PLYMOUTH MEETING, Pa., Sept. 20, 2011 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTCQB:MDHI), manufacturer of the MediPendant™, the first fully-monitored medical alarm system that allows the users to speak and listen directly through the pendant, today provides investors with an update on recent corporate activities. The following comments are from Medical Alarm Concepts Holdings, Inc., CEO, Howard Teicher.
"Over the past several months we have been relatively quiet regarding our corporate activities, although we have submitted our required filings with the Securities & Exchange Commission in order to remain a full reporting entity. Today, I am very pleased to inform you that we are finally seeing a significant amount of traction with the MediPendant™ in the marketplace. We have always believed our unique and patent protected MediPendant™ personal medical alarm product, with its speak and listen through the pendent technology, holds the promise to revolutionize the personal medical alarm space. Our marketing tests of several months ago proved some of our theories correct as we achieved strong results from our advertising spend. Of course, it takes more than just a great product and strong test marketing results to make a profitable company - it also takes adequate capitalization and strong partnerships to move the programs forward. I am very excited today to inform our investors that these additional pieces of our corporate puzzle are being put into place."
Mr. Teicher continued, "We are currently putting the final touches on several initiatives to significantly accelerate our growth. These include a new injection of capital into the Company, a restructuring of our balance sheet, a new strategic alliance with a significant player in the world of marketing and advertising, investment in a new generation of product, acquisition of enough inventory for us to reach profitability, and several other initiatives that will help us to meaningfully accelerate our corporate growth. Over the coming weeks we plan to reveal to our investors the details of these programs and continue to gain their support."
About Medical Alarm Concepts
Medical Alarm Concepts Holdings, Inc. (MAC) develops and manufactures innovative products and practical solutions within the framework of a vast growing marketplace. We have built our reputation in the personal emergency response system ("PERS") and medical alert industry. With patented technology and state-of-the-art services, MAC is uniquely positioned to mobilize the right people, skills and alliances to ensure success and client satisfaction. Our design and support philosophy emphasizes industry best practices, while providing polished and savvy solutions. MAC's latest innovation is the development of its two-way voice speakerphone pendant technology. For more information, please visit our website at http://www.medicalalarmconcepts.com.
Safe Harbor Statement
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Medical Alarm Concepts Holding, Inc.
|SOURCE Medical Alarm Concepts Holding, Inc.|
Copyright©2010 PR Newswire.
All rights reserved