Progressive Care, Inc. and PharmCo, LLC announced that it has hired Mr. Vernon Watson as Chief Executive Officer and Ms. Shital Parikh as Chief Operating Officer, effective August 27, 2012. Ms. Parikh was also appointed to the board of directors of Progressive Care at meeting held on August 24, 2012. Mr. Avraham Friedman, the company's former CEO, will remain Chairman of the Board and assume the role as the Company's Chief Compliance Officer.

Progressive Care believes that the addition of new management will bring it new energy and ideas, as well as help it to accomplish the goals set in the Company's business plan. Mr. Watson brings over fifteen years of professional experience and leadership in healthcare to Progressive Care, Inc. Much of his expertise is in catering to the specific needs of individuals infected and affected by the HIV/AIDS epidemic. He is a leader in sales and operations in his field.

As the former Regional Sales Manager for MOMS Pharmacy in Melville, New York, he helped increase the company's sales and market share from New York to the tri-state area and Florida. He has become an expert in the field of treatment adherence and understands how the HIV/AIDS virus affects people's lives. As he takes on the new challenge of being the Chief Executive Officer of Progressive Care, it is expected that Mr. Watson's expertise will help the Company surpass previous benchmarks and make it a stable force in providing unique services to the community, including treatment to persons living with HIV and AIDS.

Ms. Parikh has been a vital consultant to the company for the past three years. As President and CEO of Spark Financial Consulting, Ms. Parikh provided business development consulting services in which she advised the Company on human resources, financial reporting and transactions, operations, compliance, SEC filings, and investor relations, among other things. Ms. Parikh was also the Chief Operating Officer of Basis Financial.

Her experience in the financial services industry centers on operational management, preparation and submission of financial statements, mergers & acquisitions, securities offerings, SEC reporting, due diligence, compliance, and regulatory audits. Ms. Parikh currently maintains 8 securities license registrations including the Series 7, Series 66, and Series 24. Her managerial expertise has been invaluable as a consultant and is expected to be a tremendous asset as Chief Operating Officer of the company.