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

ns of the Company's revenue streams, management believes this profitability will be sustainable into future periods

Relative to Medical Alarm Concepts regaining its fully reporting status, Mr. Adams commented, "We plan to soon rehire our auditor in order to return the company to fully reporting status.  Some of the internal accounting work in preparation of this audit has already been completed. Over the past few months we have undergone a significant reorganization of our business and we are happy to say that this process has largely been completed. We strategically decided to utilize our limited resources to reorganize the company and to build our business at the expense of maintaining our fully reporting status with the Securities & Exchange Commission.  We were able to do this because we are a voluntary reporting organization, but we nevertheless believe it is important for us to restore our fully reporting status as soon as possible. We believe our investors will be very pleased to see a balance sheet that is sustainable for our business sector and an income statement that shows positive earnings upon completion of our audit and upon our upcoming filings with the commission.  We are targeting returning to fully reporting status by the end of this calendar year."

MDHI

Medical Alarm Concepts Holdings, Inc. (MAC) develops and manufactures innovative products and practical solutions within the framework of a vast growing marketplace. MediPendant's™ patented two-way voice technology enables the user to speak and listen directly through the pendant no matter where the user may be in and around their home. MediPendant™ service also includes advanced features such as three-way calling that enables the operator to link loved ones directly into the emergency call in real time.  Text message alerts are also standard, and are used to inform loved ones that the user has contacted an operator or has requested assistanc
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SOURCE Medical Alarm Concepts Holding, Inc.
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