Praxsyn Corporation

Corporate Developments and Future Plans

SCOTTSDALE, Arizona — July 12, 2023 (Issuewire.com) — The CEO and sole board member, Daniel Oswald, has resigned from all positions with Praxsyn Corporation (the “Company”) effective immediately.  Sean Daly has agreed to replace Oswald as CEO and sole board member.  This includes all of the Company’s subsidiaries.  This is the final case update that will be provided by Oswald.

The Company’s 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 Workers’ Compensation Appeals Board of the State of California had issued an Opinion and Order Granting Petition For Reconsideration for the purpose of further deciding the substantive issues in the case.  It had been among others with the Workers’ Compensation Appeals Board suffering the problem of long delayed legal decisions.  Action had been taken in this regard and the Company had authorized its counsel to prepare and submit an amicus curiae brief to support the effort to have these decisions expedited, or at least delivered on a timely basis.

The Company, due to circumstances beyond its control, had to substitute Counsel representing it in the aforementioned matter, but that has no material effect on the Company’s interests in the case.

The Workers’ Compensation Appeals Board had issued its Opinion and Decision after Reconsideration to rescind the Findings and return the matter to the trial level for further proceedings.

The matter has already been heard at the trial level and the Company is now awaiting another Decision.

Official Press Release:

https://www.issuewire.com/praxsyn-corporation-update-corporate-developments-future-plans-1771241204700156

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.

Corporate Developments and Future Plans

SCOTTSDALE, Arizona — July 25, 2022 (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 Workers’ Compensation Appeals Board of the State of California had issued an Opinion and Order Granting Petition For Reconsideration for the purpose of further deciding the substantive issues in the case.  It had been among others with the Workers’ Compensation Appeals Board suffering the problem of long delayed legal decisions.  Action had been taken in this regard and the Company had authorized its counsel to prepare and submit an amicus curiae brief to support the effort to have these decisions expedited, or at least delivered on a timely basis.

Since the last release, there have been numerous developments in the case before the Workers’ Compensation Appeals Board.  The Company, due to circumstances beyond its control, has had to substitute Counsel representing it in the aforementioned matter, but that has no material effect on the Company’s interests in the case.

The Workers’ Compensation Appeals Board has issued its Opinion and Decision after Reconsideration to rescind the Findings and return the matter to the trial level for further proceedings.

The Company continues to work on the missing filings to become current.  The disruptions to the expected timeline to complete the missing filings have been beyond the control of the Company.

The Company continues to work on pursuing the unclaimed property in the name of Mesa Pharmacy, Inc., being held by the State of California.

In conjunction with completing the missing filings, the Company intends to explore financing, business development, and restructuring opportunities as it awaits further updates on the Mesa Pharmacy receivables.  The Company will continue to update shareholders periodically.

Official Press Release:

https://www.issuewire.com/praxsyn-corporate-update-mesa-pharmacy-inc-1739367304740059

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.

Corporate Developments and Future Plans

SCOTTSDALE, Arizona — April 27, 2022 (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 Workers’ Compensation Appeals Board of the State of California has issued an Opinion and Order Granting Petition For Reconsideration for the purpose of further deciding the substantive issues in the case.  It is among others with the Worker’s Compensation Appeals Board suffering the problem of long delayed legal decisions.  Action is being taken in this regard and the Company has authorized its counsel to prepare and submit an amicus curiae brief to the Workers’ Compensation Appeals Board to support the effort to have these decisions expedited, or at least delivered on a timely basis.

Since the last press release, the Company has been continuing to work on the missing filings to become current.  The disruptions to the expected timeline to complete the missing filings have been beyond the control of the Company.

            Also, since the last press release, the Company has identified a new source of cash for Mesa Pharmacy, Inc.  The Company has learned that the State of California is holding unclaimed property in the name of Mesa Pharmacy in an amount totaling up to $30,000.  The Company is just starting to work on the process of collection, so the total amount collected could be substantially lower or none if procedural problems arise that the Company is unable to resolve or would require excessive resources to resolve.

In conjunction with completing the missing filings, the Company intends to explore financing, business development, and restructuring opportunities as it awaits further updates on the Mesa Pharmacy receivables.  The Company will continue to update shareholders periodically.

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.

Office press release:

https://www.issuewire.com/corporate-developments-and-future-plans-1731307344825262

Corporate Developments and Future Plans 7.20.2021

SCOTTSDALE, Arizona — July 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 Workers’ Compensation Appeals Board of the State of California has issued an Opinion and Order Granting Petition For Reconsideration for the purpose of further deciding the substantive issues in the case.  The Company is still awaiting further updates on the Petition For Reconsideration from counsel and the Workers’ Compensation Appeals Board.  In the meantime, The Company has been preparing the missing filings to become current and expects to complete all missing filings in the current quarter.  The Company will continue to update shareholders periodically.

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.

You can find official press release here: https://www.issuewire.com/praxsyn-corporation-pxyn-update-1705840185549562

Scottsdale, Arizona Jun 12, 2021 (Issuewire.com)  – Praxsyn Corporate Update

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 has now received further guidance regarding the case through its attorneys.  The Workers’ Compensation Appeals Board of the State of California has issued an Opinion and Order Granting Petition For Reconsideration for the purpose of further deciding the substantive issues in the case.  The Company’s counsel has advised that, as a consequence of this decision, all further Writs would have stayed and as a consequence, the planned preparation of the appeal to the California Courts of Appeal has been postponed.  Counsel has advised, based on prior experience, it could take until the end of the year to adjudicate these claims.  The Company is still working on becoming current with its filings and will continue to update shareholders periodically.

You can find the official press release here: https://www.issuewire.com/corporate-developments-and-future-plans-1702299180573325

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.

You can find the official press release here: https://www.issuewire.com/corporate-developments-and-future-plans-1700322614236292

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.

MESA PHARMACY, INC.

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