Form 8-K/A for PRAXSYN CORP
Completion of Acquisition or Disposition of Assets, Financial Statements and Exhib
Item 2.01 Completion of Acquisition or Disposition of Assets.
On March 31, 2014, Praxsyn closed an Agreement and Plan of Merger Agreement (the "APMA") with Pharmacy Development Corp., a California corporation ("PDC") whereby the Company acquired PDC through a forward triangular merger into the Company's wholly owned subsidiary PDC, Inc., a Nevada corporation in exchange for five hundred thousand (500,000) shares of the Company's Series D Convertible Preferred Stock (the "Series D Stock").
IRVINE, Calif., June 23, 2014 -- Praxsyn Corporation (OTCQB:PXYN), a medication and service provider for medical practitioners, announced that it is making progress in filing its Form 10-Q for the quarter ended March 31, 2014.
"The work on the first quarter 10-Q continues and is meeting our internal completion deadlines," said Dan O'Brien, CFO, Praxsyn Corporation. "Our continued work requires the accounting team to conduct detailed research and confirm many historical facts and figures for several entities' most important accounts throughout the years 2012 and 2013, as well as the first quarter of 2014, which will then be submitted to our auditor. Based upon our ability to continue to complete this work and assuming continued progress at a similar rate, we hope to have all material information required for the 10-Q filing to our auditor by June 27, 2014."
- Appoints Interim CEO and CFO
- Update on Timing of Form 10-Q Filing
- Updated Company Address
IRVINE, Calif., June 4, 2014 -- Praxsyn Corporation (OTCQB:PAWS), a medication and service provider for medical practitioners, announced that Edward F. Kurtz, 51, has been elected to serve as the Company's Chief Operating Officer, which was effective on May 3, 2014. He was also appointed as Interim CEO, President and Chairman of the Board. Kurtz has more than 25 years of leadership experience in business development and operations, most recently in the strategic planning and growth of Mesa Pharmacy, a custom compounding pharmacy specializing in pain relief.
Delay Caused by Complexity Due to Merging 2 Companies
PALO ALTO, Calif., May 19, 2014 -- The PAWS Pet Company, Inc. (OTCQB:PAWS), announces that its First Quarter 10Q filing will not be filed on time due to the complexity and extreme amount accounting work required by its recent merger.
PALO ALTO, Calif., May 14, 2014 -- PraXsyn Corporation (OTCQB:PAWS), is pleased to announce that its pharmacy license applications, in the great State of Illinois and America's Dairyland, Wisconsin, were just approved.
"We are extremely excited to add these 2 great states to our list of states where we can dispense or ship medications. Together, these states have the potential of rivaling California as an extremely lucrative market for PraXsyn's pain management creams," said Dan Wiesel, CEO of PraXsyn. "PraXsyn's strategy is to provide an alternative to oral pain medications throughout the United States, and Illinois is just the first step in our expansion."