BEIJING, June 13, 2011 /PRNewswire/ -- Medical Care
Technologies Inc. (OTCBB: MDCE), a growing children's
healthcare service provider, announced today its plans to expand
its pediatric healthcare operations to other provinces in
China.
With the official license to operate its first pediatric
healthcare center in the City of
Dongguan firmly approved in principal, the door is opened
for Medical Care Technologies Inc. to further expand and develop
additional pediatric health and wellness centers in new provinces
throughout China. Management is
currently in negotiations with officials to expand in Heilongjiang, Beijing, and Shanghai.
The Company is now developing up to five more healthcare centers
to be operational within the next two years. The
state-of-the-art facilities will range in size from 3,000 to 8,000
square feet and cater to young children from three years of age to
their teenage years. The health centers will offer a full range of
inpatient services to both expatriates' families and the Chinese
communities. Management's development strategy will utilize
an integrated concept of primary facilities and satellite clinics
in each geographical location, thereby offering a high quality of
healthcare services to the large local Chinese market. Assuming
that the final Chinese government approvals and plans for financing
the health centers are completed soon, the facilities will be
constructed and opened in phases starting in 2012.
"With the imminent approval of our first children's health
center, Teddyberry™ and Company, we are now ready to take the next
steps in the development of our pediatric healthcare network,"
Ning Wu, President and CEO of
Medical Care Technologies Inc. commented. "We believe the growth
potential to be tremendous and future Teddyberry™ facilities are
now in the planning stages."
"This is a major step forward and we are delighted and
enthusiastic about being selected to open our children's health
centers in China. Our Company can
now grow and give children quality healthcare and afford families
the comfort of knowing their children are in good hands," stated
Luis Kuo, Chief Operations Officer
of Medical Care Technologies Inc.
Medical Care Technologies Inc. will discuss its growth and
expansion plans as a featured guest on "Your Monies Worth" radio broadcast show on
Friday, June 17, 2011 at 10:00 a.m. on WSBR Radio 740AM South Florida, and worldwide on the web at
www.wsbrradio.com.
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:
Contact: Don Griffin
Tel: (480) 251-1449 Fax: (810) 222-5453
Email: don@virmmac.com
Web: www.medicaretechinc.com
SOURCE Medical Care Technologies Inc.