start to hear more about the company's plan to uplist to NASDAQ.
Well not if the report is released pre-market...
I'm just pondering whether it will see an early morning dip before another increase...
Alright Blade...
Will hang loose and stand by...
Just thought investors here would've been more interested in what I expect to be record setting RXMD Revenues Report...
I do believe... The Best is yet to Be...
Nobody's interested in the RXMD Revenue Report probably being released later today or in the morning..?
Don't you folks think that would be a catalyst for a green wave here..?
Here's the last report released on 031617:
Progressive Care Increases Revenue by 36% for February 2017 Press Release | 03/16/2017
MIAMI, March 16, 2017 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTC PINK:RXMD), through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), and 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 continued growth during February 2017.
PharmCo continues to deliver year over year growth, filling over 16,500 prescriptions and garnering revenues of $1.5 million for the month, which is a 36% increase over the same month last year. Prescription counts remained flat, caused mainly by the shortened month when compared to leap year last year.
The Company is in the middle of what is commonly called “deductible season” where costly health care decisions are deferred until after deductibles are met for the year. During this period, typically the first quarter of the year, new prescriptions therapies are lower when compared to the rest of the year.
Progressive Care is working to develop Smart Medical Alliance and its 340B program offerings. Smart Medical Alliance has added over 4,000 patients under management since inception in October 2016. Smart Medical is in the process of acquiring Management Services Organization (MSO) contracts with certain third party payors, which will increase the number of clinics to which it can provide service as well as increase the value of services provided.
Over the past three months, the PharmCo’s 340B Program division became the preferred pharmacy provider for Empower U, which has increased the number of 340B patients serviced by PharmCo by 450%. The Company also contracted with Community AIDS Network to be a pharmacy provider for both of their locations in Miami-Dade County.
“We continue to post solid results during this first quarter,” stated S. Parikh Mars, CEO. “The 2016 Annual Report is nearing completion and we are working diligently on our development initiatives for the year. We are seeing growth from Century Village, Smart Medical Alliance and our 340B Program. Our Community AIDS Network engagement begins April 1 and we are looking forward to growing our 340B services throughout the year. We have many opportunities presenting themselves and we are excited to navigate these new areas of advancement.”
About Progressive Care
Progressive Care, Inc. (OTC PINK:RXMD), through its subsidiary PharmCo, LLC, is 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.
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
One more time...
Does anyone expect RXMD to report premarket tomorrow..?
Here's the last report released on 031617:
Progressive Care Increases Revenue by 36% for February 2017 Press Release | 03/16/2017
MIAMI, March 16, 2017 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTC PINK:RXMD), through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), and 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 continued growth during February 2017.
PharmCo continues to deliver year over year growth, filling over 16,500 prescriptions and garnering revenues of $1.5 million for the month, which is a 36% increase over the same month last year. Prescription counts remained flat, caused mainly by the shortened month when compared to leap year last year.
The Company is in the middle of what is commonly called “deductible season” where costly health care decisions are deferred until after deductibles are met for the year. During this period, typically the first quarter of the year, new prescriptions therapies are lower when compared to the rest of the year.
Progressive Care is working to develop Smart Medical Alliance and its 340B program offerings. Smart Medical Alliance has added over 4,000 patients under management since inception in October 2016. Smart Medical is in the process of acquiring Management Services Organization (MSO) contracts with certain third party payors, which will increase the number of clinics to which it can provide service as well as increase the value of services provided.
Over the past three months, the PharmCo’s 340B Program division became the preferred pharmacy provider for Empower U, which has increased the number of 340B patients serviced by PharmCo by 450%. The Company also contracted with Community AIDS Network to be a pharmacy provider for both of their locations in Miami-Dade County.
“We continue to post solid results during this first quarter,” stated S. Parikh Mars, CEO. “The 2016 Annual Report is nearing completion and we are working diligently on our development initiatives for the year. We are seeing growth from Century Village, Smart Medical Alliance and our 340B Program. Our Community AIDS Network engagement begins April 1 and we are looking forward to growing our 340B services throughout the year. We have many opportunities presenting themselves and we are excited to navigate these new areas of advancement.”
About Progressive Care
Progressive Care, Inc. (OTC PINK:RXMD), through its subsidiary PharmCo, LLC, is 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.
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
Does anyone know if RXMD report came out premarket last time..?
Do we anticipate it's release tomorrow..?
Here's the last report released on 031617:
Progressive Care Increases Revenue by 36% for February 2017 Press Release | 03/16/2017
MIAMI, March 16, 2017 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTC PINK:RXMD), through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), and 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 continued growth during February 2017.
PharmCo continues to deliver year over year growth, filling over 16,500 prescriptions and garnering revenues of $1.5 million for the month, which is a 36% increase over the same month last year. Prescription counts remained flat, caused mainly by the shortened month when compared to leap year last year.
The Company is in the middle of what is commonly called “deductible season” where costly health care decisions are deferred until after deductibles are met for the year. During this period, typically the first quarter of the year, new prescriptions therapies are lower when compared to the rest of the year.
Progressive Care is working to develop Smart Medical Alliance and its 340B program offerings. Smart Medical Alliance has added over 4,000 patients under management since inception in October 2016. Smart Medical is in the process of acquiring Management Services Organization (MSO) contracts with certain third party payors, which will increase the number of clinics to which it can provide service as well as increase the value of services provided.
Over the past three months, the PharmCo’s 340B Program division became the preferred pharmacy provider for Empower U, which has increased the number of 340B patients serviced by PharmCo by 450%. The Company also contracted with Community AIDS Network to be a pharmacy provider for both of their locations in Miami-Dade County.
“We continue to post solid results during this first quarter,” stated S. Parikh Mars, CEO. “The 2016 Annual Report is nearing completion and we are working diligently on our development initiatives for the year. We are seeing growth from Century Village, Smart Medical Alliance and our 340B Program. Our Community AIDS Network engagement begins April 1 and we are looking forward to growing our 340B services throughout the year. We have many opportunities presenting themselves and we are excited to navigate these new areas of advancement.”
About Progressive Care
Progressive Care, Inc. (OTC PINK:RXMD), through its subsidiary PharmCo, LLC, is 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.
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
OK... I see the last report...
Next one today or tomorrow...
Should be better than ever...
Will it be today or premarket tomorrow..?
Progressive Care Increases Revenue by 36% for February 2017Press Release | 03/16/2017
MIAMI, March 16, 2017 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTC PINK:RXMD), through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), and 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 continued growth during February 2017.
PharmCo continues to deliver year over year growth, filling over 16,500 prescriptions and garnering revenues of $1.5 million for the month, which is a 36% increase over the same month last year. Prescription counts remained flat, caused mainly by the shortened month when compared to leap year last year.
The Company is in the middle of what is commonly called “deductible season” where costly health care decisions are deferred until after deductibles are met for the year. During this period, typically the first quarter of the year, new prescriptions therapies are lower when compared to the rest of the year.
Progressive Care is working to develop Smart Medical Alliance and its 340B program offerings. Smart Medical Alliance has added over 4,000 patients under management since inception in October 2016. Smart Medical is in the process of acquiring Management Services Organization (MSO) contracts with certain third party payors, which will increase the number of clinics to which it can provide service as well as increase the value of services provided.
Over the past three months, the PharmCo’s 340B Program division became the preferred pharmacy provider for Empower U, which has increased the number of 340B patients serviced by PharmCo by 450%. The Company also contracted with Community AIDS Network to be a pharmacy provider for both of their locations in Miami-Dade County.
“We continue to post solid results during this first quarter,” stated S. Parikh Mars, CEO. “The 2016 Annual Report is nearing completion and we are working diligently on our development initiatives for the year. We are seeing growth from Century Village, Smart Medical Alliance and our 340B Program. Our Community AIDS Network engagement begins April 1 and we are looking forward to growing our 340B services throughout the year. We have many opportunities presenting themselves and we are excited to navigate these new areas of advancement.”
About Progressive Care
Progressive Care, Inc. (OTC PINK:RXMD), through its subsidiary PharmCo, LLC, is 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.
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
Thanks Serb...
Did they release it pre-market or later in the day..?
Serb... do you think we'll get the report today..?
Yep... UP 20% now...
Just the start of the green wave to come...
$ ONCI. BMIC was doing junk today but # 38 finished him off and i dont expect him to be back this week as the Earning Report should be out tommorow and if its close to what is expected then ONCI should be headed toward Penny Land.
https://ih.advfn.com/stock-market/USOTC/on4-communications-inc-ONCI/trades
GO > $$$$$$$$$$$$$$$ TIME TO GET UR DONE $$$$$$$$$$$$$$$$ ONCI
Yep Hemp... Lock up them shares my friend...
RXMD OTCQB: Record Sales! Expansion! Uplisted! Small Preserved SS! 14 State Licences!
Yep... Do it today folks...
Always, always, always set a high price when you post sell order on RXMD after you buy..! My sell price is $2.88 for 2018.
Right we are John...
Exactly. This will bounce right back. Today’s action is precisely why those who can manage to NOT panic and hold tight will make the BIG money here and those who sold just cut off their own nose. Amateur!
Back UP we go...
Agreed, it's like watching lemmings charge off a cliff.
Well, my shares are safe and sound, waiting for February revenues, RXMD's presentation at that NY investors' conference, and (the biggest news) their release of their second year of audited financials. Institutional investors are going to jump on RXMD!
Agreed John...
Just loaded another 100K.
Projecting .35 by eom...
RXMD GOLD
Just when I think I’ve witnessed the DUMBEST things I’ve ever seen, something else tops it. Now, TODAYS selling for absolutely nothing is now officially the DUMBEST thing I've ever seen, lol.
YEPPERS... HEADING BACK UP...
Close over 24 by eod...
The biggest catalyst of the bunch is the upcoming announcement of a SECOND year of audited financials! Not only will it allow RXMD to use traditional financing methods for their future expansion efforts, but institutional investors will start pulling the trigger on RXMD! That is huge!
Anyone selling today is missing out on so much profit at the end of this month. SMDH
Wrong... Just added another 100K...
I'm sure I'm not the only one adding RXMD today...
RXMD price target $.35 by eom...
I watched clays video...
He said nothing about it dropping...
RXMD price target $.35 by eom...
Stop lying stylez...
Don't believe a word you say...
RXMD price target $.35 by eom...
Right you are Serb...
CBD + HEMP! = RXMD
RXMD price target $.35 BY EOM...
Yep... RXMD coming right up...
2018 RXMD Strategic Goals
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
Bravatek/AmbiCom JV to unveil field-tested Consumer Optimization Software Product
Wed March 14, 2018 8:00 AM|GlobeNewswire|About: BVTK
GlobeNewswire
AUSTIN, Texas, March 14, 2018 (GLOBE NEWSWIRE) -- Bravatek Solutions, Inc. (BVTK) (“Bravatek” or the “Company”) announces that it will distribute through its Joint Venture (“JV”) with AmbiCom Holdings, Inc. (“AmbiCom”), a patented, field tested optimization software product for the expansive consumer market.
Dr. Thomas A. Cellucci, Bravatek’s Chairman and CEO, commented: “Our Joint Venture now allows us to rapidly not only add products and capabilities into our existing markets, but now to generate new, even larger prospective consumer markets."
AmbiCom has developed a software optimization program that improves the performance of servers and workstations through the automatic evaluation and adjustment of the manufacturers’ supplied settings. This patented software application has been certified by Microsoft, IBM, VMware and Citrix in independent evaluations and represents over $12 M in previous product development investment.
We are rapidly building our JV website to sell the cloud based optimization application for consumers. It tunes individual PCs running the Windows operating system. The front end runs a website that users can join, try the software, and then pay for it by their credit card. The website links to a cloud based back end that does the actual tuning of the PC. When the front end sends the request to the backend engine, a token is passed that identifies the individual user. The backend performs its functions, and by the use of specialized APIs, specific performance data is passed back to the front end for display to the customer. Users can compare their performance levels of the pre and post optimized conditions.
Mr. Kevin Cornell, CEO of AmbiCom, commented: “We have already field-tested this software with consumers and expect product release within three weeks or less at a very affordable price to consumers. Based on our previous sales results for this type of software, we anticipate achieving at least $ 2 M in sales for 2018. We believe that every consumer has the right to have their PC operating at its peak performance.”
About Bravatek Solutions, Inc.
Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems.
For more information, visit www.bravatek.com
About AmbiCom
AmbiCom specializes in a Software Optimization program currently being utilized in over 4,000,000 servers and computers worldwide.
For more information, visit www.ambicom.com
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "goal," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this news release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Media contact:
Bravatek Solutions, Inc.
media@bravatek.com
1.866.490.8590
Source: Bravatek Solutions, Inc. 2018 GlobeNewswire, Inc.
Yep... Everything's lining up for Boom Time Mary...
CONVERSATION WITH ONCI CEO STEVE BERMAN 2/26/18
I managed to get in touch with ONCI CEO Steve Berman for a brief chat about some of the current questions that have come up of late. He was kind enough to take time out of his busy schedule (he was between meetings when we spoke) and shared as much info as he could in the time we had.
I want to preface this by saying that SB is a hardworking, passionate CEO who is working toward a goal of great success. This is the first time we've spoken at length and it made me realize that not only are we fortunate to have such a smart, savvy, articulate captain driving the ship, but we as shareholders (despite the countless hours of DD and gross assumptions we pour into ONCI), only the man and his team really know exactly what is happening behind the scenes. Hopefully some of what I report will clear things up.
PAST RELATIONSHIP WITH TXTM AND DRIVEALERTNOW
As we know, SB used to work for Protext Mobility (TXTM). Before Steve was on board, TXTM formed a licensing deal with DriveAlertNow to bring public awareness and a potential solution to the distracted driving epidemic. SB was then brought on board, as his years of marketing and sales experience seemed a natural fit to bring this 'solution' to the masses. However once SB began settling into his position, he came to realize that there were inherent problems, both with TXTM's dealings with DriveAlertNow and with the APP itself. The most complicated hurdle was that the software was programmed exclusively for android use, making it a very difficult sell. During this time, SB formed a relationship with Cogosense. and decided bringing them public through the ONCI shell made for a much better career opportunity. Three years ago he recognized the growing epidemic of distracted driving and wanted to be at the forefront in providing a solution. It was the right move given the immediate success he's found with Cogosense's products.
BIG AUTO
SB is still actively pursuing a deal with Big Auto. All previously discussed opportunities are still on the table and are being worked on. He said that working with such big corporate entities takes a great deal of time for various reasons, the biggest of which is the vetting of the technology. Each wants to see how this patented technology will best suit an integration into their own tech. Lofty requests have been made for changes, all of which are taking a lot of time and energy for Cogosense's programmers. BMW requested that the tech operate in 7 languages, for instance. This is no small feat. But it is being done. The opportunity is there and the timing is right to make something happen, and the ONCI team is doing everything they can to make it happen.
DEALERSHIPS
Sales to dealerships have been the immediate and most lucrative source of revenue for the company. SB saw this as his initial starting point for sales and has not let up for one moment. Not only have there been many 6 and 7-figure sales to dealerships, but he was quick to point out that retail sales have been VERY STRONG and that he is beginning to see increased orders and reorders. The dealerships LOVE the product, with many communicating details of the technology and its strong sales to their corporate HQ's. He's hopeful that their continued support will continue to bring further interest to Big Auto.
One thing he mentioned was that the managers of the some dealerships have complained about shareholder calls, some of which have been harassing in nature. This puts SB in a difficult spot, as he's trying to appease shareholders by being specific with names. However this is resulting in a strained relationship with SB and some of his clients. IMO--it's in our best interests as shareholders to keep our vetting to a professional level, if at all.
OTHER SALES
At this moment, ONCI has 37 independent sales reps with a clientele list suited for pitching our distracted driving technology to. This does NOT include any reps working for the (announced) distributors we hired: Capoli, US Warranty, Scully Lemoine, and Cataclean. These companies have units and literature and are currently 'pounding the pavement'. Of the 37 independent reps, ALL are commission based and YES, they are currently selling Bsafemobile to their accounts. The company is seeing many 'smaller' orders which SB noted are adding up. SB also noted that he's working with them toward an initial minimum goal of just 20 units per rep per month, which is a very plausible scenario. Think about it: that's over 8,000 units a year just in small orders. And this is a starting point.
SB also mentioned that there's a distributor in place with strong relationships with major retailers. He's very excited about this opportunity and sees this as a gateway to bring BsafeMobile to the mass market.
AMAZON
As we know there is a 3P seller on Amazon selling Bsafemobile. He is a former dealership employee who had a few units in his possession when he left his position. SB cannot list Bsafemobile as he will need to match this person’s pricing and cannot do that as he is vigilant in maintaining the integrity of the retail price in the marketplace. SB has purchased three units from this person himself and feels his supply is nearly exhausted. Once this person is out of stock, ONCI will begin selling on Amazon with an already-in-place promotional push from FLY.
LAW OFFICE
The Florida law office represents over 250 dealerships and has been actively taking orders for Bsafemobile. SB said the venture is a strong one and with continued support of the firm, monthly revenues will continue.
DENTAL
Currently exploring various non-dilutive funding opportunities to close on the acquisition, and begin rolling out the mobile-care business. He noted that most of the company's current income is being used to further develop the bread-winning Cogosense division of the business at this time.
MJ
Vetting companies as I write this. Issue is many businesses are not fully and properly licensed for all aspects of the business he is trying to establish.
T-TRADES & DILUTION
I asked specifically about dilution and he stated yet again to me that up until recently there has only been dilution to satisfy the LAM debt, which was reported on the annual. Since then, there has been VERY LITTLE dilution, which is being used solely for operating expenses, such as commission payments to the reps and legal fees.
As for T-trades, he said that in this instance we are seeing trades from a specific brokerage (I did not write it down and cannot recall which one it was) that are taking large buy orders from clients requesting a specific price. This large HUB brokerage then sends the order out to their smaller satellite or SPOKE brokerages that then record the buy and send back into the main ‘HUB’. The main HUB accumulates all the small orders from the smaller satellites and prints it as one large trade, or T-Trade at the end of the day. He assured me that despite all the crazy theories being touted, that he has nothing to do with the large T-Trades and that the dilution is minimal.
HEXAGON/DE/AUDIT
The $25,000 question. SB told me what he could and definitely cleared up any concerns I had. YES, the audit will happen. YES we will be Hexagon. YES DE debt will be cleared. Although the DE debt exists, it is MUCH LOWER than anyone knows or assumes it to be. SB feels that the former owners should be responsible for settling it and is legally pursuing this avenue. He said the total DE debt will be revealed on the 3/15 Q1 and again, will be MUCH lower than anyone thinks. But this is only ONE of the issues affecting the audit.
When MAZARS (He reiterated that it’s a 100% bona-fide a REAL letter) started the audit, there was the necessity of obtaining various legal documents from the former shell owners. All of which the owners are hesitating to provide due to the fact that they would accrue a variety of costs and expenses, including responsibility for the now infamous DE debt. Again, SB is legally pursuing this matter and will not let up until MAZARS is satisfied. Once the issues with the former owners and DE is fulfilled, MAZARS can complete the audit and ONCI can become HEXAGON.
That’s all we had time for but I think it clears up a good portion of what we are concerned about. On closing, despite the hours of DD I’ve put into researching ONCI, I was filled in on a LOT of info I did not know. Keep this in mind when others tout details they could not possibly know without being a part of the company.
SB is a very smart, aggressive Long Islander with an undying passion for building his business. At the end of the day, he’s the one you want running this company.
GLTA
Yep...
YIELD SIGN GONE Just like Steve said it would be!!!
Now it's a green light all day long...
No deep insights from clay... Might be helpful to some folks although I believe he's been off a number of times with RXMD... Carry on...
Right you are my friend...
My educated guess is we blow through .35 by eom...
Today we saw what the market makers are capable of on a day without news. We have by no means lost momentum here, because as soon as we get news this week and the weeks to come.... We should blow through .26 without a problem and then the .30 mark next! Stay positive. RXMD has yet to let us down. Remember we have huge news coming with the second audit report and the February numbers rt around the corner...