KING OF PRUSSIA, Pa.,
Sept. 26, 2012 /PRNewswire/ --
Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK), today
announced it has signed an additional Fall advertising promotion
for the MediPendant™, the industry's first voice prompted medical
alarm with two-way speak and listen through the pendant
technology. Under the terms of the new retail agreement,
Albertson's Stores will be utilizing pharmacy merchandise bags
printed with the MediPendant™ name, logo, website address and
toll-free number in approximately 200 stores. This promotion, which
is expected to kick off November
1st, is expected to increase awareness of the
product and to generate direct sales.
"This fall is expected to be extremely busy as we launch our
major retail and promotional marketing programs. We are expecting
these programs to further accelerate our already fast-growing rate
of product sales," commented Ronnie
Adams, CEO. "We have recently increased our inventory
levels and have ordered additional product to meet this expected
strong demand. As we are already strongly trending toward
profitability, we expect sales and residual monthly recurring
revenues from these additional activities to move us into
profitability. As we outlined in our latest letter to
shareholders, our recent turnaround has been very dramatic and as
we move into our busiest sales period of the year, our confidence
level has never been higher."
About MDHI
Medical Alarm Concepts Holding, Inc. (MAC) develops and
manufactures innovative products and practical solutions within the
framework of a vast growing marketplace. MediPendant's™ patented
two-way voice technology enables the user to speak and listen
directly through the pendant no matter where the user may be in and
around their home. MediPendant™ service also includes advanced
features such as three-way calling that enables the operator to
link loved ones directly into the emergency call in real time.
Text message alerts are also standard, and are used to inform
loved ones that the user has contacted an operator or has requested
assistance. A standard medical alarm device does not enable the
user to speak and listen through the pendant, thus limiting them to
a small area in their home. There is always the risk that the user
will not be heard by the call center operator if they are not
within a short range of the base station. For more information, go
to www.medipendant.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.
Contact:
Medical Alarm Concepts Holding, Inc.
877-639-2929 Ext. 113
SOURCE Medical Alarm Concepts Holding, Inc.