Medical Alarm Concepts Receives Initial Order for Joint Venture
January 14 2014 - 7:00AM
Marketwired
Medical Alarm Concepts Receives Initial Order for Joint Venture
KING OF PRUSSIA, PA--(Marketwired - Jan 14, 2014) - Medical
Alarm Concepts Holding, Inc. (OTC Pink: MDHI) today announces it
has received a new order for its patented, two-way speak and listen
through the pendant, MediPendant® personal medical alarm device.
The initial order of 500 units will support an innovated service,
which will be launched in conjunction with JTT-EMS of Vancouver,
Canada and Hong Kong-based D-100 Radio, operated by Global Chinese
Network, LTD. The program will be launched in Toronto and Vancouver
initially, with expansion to San Francisco and other U.S. and
Canadian cities over the coming months.
The new service offering will utilize a dedicated radio channel
provided by D100, (www.d100.net) which will provide 24-hour
Cantonese language programming for seniors. Integrated into the
programming will be various service offerings that seniors can
access by pressing their "easy call-in button". Medical Alarm
Concepts will be providing its MediPendant® product for use as the
call-in apparatus providing the senior with a way to interact with
the service provider in a two-way manner, as well as the ability to
summon help in the event of a fall or other medical emergency.
Ronnie Adams, CEO of Medical Alarm Concepts, commented, "We
continue to grow exponentially with our monthly recurring revenues
as a result of our success with our retail and Internet channels,
but we are now also realizing increased opportunities for equipment
sales in support of innovative new service offerings. As a result
of this new order and our accelerating sales through our other
channels, we have informed our factory partner to produce
additional inventory to meet our growing demand. We continue to
advance our sales efforts, which are driving our monthly recurring
revenues and our one-time equipment sales."
About Medical Alarm Concepts Holding, Inc. Medical Alarm
Concepts Holdings, Inc., which trades on the over the counter
market under the stock symbol "MDHI", is the manufacturer of the
MediPendant® personal medical alarm. The MediPendant® is a patented
two-way voice technology enabling 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. A
standard PERS system does not enable the user to speak and listen
through the pendant, thus limiting them to a small area in their
home. For more information on the MediPendant®, please visit
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.
Medical Alarm Concepts Holding, Inc. 877-639-2929 Ext. 113
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