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MDHI Receives Strategic Investment to Continue Strong Growth - Moves into Positive Operating Cash Flow for March 2013 Quarter
Date:3/6/2013

KING OF PRUSSIA, Pa., March 6, 2013 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTC Pink: MDHI), today announced it has received an investment led by strategic partner, JTT-EMS LTD of Shijiazhuang, China.  Under the terms of the investment, JTT-EMS purchased restricted common stock, which it plans to hold as a long-term investment.  The financing, including additional investments by current shareholders, will total approximately $330,000.

"This is exciting financing for our Company that will allow us to maintain our strong growth," commented Ronnie Adams , CEO.  "This strategic investment is straight common equity in the Company, which must be held for an extended period of time. There are no warrants, options, or any other enhancements.  Over the past two quarters our business has turned the corner with strong growth, allowing us to reach positive cash flow. Because this growth is based on high quality recurring monthly revenues, we believe the positive operating cash flow we will report beginning in the March 2013 quarter will be sustainable moving forward."

The demand for the MediPendant® continues to grow at a rapid pace as a result of strong sales from the Company's retail partnership and growing online orders. Medical Alarm Concepts recently announced the signing of a major diversified national healthcare insurer that will offer the Company's MediPendant® product and monthly monitoring services to subscribers of selected healthcare programs.  Additionally, the product will be included in the insurance carrier's dual demonstration program (Medicaid and Medicare) related contracts on which it may bid.

Use of funds from this new strategic investment will be primarily for inventory acquisition to meet growing demand. Secondary uses of funds will include completing the process of restoring the Company to fully r
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SOURCE Medical Alarm Concepts Holding, Inc.
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