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Praxsyn Corporate Update

Corporate Developments and Future Plans

SCOTTSDALE, Arizona — May 20, 2021 (Issuewire.com) — Praxsyn Corporation’s (OTC: PXYN, the “Company”) subsidiary, Mesa Pharmacy, Inc., through its attorneys, had filed a Petition for Reconsideration of the Findings of Fact and Opinion on Decision regarding its pending litigation in California before the Workers’ Compensation Appeals Board.  The Company is still currently awaiting a ruling on the Petition for Reconsideration.  However, notwithstanding the current lack of receipt of the ruling on the Petition for Reconsideration, the Company is proceeding with the preparation of an appeal to the California Courts of Appeal should the Petition for Reconsideration ultimately be denied.

About Praxsyn Corporation

Headquartered in Scottsdale, Arizona, 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.praxsyn.com.

Forward-Looking Statement This Press Release contains forward-looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering a new business, anticipated sources of funds, including proceeds from future operations and plans, objectives, expectations, and intentions contained in the Press Release that are not historical facts such as “estimated gross”…prospective resources, total potential revenue, substantially exceeds, etc. “Because these forward-looking statements involve risk and uncertainties, actual results could differ materially from those discussed in this Press Release.

Categories
News Updates

Corporate Developments & Future Plans

MESA PHARMACY, INC.

SCOTTSDALE, Arizona, April 19, 2021 (ISSUEWIRE) – Praxsyn Corporation’s (OTC: PXYN, the “Company”) subsidiary, Mesa Pharmacy, holds medical receivables that are currently subject to litigation in California before the Workers’ Compensation Appeals Board. Mesa Pharmacy, through its attorneys, has filed a Petition for Reconsideration on the Findings of Fact and Opinion on Decision. The Company is now awaiting a ruling on the Petition for Reconsideration. 

You can find the official press report here: https://www.issuewire.com/corporate-developments-and-future-plans-1697504834375653

About Praxsyn Corporation

Headquartered in Scottsdale, Arizona, 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.praxsyn.com.

 

Categories
News Updates

Structural Change – Shareholder Update

PRAXSYN CORPORATION

SCOTTSDALE, Arizona, February 22, 2021 (ISSUEWIRE) – Praxsyn Corporation (OTC: PXYN, the “Company”) and Frank Brady, its former Chief Executive Officer have settled the outstanding litigation with the U.S. Securities and Exchange Commission (SEC). See the SEC’s litigation release on this matter:  https://www.sec.gov/litigation/litreleases/litrelarchive/litarchive2020.htm (Litigation Release No. 24807 (April 28, 2020)). As a consequence of the settlement of this SEC complaint, Frank Brady resigned from the Board of Directors and as CEO.  In connection with Mr. Brady’s resignation, Daniel Oswald was appointed Interim CEO of the Company. All other remaining members of the Board of Directors have since resigned. Since his appointment, Mr. Oswald has been assessing the current state of the Company, and we plan to provide further updates for our shareholders over the next several months. The official announcement can be found here: https://www.praxsyn.com

About Praxsyn Corporation

Headquartered in Scottsdale, Arizona, 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.praxsyn.com.

Forward Looking Statement This Press Release contains forward-looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering new business, anticipated sources of funds, including proceeds from future operations and plans, objectives, expectations and intentions contained in the Press Release that are not historical facts such as “estimated gross”…prospective resources, total potential revenue, substantially exceeds, etc. “Because these forward looking statements involve risk and uncertainties, actual results could differ materially from those discussed in this Press Release.

Contact: Daniel Oswald, CEO

PRAXSYN CORPORATION

7904 E CHAPARRAL RD STE A110-210

SCOTTSDALE AZ 85250