Progressive Care Inc (RXMD)

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The appointment of Oleg Firer is one of the biggest recent developments for this company. Oleg is an already established NASDAQ CEO and Shital has clearly stated time and time again that his expertise and following will bolster RXMD.

From the last shareholder call in November:

Shital Mars (CEO)

And that’s a really excellent question and I’m going to talk about both of the directors – and the thought process behind both of the new independent directors. And we have known them personally. I have known both of these gentlemen for almost 10 years now. So I have a deep professional respect for what they’re capable of and what they have done for the companies they work for. I’ll talk about Mr. Oleg Firer who is the CEO of Net Element first. The thing that he brings to the table is one, as you mentioned, a great amount of success in acquisitions. And what we hope to get from him is a lot of help and assistance when we start talking about acquisitions of public companies or doing mergers and acquisitions with other companies that have similar valuations to ours. We also know that he provides a great deal of guidance and expertise even when you have M&A deals of smaller acquisitions. But that’s what he brings to the table is the public company and the large acquisition support. The other thing he brings to the table is he has a very broad shareholder base himself. He also has a strong PR presence. He also has a strong Investor Relations presence. And what he has is a tremendous amount of respect in the investment community that we hope that he can now bring to us by bringing our company to the eyes that are already looking at him. And with that respect, hopefully will translate over to us knowing that what he has done for his company, he can help us do for Progressive Care. And so he brings a lot of benefits in that way. And on top of that being incredibly bright, incredibly smart and raising money and working out structures for capital raises and notes and things like that that would be beneficial to us, beneficial to our shareholders. So we’re really excited about Oleg. We know that he’s a tremendous addition to the company.

And with Mr. Jervis Hough who is the Chief Compliance Officer of IFS Securities. Again, he brings a huge following. He’s incredibly vocal and active in his community. He’s vocal and active in a lot of social circles and professional circles. Then he can bring Progressive Care in a lot of – he knows a tremendous amount of investors. He also is exceptionally knowledgeable about municipal securities and the ability to work with governments and municipalities on grants and projects and things that we can work on. And he’s been instrumental in helping us look at developing our own non-profit arm so we can get some government’s work. And so we look to – that’s in his preliminary stages and we’ve had just some initial conversations, he’s brought to the table a lot of really good and exciting ideas for how we can develop our company and take advantage of the programs that are available to companies like ours.