NextPlat Announces Record Full Year 2022 Revenue as Sales Increase Over 51% - Seite 2

Operational and organizational highlights of the year ended December 31, 2022, and recent developments included:

• The Company completed its corporate transition to NextPlat Corp reflecting a vision of the future of e-commerce for physical and digital assets and secured over $15 million in new growth capital though two private offerings of common stock each with the significant participation of management and its Board of Directors.
• NextPlat strategically expanded its focus into to the high-growth healthcare market through a $7 million investment and recapitalization of Progressive Care Inc. NextPlat intends to accelerate Progressive's digital healthcare transformation with the launch of a new e-commerce platform for healthcare products in domestic and international markets in 2023.
• The Company deepened its leadership team with the additions of Cristina Fernandez (not related to Mr. Fernandez) as a Director, Robert Bedwell as Chief Compliance Officer and the appointment of Cecile Munnik as NextPlat's Chief Financial Officer, all highly experienced healthcare and technology veterans.
• NextPlat's subsidiaries continued to strengthen their global partner network for connectivity solutions including being named by Globalstar as its exclusive SPOT distributor in the U.K and most recently, entering into an agreement with Iridium Communications Inc. as a new direct distributor and Iridium Go! exec™ global launch partner.

Mr. Fernandez concluded, "Our goal for 2023 and beyond is to leverage our improved operational capabilities and enhanced leadership team as we expand our offerings in communications and connectivity into the high-growth healthcare market where we intend to launch an array of innovative new offerings. Although there remain supply chain headwinds and the challenge of global inflation, we are confident that we have the right combination of market-tested expertise, technology and partnerships that will enable us to bring the power of e-commerce to more customers, brands, and industries in the United States and abroad."

About NextPlat Corp

NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets for physical and digital assets. The Company intends to collaborate with businesses, optimizing their ability to sell their goods online, domestically, and internationally, and enabling customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications services division through its Global Telesat Communications Ltd and Orbital Satcom Corp business units that offer voice, data, tracking, and IoT services to customers worldwide through multiple global storefronts.