Medical Care Technologies Inc. Enters Discussions to Launch Its First Telehealth Clinic in North China
January 15 2010 - 6:30AM
Marketwired
Medical Care Technologies Inc. (OTCBB: MDCE) today announced that
the company has entered into discussions with Chinese local
officials to launch MDCE's first Telehealth Clinic in North China.
The Telehealth Clinic is planned to open in Tianjin, about 100
kilometers Southeast of Beijing, and will be the first of many that
the company plans to open which will fully utilize MDCE's
Telehealth technology.
MDCE is diligently working in conjunction with the local Tianjin
authorities to assist in integrating itself into China's healthcare
system at a grass roots level and to assist its mission to help
China improve its much maligned health care systems. The move is
also viewed as a vital source of income to MDCE.
Management plans to open Telehealth Clinic facilities in Tianjin
and its surrounding areas which will offer family practice
consultations, coordination and provision of prompt emergency
evacuation through a global alarm center network, annual, general,
and pre-employment health check-ups, a comprehensive range of
vaccination services, health screening services for elderly
patients and after-hours clinic visits for emergencies. Together
with the Clinics and the Telehealth technologies, Management feels
that it will be able to better Diagnose, Educate, and Treat
patients.
In 2008, the Central Committee of the Communist Party of China
and the State Council, jointly endorsed and issued the Guidelines
on Deepening the Reform of the Health-Care System. In spite of the
country's economic progress, the development of health care
services in many areas has lagged behind. The health-care landscape
is much different in China, where health insurance essentially does
not exist and there is no established primary care system, people
line up in hospital waiting rooms, sometimes for days, to be
treated. MDCE's new Telehealth Clinic would target the growing
middle class in China who could afford the cost of treatment and
address these issues by Educating the general population.
MDCE's new Telehealth Clinic is excited to be working with the
local governments as they roll out the government's action plan on
health care reform, which will eventually lay a solid foundation
for equitable and universal access to essential health care for all
in China. Under the 850B Yuan ($124B USD) plan for 2009 to 2011,
the government promised universal access to basic health insurance,
introduction of an essential drug system, improved primary health
care facilities, equitable access to basic public health services
and pilot reform of state-run hospitals and med-clinics.
Ning Wu, President of MDCE, stated, "We are at the beginning of
this relationship with the health care industry in China. We are
committed to providing Telehealth Clinics of the highest standards
of care in the cities and rural areas of China. We believe that
through our Telehealth Clinics, we have the potential to catalyze
progress towards enhanced human health and well-being in
China."
About Medical Care Technologies Inc.
Medical Care Technologies Inc. (www.medicaretech.com) is traded
under the symbol MDCE on the OTCBB and is based in London, England.
The Company is in the process of moving its portfolio of oil
resources into medical care technologies. The products/services
that the company hopes to acquire are intended to constitute a
healthcare delivery and wellness site, dedicated to helping Asian
consumers live healthier, more balanced lives. MDCE is planning to
provide advanced connectivity, internationally standardized and
secure business technology and information systems to assist the
Asian health industry -- physicians, pharmacists, medical
institutions, and consumers in accessing medical resources, health
services, education, wellness and pharmaceutical products
throughout Asia. MDCE is planning to distribute and provide
services at a diverse range of industry-leading product lines in
three segments: Medical Devices, Pharmaceuticals and
Nutraceuticals. Further information on the Company can be found at
www.sec.gov and the company's website at www.medicaretech.com
Safe Harbor Statement
All statements contained in this press release, other than
statements of historical fact, are forward-looking statements,
including those regarding: MDCE's products, services, capabilities,
performance, opportunities, development and business outlook,
guidance on our future financial results and other projections or
measures of our future performance; the amount and timing of the
benefits expected from strategic initiatives and acquisitions or
from deployment of new or updated technologies, products, services
or applications; and other potential sources of additional revenue.
These statements are based on our current plans and expectations
and involve risks and uncertainties that could cause actual future
events or results to be different than those described in or
implied by such forward-looking statements. These risks and
uncertainties include those relating to: lack of operating history,
transitioning from a development company to an operating company,
difficulties in distinguishing MDCE's products and services,
ability to deploy MDCE's services and products, market acceptance
of our products and services; operational difficulties relating to
combining acquired companies and businesses; our ability to form
and maintain mutually beneficial relationships with customers and
strategic partners; changes in economic, political or regulatory
conditions or other trends affecting the healthcare, Internet,
information technology and healthcare and pharmaceutical
industries, and our ability to attract and retain qualified
personnel. Other risks and uncertainties may include, but are not
limited to: lack of or delay in market acceptance and fluctuations
in customer demand, dependence on a limited number of significant
customers, reliance on third party vendors and strategic partners,
ability to meet future capital requirements on acceptable terms,
continuing uncertainty in the global economy, and compliance with
federal and state regulatory requirement. Further information about
these matters can be found in our Securities and Exchange
Commission filings. We expressly disclaim any intent or obligation
to update these forward-looking statements. There can be no
assurance that the acquisition of GUC's assets will close. MDCE
must issue 57,300,000 shares of its common stock to GUC, or GUC's
designees in order to close the acquisition. Accounting for the
anticipated cancellation of 57,300,000 shares by Patricia
Traczykowski, MDCE will have 98,900,000 shares of its common stock
issued and outstanding upon the closing of the acquisition.
For Further Information: Ezra Smith C. Jones Consulting, Inc.
Tel: (727) 771-9500 Fax: (727) 771-9545 Email:
cjones@cjonesconsulting.com Web: www.cjonesconsulting.com
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