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Medical Alarm Concepts Publishers Shareholder Letter
Date:9/17/2012

KING OF PRUSSIA, Pa., Sept. 17, 2012 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK), manufacturer of the MediPendant™ two-way voice personal medical alarm, sent the following letter to all shareholders outlining recent accomplishments and future plans.

Dear Shareholders of Medical Alarm Concepts Holding, Inc.:

It's been a very long road for Medical Alarm Concepts Holding, Inc. (MDHI) since going public several years ago.  The Company was organized with the idea of revolutionizing the personal medical alarm sector through the introduction of a unique two-way, speak and listen through the medical pendant technology.  For much of our history the company has failed to realize its growth potential.  These reasons include a lack of adequate initial capital to execute a truly robust marketing plan, and structural balance sheet issues relating to our initial money raise that resulted in a toxic structure of our convertible debt, which in turn handicapped our ability to raise additional funds needed to make the company a success.

I am writing to you today to explain what we have done to rectify these issues and to let you know about the dramatic turnaround our business has realized over the past few months.  What we plan to express in this shareholder letter is not that we are planning to turn our business around, but rather that we have already turned the business around and that we are experiencing extremely strong sales growth rates.  Additionally, we wish to express to you that we are very quickly approaching our revenue breakeven point.  This turnaround has been very dramatic and as we move into our busiest sales period of the year, our confidence level has never been higher.

Here's a summary of what's happening at the company:

Debt Restructuring - Over the past 12 months, we have worked closely with our convertible debt holders in order to negotiate an adequate settl
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SOURCE Medical Alarm Concepts Holding, Inc.
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