Progressive Care
Ends Agreement with Boustead Securities
MIAMI,
FL. -- January 23, 2018 -- InvestorsHub
NewsWire -- health practice risk
managementand the supply of prescription
medications to long term care facilities, administration and
practice management, utilization management, quality assurance, EHR
Implementation, billing and coding, n therapy management (MTM),
(USOTC:RXMD),
through its subsidiaries Smart Medical Alliance, Inc. and PharmCo,
LLC, is a South Florida health services organization and provider
of prescription pharmaceuticals, compounded medications, the sale
of anti-retroviral medications, medicatioProgressive Care Inc.
(OTCQB:
RXMD) announces that it has terminated its placement
agent agreement with Boustead Securities.
On
January 22, 2018, Progressive Care provided notice to Boustead
Securities to terminate its placement agent agreement. This notice
was submitted as a result of a lack of
progress to secure funding for M&A opportunities. The Company
believes that in order to facilitate its growth objectives, it must
establish a relationship that has better alignment with its goals.
The Company is now seeking a new firm that will be able to find a
strategic M&A opportunity that will act as the vehicle for
listing on NASDAQ.
"Boustead Securities is an
impressive firm with many notable achievements," stated S. Parikh Mars,
CEO. "However, we feel that now is
the right time aggressively pursue our growth an expansion
objectives and to start fresh with a new securities firm. We wish
Boustead Securities and its principles the best of luck and hope
that our paths continue to cross."
About Progressive
Care
Progressive Care Inc.
(OTCQB:RXMD),
through its subsidiaries Smart Medical Alliance, Inc. and PharmCo,
LLC, is a South Florida health services organization and provider
of prescription pharmaceuticals, compounded medications, the sale
of anti-retroviral medications, medication therapy management
(MTM), the
supply of prescription medications to long term care facilities,
administration and practice management, utilization management,
quality assurance, EHR Implementation, billing and coding,
and
health practice
risk management.
Cautionary Statement
Regarding Forward Looking Statements
Statements contained
herein that are not based upon current or historical fact are
forward-looking in nature and constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of
1934. Such forward-looking statements reflect the Company's
expectations about its future operating results, performance and
opportunities that involve substantial risks and uncertainties.
These statements include but are not limited to statements
regarding the intended terms of the offering, closing of the
offering and use of any proceeds from the offering. When used
herein, the words "anticipate," "believe," "estimate," "upcoming,"
"plan," "target," "intend" and "expect" and similar expressions, as
they relate to Progressive Care Inc., its subsidiaries, or its
management, are intended to identify such forward-looking
statements. These forward-looking statements are based on
information currently available to the Company and are subject to a
number of risks, uncertainties, and other factors that could cause
the Company's actual results, performance, prospects, and
opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements.
Contact:
Armen
Karapetyan
Senior Advisor
Business Development
armen@progressivecareus.com