NexgenRx Announces Q1 2023 Quarterly Results with Continued Revenue Growth and Positive EBITDA and Announces Election of New Director - Seite 2

Ron Loucks, President and CEO, stated "Let me start by welcoming Dave to our Board. We are extremely fortunate to be able to add someone of Dave's caliber and experience to our team and we all look forward to working together with him as we continue work towards further growth and prosperity for NexgenRx and its shareholders." Regarding financial results, Mr. Loucks continued, "The strength of our operating model, together with the agility of our leadership teams, allowed us to end Q1 with solid results that were in line with our objectives to protect our financial position and maintain our margin. The World Health Organization has officially announced that COVID-19 is no longer a global health emergency, marking a symbolic end to the coronavirus pandemic that changed the world in so many ways. This message sets a positive tone for the first quarter as we have a strong sales pipeline that we expect to be able to capitalize on with more frequent face-to-face interactions with our prospective clients."

About NexgenRx

NexgenRx is Canada's only independent full-service Third-Party Administrator and Technology Solutions Provider, offering proprietary full front-end, eligibility, enrolment, hour bank and mobile access capabilities, together with state-of-the-art claims adjudication and full provider network coverage. These combined capabilities allow NexgenRx to provide Plan Sponsors, sophisticated administration and health benefit technology applications in a cost-effective SaaS (Software as a Service) Model.

NexgenRx is committed to building partnerships with organizations looking to exceed the expectations of their clients and plan members and deliver superior administration and claims processing solutions at a competitive cost. More information on NexgenRx can be found at www.nexgenrx.com.

Caution Regarding Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although management believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.