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Progressive Care, LOI for Accretive Acquisition, Growing Revenue, and Company Outlook

NEW YORK, NY / ACCESSWIRE / March 12, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report with no obligation on Progressive Care, Inc. (RXMD), a company who through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals.

RXMD shares began 2018 at a price of $.014 and have a current price of $.18, a nearly 1300% increase.

The Company recently signed a letter of intent to purchase a pharmacy in Palm Beach County for $300,000. In anticipation of the acquisition, the Company drew down just under $600,000 from its Chicago Ventures funding facility. These funds will allow the Company to close the transaction as well as provide working capital for additional build out and sales ramp up of the new Palm Beach location.

Read more about the LOI acquisition, share price explosion, and 2018 company outlook READ MORE

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In January 2018 RXMD engaged Mass Ventures Corp to initiate a digital marketing campaign for both Progressive Care and PharmCo, LLC. The principle of Mass Ventures will be located on-site to provide real-time updates as needed. The campaign consists of many features including, but not limited to, website upgrades, enhanced and updated content, blog posting, social media development, press release distribution, search engine optimization, etc.

The company announced over $20 million in net revenues for 2017, an 11% increase over 2016, and it filled approximately 225,000 prescriptions in 2017.

Get details of recent company highlights and a financial review in this report READ MORE

Copy and paste to your browser may be required to view the report - https://tradersnewssource.com/progressive-care/

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SOURCE: Traders News Source