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NextPlat Announces Completion of Merger and Business Combination with Progressive Care Inc. as Company Focuses on Growth in Healthcare, Technology and Personal Wellness Markets

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Progressive Care Stock to Cease Trading Today, October 1, 2024

COCONUT GROVE, Fla., Oct. 1, 2024 /PRNewswire/ — NextPlat Corp (NASDAQ: NXPL, NXPLW) (“NextPlat” or the “Company”), a global e-Commerce provider, today announced that following shareholder approvals, it has completed the proposed Merger Agreement and Plan of Reorganization (“the Merger”) pursuant to which Progressive Care Inc. (“Progressive Care”), a controlled subsidiary of the Company, has become a wholly-owned subsidiary of the Company (the “Business Combination”). As a result of the Merger and Business Combination, Progressive Care’s common stock has ceased trading on the OTCQB exchange effective today.

“The completion of our merger and business combination with Progressive Care creates a unified company focused on generating continued growth in large domestic and global markets for healthcare services, technology and personal health and wellness. Through the first half of 2024, each of our business operations have successfully generated strong top-line growth and steadily improving operational performance, and through elimination of redundancies, business integration and the launch of new products planned throughout next year, we expect to produce continued improvements in our consolidated financial performance,” said Charles M. Fernandez, Executive Chairman and CEO of NextPlat Corp.

Under terms of the Merger Agreement, Progressive Care shareholders received 1.4865 newly issued shares of NextPlat common stock for each share of Progressive Care common stock they own immediately prior to the effective time of the Business Combination. The exchange of shares was conducted automatically for shares of Progressive Care common stock held in brokerage and retirement accounts. All Progressive Care shareholders who hold physical stock certificates are requested to promptly contact NextPlat’s transfer agent, Equity Stock Transfer, for transfer and delivery instructions. Equity Stock Transfer can be reached at 237 W 37th St, Suite 601, New York, NY 10018 or via telephone at 917-746-4597 and e-mail at info@equitystock.com.

About NextPlat Corp
NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets including technology and healthcare. Through acquisitions, joint ventures and collaborations, the Company intends to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications division offering voice, data, tracking, and IoT products and services worldwide as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care Inc.

About Progressive Care
Progressive Care Inc., through its subsidiaries, is a Florida health services organization and provider of Third-Party Administration (TPA), data management, COVID-19 related diagnostics and vaccinations, 340B contracted pharmacy services, 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.

Forward-Looking Statements
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company’s business and any of its products, services or solutions. The words “believe,” “forecast,” “project,” “intend,” “expect,” “plan,” “should,” “would,” and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including the Company’s ability to launch additional e-commerce capabilities for consumer and healthcare products  and its ability to grow and expand as intended, any of which could cause the Company to not achieve some or all of its goals or the Company’s previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”), copies of which may be obtained from the SEC’s website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.

Media and Investor Contact for NextPlat Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net

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SOURCE NextPlat Corp.

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Kaleidescape Named to Fast Company’s Fourth Annual List of the Next Big Things in Tech

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List Recognizes Groundbreaking Advancements Redefining the Way We Work and Live

MOUNTAIN VIEW, Calif., Nov. 19, 2024 /PRNewswire/ — Kaleidescape, maker of the ultimate movie platform, today announced that it has been named to Fast Company’s fourth annual Next Big Things in Tech list, honoring emerging technology that has a profound impact for industries—from education and sustainability to robotics and artificial intelligence.

This year, 138 technologies developed by established companies, startups, or research teams are featured for their potential to revolutionize the lives of consumers, businesses, and society overall. While not all technologies are available in the market yet, each is reaching key milestones to have a proven impact in the next five years.

Kaleidescape, maker of the ultimate movie platform for residential and marine markets, has been changing the landscape of home theater entertainment experiences for over two decades. As the only digital provider of movies with lossless audio and full reference video, Kaleidescape provides customers with access to thousands of movies, TV series, and concerts for purchase or rent. Recently, Kaleidescape introduced Strato V, the next-generation movie player providing stunning 4K Dolby Vision playback with lossless audio. Strato V works on its own or grouped with Terra Prime movie servers to enable scalability. Kaleidescape is also expanding into commercial cinema, as an alternative content delivery platform, bringing library releases back to the big screen.

“Kaleidescape continues to innovate by bringing to market products that evolve the cinema experience at home and beyond,” said Tayloe Stansbury, chairman & CEO of Kaleidescape. “Kaleidescape’s platform allows consumers to experience a vast array of content in the highest quality, as the director intended, enabling a movie theater-like experience in the home.”

“The Next Big Things in Tech provides a fascinating glimpse at near- and long-term technological breakthroughs across a variety of sectors,” says Brendan Vaughan, editor-in-chief of Fast Company. “Spanning everything from semiconductors to agricultural gene editing, the companies featured in this year’s list are tackling some of the world’s most pressing and vexing problems.”

Click here to see the final list.

About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Brendan Vaughan. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com.

About Kaleidescape (www.Kaleidescape.com)  
Kaleidescape is the ultimate movie platform. Kaleidescape has been designing, manufacturing, and selling state-of-the-art movie players and servers for over 20 years. Kaleidescape digitally delivers movies with lossless audio and reference video. Headquartered in Silicon Valley, Kaleidescape builds its products in the USA. 

CONTACT:
Josh Gershman 
josh.gershman@kaleidescape.com 

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SOURCE Kaleidescape, Inc.

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Payroc Expands Gateway Solution with Hosted Fields, Apple Pay & Google Pay

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Empower your clients with Payroc’s unified payment solutions—offering modern, secure options like Apple Pay and Google Pay alongside Hosted Fields to deliver seamless online checkouts, elevate customer satisfaction, and give you a competitive edge in today’s market.

TINLEY PARK, Ill. , Nov. 19, 2024 /PRNewswire-PRWeb/ — Payroc, a leading payments platform, releases Apple Pay and Google Pay Acceptance, in addition to previously released Hosted Fields. This provides ISVs, sales partners, and their merchants with a fully unified, secure, and streamlined online payment experience.

“Hosted fields and digital wallets build upon our platform to help partners provide merchants with a secure, streamlined, and customer-centric payment experience.”

Payroc’s Hosted Fields enable merchants to accept payments directly on their branded websites or applications without redirecting customers to an external page. By embedding payment fields into the checkout process, merchants can maintain a consistent and seamless customer experience. Additionally, partners can help merchants minimize compliance scope, as Payroc handles PCI requirements and tokenization entirely. With this fully integrated solution, partners can provide merchants with secure, modern payment options that meet customer expectations.

Additionally, the Payroc Gateway has expanded support for Apple Pay and Google Pay to both Hosted Fields and Hosted Payment Pages on the TSYS platform to go along with existing availability on First Data. Along with accepting digital wallet payments in person, merchants can now offer customers a faster, friction-free and more secure online checkout. With this feature, customers can skip manual card entry and complete payments with their saved digital wallet information, on both a mobile device and desktop. Apple Pay and Google Pay require minimal integration for partners using Hosted Fields, while Hosted Payment Pages automatically support these payment options with no additional setup needed.

“At Payroc, our priority is empowering partners and their clients with solutions that create real value,” said Walter Greaney, Vice President of Product Management. “Hosted fields and digital wallets build upon our platform to help partners provide merchants with a secure, streamlined, and customer-centric payment experience.”

Payroc’s new features are designed to offer its partner network high-value, adaptable payment tools that address the evolving needs of today’s market.

For more information on Payroc’s Hosted Fields, and Apple Pay & Google Pay integration, please visit http://www.payroc.com.

About Payroc:
Payroc WorldAccess, LLC is a high-growth merchant acquirer, processor, and payment integrations powerhouse that offers best-in-class sales enablement and payment processing technology on a global scale, delivering proprietary, innovative, and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. Payroc (through its subsidiaries) is a registered Visa third-party processor, a Visa independent sales organization, a Mastercard third-party service provider, a Mastercard member service provider, a payment facilitator, an encryption support organization for Fifth Third Bank, National Association (“Fifth Third”), and, in Canada is registered with Peoples Trust Company, among many others.

Media Contact

Yosselin Nunez, Payroc, 1 (888) 477-4500, yosselin.nunez@payroc.com, https://payroc.com/

View original content to download multimedia:https://www.prweb.com/releases/payroc-expands-gateway-solution-with-hosted-fields-apple-pay–google-pay-302310099.html

SOURCE Payroc

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Spacelift Announces Expanded Ansible Support to Tame Operational and Observability Challenges of Ansible Playbook Execution and Unite Ansible and IaC Automation Workflows

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Platform and DevOps teams with large-scale, complex environments no longer have to struggle with Ansible playbook execution and observability challenges. They can also unite formerly separate workflows for provisioning and configuration management of infrastructure resources, thanks to enhancements to the Spacelift orchestration platform.

REDWOOD CITY, Calif., Nov. 19, 2024 /PRNewswire-PRWeb/ — Ansible is an essential part of infrastructure automation, but managing large-scale playbook execution in complex environments is still challenging. It’s often managed separately from Infrastructure as Code (IaC) provisioning automation, leading to inefficient workflows that slow developer velocity and lack the necessary visibility and control for security and compliance. Today’s updates from Spacelift aim to solve these problems.

These Spacelift updates have transformed this experience, elevating our Ansible operations, giving us real visibility into all of our resources, and a single workflow for our infrastructure automation.

The Spacelift platform now automates the execution of Ansible playbooks, delivers inventory visibility and control over Ansible-managed resources, and links provisioning workflows (Terraform and OpenTofu, etc..) seamlessly with configuration management (Ansible).

New Spacelift Platform Enhancements include:

Playbook Automation: Manage the execution of Ansible playbooks from one central location.Inventory Observability: View all Ansible-managed hosts and related playbooks, with clear visual indicators showing the success or failure of recent runs.Playbook Run Insights: Audit Ansible playbook run results with detailed insights to pinpoint problems and simplify troubleshooting.Integrated IaC & Ansible Workflows: Easily define workflows that combine any flavor of IaC (Terraform, OpenTofu, CloudFormation…) and Ansible to streamline infrastructure provisioning and configuration management.Developer Self-Service: Integrate Ansible playbooks into infrastructure self-service for developers.

“Ansible and IaC have lived in isolated silos, leading to cumbersome infrastructure management workflows and slowing developer velocity,” said Pawel Hytry, co-founder and CEO of Spacelift. “By layering the infrastructure orchestration benefits of Spacelift on top of Ansible, we’re making it easy for platform teams to not only control what is happening with Ansible, but also create a seamless workflow that combines the provisioning power of Terraform, OpenTofu and CloudFormation with the configuration management benefits of Ansible.”

“Ansible is our go-to automation for managing resources after they’ve been provisioned, but it comes with its own set of challenges,” said Jakub Krzemiński, head of DevOps at Synerise. “These Spacelift updates have transformed this experience, elevating our Ansible operations, giving us real visibility into all of our resources, and a single workflow for our infrastructure automation.”

The expanded Ansible support is available immediately to provide greater control and visibility over Ansible playbooks, orchestrate Terraform and Ansible pipelines into a single integrated workflow, and help platform and DevOps teams provide infrastructure self-service to developers.

*About Spacelift*
Spacelift is an infrastructure orchestration platform that manages the entire infrastructure lifecycle — provisioning, configuration and governance. Spacelift integrates with existing infrastructure tooling (e.g. Terraform, OpenTofu, CloudFormation, Pulumi, Ansible) to provide a single integrated workflow to deliver secure, cost-effective and resilient infrastructure, fast.

By automating deployment and configuration, providing developer self-service, golden paths with guardrails, and an OPA policy engine, Spacelift empowers businesses to accelerate developer velocity while maintaining control and governance over their infrastructure.

Sign up for a demo or a free trial at Spacelift.io.

Media Contact

Cristin Connelly, Spacelift, 4049316752, cristin@cathey.co, www.spacelift.io

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SOURCE Spacelift

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