WEST PALM BEACH, Florida, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Praxsyn (OTC:PXYN, the “Company”) is pleased to announce that it is currently processing portfolios for funding with its funding partner and the first is already in underwriting, with another expected to follow in approximately ten days; projected revenue to Praxsyn on these portfolios exceeds $500,000.
Frank Brady, the Company’s CEO stated, “These new portfolios should generate substantial revenue this quarter, with more to follow.” He continued, “2019 was a difficult year, obtaining a funding partner, ironing out bugs with process and personnel, but now it seems that our systems are in place and we plan to grow revenue at a rapid pace into 2020 and beyond.”
About Praxsyn Corporation
Headquartered in West Palm Beach, Florida, Praxsyn Corporation works to realize the vision of medical professionals to improve the lives of their patients. Additional company information can be found at www.praxsyncorp.com.
With a mid-market private equity firm that invests in growth companies, recapitalizes or backs new executives.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to many risks and uncertainties. Forward-looking statements include, among other things, statements regarding our intentions, beliefs, projections, outlook, analyses or current expectations. Such risks and uncertainties include, among others, the inherent uncertainties associated with developing new products or technologies, regulatory approvals, unexpected expenditures, the ability to raise the additional funding needed to continue to pursue Praxsyn's business and product development plans and overall market conditions. These forward-looking statements are made as of the date of this press release, and Praxsyn assumes no obligation to update the forward-looking statements.
We may use terms such as “projects,” “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “approximately,” or other words that convey the uncertainty of future events or outcomes to identify these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained herein, we caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from the forward-looking statements contained in this press release. As a result of these factors, we cannot assure you that the forward-looking statements in this press release will prove to be accurate.
Investor Contact:
TEN Associates LLC
Tom Nelson
480.326.8577