INVESTORS' PRESENTATION OverviewNews Events & Presentations Financials Governance Stock Resources Progressive Care Cancels Reverse Stock Split MAY 27, 2021 MIAMI, FL – May 27, 2021 – Progressive Care Inc. (OTCQB:RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, announces that the Company’s board of directors (the “Board”) has decided not to move forward with the reverse stock split previously authorized by the Company’s stockholders in December of 2020. The Company had intended to effect such reverse stock split in connection with listing on a national stock exchange and enable the company to raise funds to finance growth as well as facilitate higher levels of institutional ownership where investment policies prohibit investments in lower priced securities. While the Company is continuing its work towards becoming an SEC-reporting issuer and being listed on a national exchange, given the market conditions and timing, the Board has determined that it was not the appropriate time to conduct a reverse stock split. "When we were asking our shareholders to approve the reverse stock split, it was on the understanding that the market conditions would need to be right, and such reverse stock split would allow us to list on a national exchange. Given present market conditions and the pending expiration of the Board’s authority to approve such reverse stock split, we believe this is not the right time. Nevertheless, we will continue our focus on completing our uplist to a national exchange and execution of our business plan,” said Alan Jay Weisberg, CEO and Chairman of Progressive Care. For more information about Progressive Care, please visit the company’s website. Connect and stay in touch with us on social media: Progressive Care Inc. https://www.facebook.com/ProgressiveCareUS/ https://twitter.com/ProgressCareUS PharmCoRx https://www.facebook.com/pharmcorx/ https://twitter.com/PharmCoRx ClearMetrX https://www.clearmetrx.com/ https://www.facebook.com/clearmetrx/ About Progressive Care: Progressive Care Inc. (OTCQB: RXMD), through its subsidiaries, is a Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long-term care facilities, and health practice risk management. Cautionary Disclosure Regarding Forward-Looking Statements Forward-Looking 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. 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. Public Relations Contact: Carlos Rangel carlosr@pharmcorx.com ‍ Investors' Presentation Full overview of RXMD's performance DOWNLOAD NOW CONTACT US: INFO@PROGRESSIVECAREUS.COM COMPANY OVERVIEW NEWS STOCK INVESTOR'S FAQ CONTACT US PRIVACY POLICY ACCREDITED AS SEEN ON COPYRIGHT 2020 © PROGRESSIVE CARE INC. FORWARD-LOOKING STATEMENTS – CERTAINSTATEMENTS INCLUDED IN THIS PRESENTATION THAT ARE NOT HISTORICAL OR CURRENT FACTS INCLUDING, BUT NOT LIMITED TO, THOSE RELATED TO OUR FINANCIAL AND BUSINESS EXPECTATIONS AND OUTLOOK, THE IMPACT OF THE EVOLVING AND UNCERTAIN HEALTHCARE ENVIRONMENT, STRATEGY AND GROWTHDRIVERS, UTILIZATION AND PATIENT VOLUME TRENDS, REVENUE VISIBILITY, ANTICIPATEDMEMBERRENEWALS OF GPO PARTICIPATION AGREEMENTS, CROSS AND UPSELL OPPORTUNITIES, ACQUISITIONACTIVITIES AND PIPELINE, REVENUE AVAILABLE UNDER CONTRACT, PURCHASESUNDEROUR SHARE REPURCHASE PROGRAM AND THE FINANCIAL IMPACT OF SHARE REPURCHASES, TAX REFORM AND COST SAVINGS EFFORTS, POTENTIAL DIVIDEND PAYMENTS, AND2020 FINANCIALGUIDANCE AND RELATED ASSUMPTIONS ARE “FORWARD-LOOKING STATEMENTS” WITHIN THE MEANING OF THE FEDERALSECURITIES LAWS. FORWARD-LOOKING STATEMENTS MAY INVOLVE KNOWNAND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT MAY CAUSE THE ACTUAL RESULTS TO BE MATERIALLY DIFFERENT FROM HISTORICAL RESULTS OR FROM ANY FUTURE RESULTS OR PROJECTIONS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. ACCORDINGLY, READERSSHOULD NOT PLACE UNDUE RELIANCE ON ANY FORWARD LOOKING STATEMENTS. READERS ARE URGED TO CONSIDER STATEMENTS IN THE CONDITIONAL OR FUTURE TENSES OR THAT INCLUDE TERMS SUCH AS “BELIEVES,” “BELIEF,” “EXPECTS,” “ESTIMATES,” “INTENDS,” “ANTICIPATES” OR “PLANS”TO BEUNCERTAINAND FORWARD-LOOKING.FORWARD-LOOKING STATEMENTS MAY INCLUDE COMMENTS REGARDING THE COMPANY ’S BELIEFS AND EXPECTATIONS AS TO FUTURE EVENTS AND TRENDS AFFECTING ITS BUSINESS AND ARE NECESSARILY SUBJECT TO UNCERTAINTIES, MANY OF WHICH ARE OUTSIDE COMPANY’S CONTROL. YOU SHOULD CAREFULLY READ COMPANY’S PERIODIC AND CURRENT FILINGS WITH THE OTC MARKETS FOR MORE INFORMATION ON POTENTIAL RISKS AND OTHER FACTORS THAT COULD AFFECT THE COMPANY AND ITS FINANCIAL CONDITION OR RESULTS OF OPERATIONS. FORWARD-LOOKING STATEMENTS SPEAKONLY AS OFTHE DATE THEY ARE MADE. THE COMPANY UNDERTAKES NO OBLIGATION TO PUBLICLY UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS. ‍NON-GAAP FINANCIALMEASURES–THIS PRESENTATIONINCLUDES CERTAIN “NON-GAAP FINANCIAL MEASURES” AS DEFINED IN REGULATION G UNDER THE SECURITIES EXCHANGE ACT OF 1934. SCHEDULES ARE ATTACHED THAT RECONCILE THE NON-GAAP FINANCIAL MEASURES INCLUDED IN THIS PRESENTATION TO THE MOST DIRECTLY COMPARABLE FINANCIAL MEASURES CALCULATEDAND PRESENTEDIN ACCORDANCEWITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES. YOU SHOULD CAREFULLY READ PROGRESSIVE CARE’S PERIODIC AND CURRENTFILINGS ON THE OTCQB WEBSITE FOR DEFINITIONS AND FURTHER EXPLANATION AND DISCLOSURE REGARDING OUR USE OF NON-GAAP FINANCIAL MEASURES AND SUCH FILINGS SHOULD BE READ IN CONJUNCTION WITH THIS PRESENTATION.