Effective January 17, 2013, Progressive Care, Inc. announced that Mr. Vernon Watson resigned from his position as the Chief Executive Officer of the company. Effective January 21, 2013, Mr. Avraham Friedman resigned from his position as Chairman of the Board of Directors of the company. Mr. Friedman will remain as the company's Chief Compliance Officer.

Effective January 22, 2013, the Board approved by unanimous written consent the appointment of Mr. Alan Jay Weisberg as the company's Interim Chief Executive Officer and Chairman of the Board. Mr. Weisberg has been a member of the Board and has served as Chief Financial Officer of the company since October 2010.