Over the past few weeks there have been several opportunities for Progressive Care Inc.’s (OTC.QB: RXMD) CEO S. Parikh Mars to address the goals for the Company as they make their way through 2018 and beyond. On many of those occasions, she let her RXMD investors and shareholders know that they are very serious about moving the Company up to a higher exchange listing like NASDAQ. Here in the summer of 2018 that consistent theme remains as Progressive Care announced the engagement of The Benchmark Company, LLC as a financial advisor as it moves forward with the process of re-registration with the U.S. Securities and Exchange Commission and pursues a listing on a national securities exchange.
The Benchmark Company is an institutional firm with many years of experience working with clients through the uplist process. The firm is very well known for its institutional investor base and research analytics. Their analysts are often featured on major financial news outlets like CNBC. Working together, the companies are aiming to raise $10 million to support and execute Progressive Care’s public company objectives and growth initiatives.
One does not need to read the tea leaves to see what is coming next for Progressive Care as Mars was very clear in recent news. “At Progressive Care we have been actively pursuing an aggressive growth strategy, which includes the stated goal of fully reporting to the SEC and uplisting to a national exchange like NASDAQ. We believe The Benchmark Company will provide us with the guidance, expertise, and access to capital we need to be further successful on all fronts of our development.”
Investors know that this is a marathon and not a sprint, but savvy moves and engagements like this one can speed up the uplisting process dramatically. Furthermore, the engagement of Benchmark allows Progressive Care to focus on what they do best: making the moves necessary to keep them growing as a personalized healthcare services and technology company. With major players like WalMart, CVS and Amazon making moves in the healthcare sector, Progressive Care provides the market penetration in the South Florida markets that make them an enticing option for these powerhouses to take a closer look at. Continued month to month and year to year sales growth coupled with moves like installing the TCGRx Automated Pouch Packaging System at its Miami-Dade County PharmCo location will keep RXMD in the headlines and in the sights of larger national chains for the foreseeable future.
As Progressive Care navigates its way onto a higher exchange, it appears as though operations will not show any signs of slowing. Leaning on the experience of a partner like The Benchmark Company, and keeping a clear focus on operational goals, appears to be a solid recipe for success in 2018.
About the Author
Stuart Smith is the CEO and Founder of SmallCapVoice.com. SmallCapVoice.com. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit https://www.smallcapvoice.com/the-small-cap-daily-small-cap-newsletter/