BEIJING, June 6, 2011 /PRNewswire/ -- Medical Care
Technologies Inc. (OTCBB: MDCE), a children's healthcare
service provider, announced today that its subsidiary, ReachOut
Holdings Limited, has signed a six year operating lease in
Dongguan, Guangdong Province, China. The new location will serve as the
company's first flagship children's health and wellness center.
The new center will occupy approximately 4,000, out of 1,000,000
buildable, square feet of prime commercial space in the Zhong Xin
Commercial Plaza building, also known as Citic Commercial Plaza, in
Dongguan's Dongcheng district.
The location will greatly benefit from its proximity to the
plaza's national banks; such as Industrial Bank Co., Dongguan
Securities, and high end restaurants and from an array of amenities
including ample parking space.
"Medical Care is highly admired in China for what they wish to accomplish here,"
said Mr Jiang of Mytophome China Property Agency Co., Ltd. "We're
very proud that they chose to locate their first clinic in Zhong
Xin Commercial Plaza."
Zhong Xin Commercial Plaza offers companies efficient and
innovative floor plans to suit their business needs. The location
is surrounded by prestigious corporate buildings, such as First
International Shopping Centre, Dongguan World Trade Centre, and The
Dongguan Radio and Television Broadcasting building. The property
also has immediate access to international brand hotels, a
nationwide supermarket, National Highway 107, and Shenzhen
Expressway. The new premises will be renovated as a
state-of-the-art children's healthcare facility. Renovations are
expected to begin in the coming weeks.
"Zhong Xin Commercial Plaza was a natural fit for what we were
looking for," Luis Kuo, COO stated.
"We will have a purpose-built facility that will enhance healthcare
services to the children in the neighboring areas because of its
prime location, close proximity to international and private
schools and high end residential neighborhoods. Our new premises
will allow us to create an environment where we can deliver high
quality care and value to the Dongguan community."
About Medical Care Technologies Inc.
Medical Care Technologies Inc. is traded under the symbol MDCE
on the OTCBB and is headquartered in Beijing, China. MDCE, through joint
ventures or Chinese subsidiaries, develops a network of children's
health facilities in the larger urban areas throughout China. Services are geared towards the
advancing economic middle-class and upper class Chinese families.
Specializing in the care of children between the ages of 3 to 16,
MDCE's role is to enhance the overall well-being of the family and
community and to expand its pediatric services to include
preventative health and wellness education. MDCE, through its
children's health facilities, will also distribute a diverse range
of industry-leading pharmaceutical and nutraceutical product lines.
MDCE's main mission is simple – to become a healthcare service
provider leader in children's health. Information on the Company
can be found at www.sec.gov and the Company's website at
www.medicaretechinc.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.
For Further
Information:
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Contact: Don
Griffin
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Tel: (480)
251-1449
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Fax: (810)
222-5453
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Email: don@virmmac.com
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Web:
www.medicaretechinc.com
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SOURCE Medical Care Technologies Inc.