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Progressive Care Appoints Oleg Firer as an Independent Board Member

MIAMI, Sept. 25, 2017 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTC PINK:RXMD), through its subsidiaries is a leading regional health services organization, provider of pharmaceuticals, anti-retroviral medications, medication therapy management (MTM), billing and coding services, health practice risk management and administration, announced today that Oleg Firer has been appointed as an independent board member to the Progressive Care’s Board of Directors effective October 1, 2017.

Mr. Firer is an experienced leader and a visionary with the knowledge in corporate transactions, financial services, wireless technology and logistics. Mr. Firer currently serves as the Chief Executive Officer and Director of Net Element, Inc. (NASDAQ:NETE), global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment. Prior to Net Element, Mr. Firer served as the Executive Chairman of Unified Payments and has led the company from its inception until its acquisition by Net Element in April of 2013. Under his leadership, Unified Payments' revenues grew by 23,646% over a 3-year period and Inc. Magazine ranked the company as #1 fastest-growing company in 2012. Prior to Unified Payments, Mr. Firer held senior executive positions in private equity, payment processing, wireless communications and technology companies. Mr. Firer was recognized by Forbes as one of the 5 Incredible Entrepreneurs and by Business Leader Magazine as a Top Entrepreneur in South Florida, named by Poder Magazine as one of the Most Influential People in Miami and recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Mr. Firer is a board/advisory member of various companies including: E2Exchange, Star Capital, SarTeleMed and InList. Mr. Firer also holds a diplomatic rank of the Ambassador Extraordinary and Plenipotentiary.

“I am very excited to be working with the Progressive Care team,” commented Oleg Firer. “Progressive Care is a rapidly growing company and I look forward to contribute in a meaningful way to the company’s growth and evolution.”

“We have known Mr. Firer for over 10 years,” stated S. Parikh Mars, CEO. “Mr. Firer has exemplary credentials as executive management and leader of public companies. His expertise in corporate transactions and financial services will be extremely valuable in navigating the growth and expansion of the company to new levels. We are excited that he accepted our offer to become a member of the board.”

About Progressive Care
Progressive Care, Inc. (OTC PINK:RXMD), through its subsidiaries Smart Medical Alliance, Inc. and PharmCo, LLC, is a South Florida health services organization and a leading regional provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, utilization management, quality assurance, billing and coding, health practice risk management, and the supplier of prescription medications to long term care facilities. Further information is available at www.progressivecareus.com.

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

Source:Progressive Care, Inc.