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MDHI Provides Investor Update -- Provides Business Model Overview -- Discusses Upcoming Profitability
Date:8/6/2012

KING OF PRUSSIA, Pa., Aug. 6, 2012 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK), today provided investors with an update on growth of the MediPendant business, an outline of its path to profitability, an overview of the company's business model, information about recent and projected sales, and an update on returning to fully reporting status.

The Company recently launched a strategic alliance partnership with the largest warehouse club stores in the United States for sales of the Company's MediPendant™ product.

During the June quarter, a total of approximately 4,000 MediPendants were sold. Due to the strong growth being realized for the reasons discussed below, the company is expecting to sell more units during the September quarter than were sold during the June quarter.  As is also discussed below, Medical Alarm Concepts is expecting to move into profitability prior to the end of the year, if not sooner.

Medical Alarm Concepts is experiencing rapid growth in both Internet and retailer-based sales.  Recurring monthly revenue being realized by these sales are now growing to the level where the company is getting closer to covering its fixed operating expenses.  The company is not at liberty to discuss its retail oriented sales, but sales remain brisk with orders being taken and product being shipped on a daily basis.

Ronnie Adams, CEO, commented, "Our recurring revenue is growing at a strong rate.  For example, last week we shipped 50 units to new customers who had ordered our MediPendant with monitoring services.   This growth will help us reach profitability very soon.  An additional additive dynamic is the strong sales we are also realizing into our key distributors.

The company recently began offering customers of its large retail partner the opportunity to extend an additional 3 – 12 months to their monitoring agreements from the 6 months provided i
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SOURCE Medical Alarm Concepts Holding, Inc.
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