SOURCE: BioMedReports

BioMedReports

June 17, 2010 07:49 ET

Needs of Growing Elderly Population Could Net Substantial Profits for ActiveCare

LOS ANGELES, CA--(Marketwire - June 17, 2010) -  A crisis in aging, fueled by a decreasing workforce to care for the country's rapidly growing aging population, threatens the ability of older adults to remain at home.

BioMedReports, the news portal which covers Wall Street's medical sector and delivers financial and investment intelligence to a community of highly informed investors, has alerted its readers to ActiveCare Inc. (OTCBB: ACAR) -- a company which offers useful, valuable communication and emergency alert technologies for aging adults.

In an interview with BioMedReports today, Bryan Dalton VP of Operations, ActiveCare, said:

"We've coined the phrase 'ActiveCare.' We like to consider ourselves a virtual assisted living and that's through products and services delivered to our customer which is typically a senior citizen over the age of 65.

Our mission is to keep them in their home for an additional 1 to 5 years and allow them to age in place. 'Age In Place' is a phrase which has been coined in the industry; it means just what it says. People do not want to go into nursing homes when they reach that certain age where they don't want to go into assisted living because of cost or because of the stigma attached to that for a variety of reasons. We provide technology and services to allow them to do that."

According to the report, the company is expecting to make some announcements that will have positive profit and earnings implications going forward.

"Given the small number of shares available in the float, the appreciation in the stock price could be dramatic," reports analyst M.E. Garza.

The complete interview with members of the ActiveCare's management appears today at BioMedReports.Com.

Biotech investors interested in accessing the news portal's complete database of clinical trials and upcoming FDA decisions can access that information here:

http://biomedreports.com/fda-calendar/fda-calendar.html

About BioMedReports.Com

BioMedReports.com is a news portal covering the biomedical news and financial sector. BioMedReports is not paid or compensated to report the news and developments of publicly traded companies.

For more biomedical sector and investment news go to http://BioMedReports.com

Contact Information

  • Media Contacts Only:
    Mary Davila
    Assistant Editor
    BioMedReports.Com
    e-mail: Email Contact
    Tel: +1 323 472 4480
    Fax: +1 888 210 3556