SOURCE: Medical Care Technologies, Inc.

January 14, 2010 18:21 ET

Medical Care Technologies Inc. Launches Secure Care-Giving Technology to Promote Independent Living

LONDON--(Marketwire - January 14, 2010) - Medical Care Technologies Inc. (OTCBB: MDCE) today announced the Company's independent home care solution called the CareBox™. The CareBox™ is a solution that promotes the extension of independent living for seniors. Our technology allows caregivers to watch over family or clients without compromising dignity. The CareBox™ also addresses social isolation that occurs with older people living alone. The system consists of our TelehealthSuite™ technology, which is connected to a wired or wireless source, and then it is integrated with our Trackker™ monitoring technology.

This allows continuous contact, with caregivers, medical professionals and also allows social interaction with other users. In addition, we will utilize our Trackker™ technology to assess client location and their well being 24 hours per day. The aging process in China is currently the fastest in the world. China has become an aging society, with 144 million elderly over 60 years old, about 11 percent of the total population, according to the 2005 census. According to the United Nations Population Division estimates, 30 percent of the population of China will be older than sixty by 2050, compared to only 25 percent of the U.S. population. In 2006, the Chinese Government granted over $71 Billion (500 billion Yuan) of pension to 460 billion pensioners nationwide, and the medical expenses of these people were more than 3 times that of the young population.

Ning Wu, President of MDCE, states, "An aging population, along with many single child families, is driving demand for our technology that will allow our senior community to stay at home and remain independent. This creates an opportunity for families, and health organizations to partner with Medical Care Technologies who, for a fixed amount per month will assist with monitoring safety, security, activities of daily living, and basic cognition, for the elderly user."

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, consumers, access 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 cancelation of 57,300,000 shares by Patricia Traczykowski, MDCE will have 98,900,000 shares of it common stock issued and outstanding upon the closing of the acquisition.

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