MIAMI, Oct. 30, 2018 (GLOBE NEWSWIRE) — Progressive Affliction Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a alone healthcare casework and technology company, today appear that through its accessory Pharmco, LLC, it has entered into absolute acceding (the “Agreement”) to acquirement a acreage in Broward County, Florida that will bifold as the new accumulated address and as a retail pharmacy. This third area will facilitate the Company’s advance by accretion the Company’s pharmacy operations in the South Florida region.
On October 25, 2018, Progressive Affliction accomplished the Acceding to acquirement an 11,000 aboveboard bottom acreage (the “Property”) in Hallandale Beach, Florida for $1,800,000 USD. The ablaze administration architecture has abounding of the all-important appearance including parking, zoning, structural integrity, and avant-garde accessories all-important to board the Company’s needs for connected growth. Aloft closing (the “Closing”), the Aggregation affairs to annex architectural affairs and administer for the all-important permits to activate restructuring the attic plan to be added accessory to an automated pharmacy workflow. The Closing is accepted to action pursuant to the achievement of accepted closing conditions.
The Acceding calls for payments to be fabricated at Closing to the sellers in the anatomy of a convertible promissory agenda for $300,000 anchored by the Acreage and $1.5 actor in banknote to be financed through a acceptable bartering mortgage for the absolute acquirement amount of $1,800,000, which is in accession to mortgage alpha fees, absolute acreage commissions, and added costs associated with the purchase.
“This Acceding is a attestation to the Company’s advance this year,” said S. Parikh Mars, Chief Executive Officer of Progressive Affliction Inc. “We are about to commence on a new affiliate of our development. As owners of our own space, we adhesive our continuing in the Hallandale Beach, Florida association while additionally planning and advancing for our future.”
The new ability will become the flagship ability which will board for retail, continued appellation care, mail adjustment pharmacy operations as able-bodied as the accumulated headquarters. This acquirement is advancing at a time back the accepted 5,000 sq. ft. North Miami Beach ability is extensive accommodation and the Aggregation has had to charter accessory appointment amplitude to board authoritative and accounting staff. The accretion of the acreage will accompany the absolute cardinal of PharmCo locations to three, accretion our geographic brand in South Florida.
For added advice about Progressive Care, amuse appointment the Company’s website.
Connect and break in blow with us on amusing media:
Progressive Affliction Inc.https://www.facebook.com/ProgressiveCareUS/https://twitter.com/ProgressCareUS
About Progressive Affliction Inc.Progressive Affliction Inc. (OTCQB: RXMD), through its PharmCo, LLC, is a South Florida bloom casework alignment and provider of decree pharmaceuticals, circuitous medications, provider of tele-pharmacy services, the auction of anti-retroviral medications, medication analysis administration (MTM), the accumulation of decree medications to continued appellation affliction facilities, and bloom convenance accident management.
Cautionary Statement Apropos Forward Looking StatementsStatements independent herein that are not based aloft accepted or absolute actuality are advanced in attributes and aggregate advanced statements aural the acceptation of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such advanced statements reflect the Company’s expectations about its approaching operating results, achievement and opportunities that absorb abundant risks and uncertainties. These statements accommodate but are not bound to statements apropos the advised agreement of the offering, closing of the alms and use of any gain from the offering. Back acclimated herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target,” “intend” and “expect” and agnate expressions, as they chronicle to Progressive Affliction Inc., its subsidiaries, or its management, are advised to analyze such advanced statements. These advanced statements are based on advice currently accessible to the Aggregation and are accountable to a cardinal of risks, uncertainties, and added factors that could account the Company’s absolute results, performance, prospects, and opportunities to alter materially from those bidding in, or adumbrated by, these advanced statements.
Investor Relations Contact:Armen Karapetyan, Progressive CareSenior Advisor Business DevelopmentArmen@progressivecareus.comwww.progressivecareus.comwww.pharmcopharmacy.com
Public Relations Contact:Tory Patterson, CMW MediaTory@cmwmedia.comwww.cmwmedia.com
Web and Application Development Contact:Marcello Jaspan, Mass Ventures CorpMarcello@massventurescorp.comwww.massventurescorp.com
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