Replies to post #122385 on Progressive Care Inc (fka RXMD)

[Jimmy Quick]

Comment during 1st Quarter conference call May 2019

During a discussion in regards to SG&A fees been flat for the quarter, Ms. Mars, CEO states.

"We do not want to increase SG&A costs in Progressive Care as much as we can, although changes in our listing tier may alter that." ...Long list of things we need to do this year!

Updates on FPRX

We are doing an observed inventory count, again preparing for audits on FPRX, and that is in preparation for going back fully reporting with SEC, and we need to do 2 years of audits for FPRX, first part of that is observed inventory counts for Orlando and Davie locations. [We know this part was completed by June 3rd]

Other Comments as well.
Going to piggyback on our brand and reputation, we are in the top 10% in the nation, that's the reason we are growing, that's the reason we are thriving. FPRX doesn't have a high concentration of Humana patients right now, which opens the door for us to go market to those insurance companies and obtain a large number of clients and patients.

The 340B plan managers eyes open wide when we tell them we will be online in Orlando in 2 months, and tell us please get online immediately and sign up on website as soon as you able.

Orlando area insurance contracts present themselves differently than the South Florida contracts, they pay better rates.

With FPRX addition, Now we become a more attractive option for a partnership or a merger, or for something of that sort. Also able to negotiate better arrangement with our primary wholesalers, 340B entities, insurance companies.

Pharmco 1002 should be profitable by end of summer, so now we will have all 3 entities (FPRX, Pharmco 1002, Pharmco 901)profitable by the end of the summer, although there will still be non-cash losses (derivative liabilities)/GAAP disclosures. Being really aggressive in Palm Beach and Miami as well.

Getting more opportunities for DischargeRX, physicians are telling patients to go to PharmcoRX.

A lot of opportunities that we are aggressively pursing this year. We are dedicated to building this business.

Will be hiring a group of sales and marketing that have hospital experience. Message to administrators, stop going to the chains, you are being hit on the back-end with Medicare readmission rates.

We have a bright outlook, we know this is a long-term growth trajectory, and we are pursuing and we know our future is bright. Your investing in a company that is World Class, that your investing a company that means something, that makes a difference, that has standards and is doing the right thing. We care about our shareholders and we care about everybody else. And we will be as judicious as we possibly can be with how we use our share structure. We will be setting a date for a shareholder meeting. Hope you all can come and we can all have a substantive conversation about the future of ProgressiveCare and what opportunities are out there and we can make a decision as a Team and a shareholder family.