Subject: RXMD Continues Impressive Growth Moves to Newly Purchased Building

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RXMD Continues Impressive Growth Moves to Newly Purchased Building
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Company: Progressive Care Inc. (OTCQB: RXMD)


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Price: 0.0698

Change (%): - 0.0002 (0.29)

Volume: 17,260
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Progressive Care Inc. Officially Moves to Newly Purchased Building

MIAMI, April 04, 2019 (GLOBE NEWSWIRE) — Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, announced today that it will be moving into their new facility located at 400 Ansin in Hallandale Beach, FL on Friday April 5, 2019.

In October 2018, Progressive Care executed the Agreement to purchase an 11,000 square foot property (the “Property”) in Hallandale Beach, Florida for $1,800,000 USD. The light distribution building has many of the necessary features including parking, zoning, structural integrity, and modern equipment necessary to accommodate the Company’s needs. The Company plans to procure architectural plans and apply for the necessary permits to begin restructuring the floor plan to be more conducive to an industrialized pharmacy workflow.

“This move will eliminate one of our current auxiliary lease payments, saving us $1,500,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc “Once the corporate office move is complete, the company will begin architectural design and pulling permits to begin construction on the ground floor pharmacy space.” The new space will ultimately house PharmCo’s Miami operations and accommodate long term growth and development.

“This move is a testament to the Company’s growth this year,” said S. Parikh Mars. “We are about to embark on a new chapter of our development. As owners of our own space, we cement our standing in the South Florida community while also planning and preparing for our future.”

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