Progressive Care Inc (fka RXMD)

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The Progressive Care Transaction

Transaction Highlights:

Investment to accelerate Progressive's digital
healthcare transformation and launch of a
global e-commerce platform for new
healthcare and lifestyle products

Management to leverage its 30+ years'
experience and expertise in healthcare and
technology to create value

Long-term commitment through personal
investments

Strategic Investment into the Recapitalization
of Progressive Care Inc. (OTC: RXMD):

$6 million purchase of Units

$2.3 million purchase of convertible debt
(5% interest)

$40 million in revenue in 2021

Provides prescription pharmaceuticals
and contracted pharmacy services
directly to consumers, long-term care
facilities as well to 340B covered entities
in underserved or vulnerable
communities in 13 states

Charles M. Fernandez named Chairman,
Rodney Baretto named Co-Vice Chair

$RXMD