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MDHI Releases Fiscal 2012 Financials - Updates Financial Disclosures
Date:1/28/2013

KING OF PRUSSIA, Pa., Jan. 28, 2013 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI), today announced financial results for Fiscal 2012.  The Company will be releasing additional financial information later in the week prior to a conference call to be held on January 31, 2013, at 11AM EST.  On the call, CEO, Ronnie Adams , will discuss how the management team has restored a robust revenue growth rate and how the business has now obtained operational positive cash flow.  The Company is expecting 2013 to be a year of strong growth as the market for personal medical alarms continues to grow, and as the Company's unique MediPendant® product, which includes two-way speak and listen through the pendant technology, continues to gain consumer acceptance.

Ronnie Adams , CEO, commented, "We have now released financial results for Fiscal Year ending 2011 and Fiscal Year ending 2012.  We plan to release additional results through Fiscal September 30, 2012 later the week, with results for the December quarter coming shortly thereafter.  We are especially proud of how we have grown our revenues, while reducing our short-term liabilities and trade payables.  As of the end of the 2012 fiscal year, our current assets exceeded our current liabilities, which we believe will further improve our ability to finance the rapid growth we are expecting during 2013.  On the conference call, which will take place this Thursday, we will discuss our growth plans for 2013.  We believe investors will be pleased with the growth we are planning for the year, and the overview of the programs we have put into place and are working to implement, to continue this robust rate of growth."

The financial disclosures being made available today and results for fiscal years ending 2011 and 2012 can be accessed at the following link: '/>"/>

SOURCE Medical Alarm Concepts Holding, Inc.
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