SOURCE: Medical Alarm Concepts Holding, Inc.

Medical Alarm Concepts Holding, Inc.

March 17, 2016 08:30 ET

Medical Alarm Concepts Holding, Inc. Announces Equity Investment for $1,250,000

KING OF PRUSSIA, PA--(Marketwired - Mar 17, 2016) -  Medical Alarm Concepts Holding, Inc. (OTC PINK: MDHI) (the Company), a Pennsylvania-based personal medical alarm device manufacturer, announced today that it has secured an equity investment for $1,250,000.

The investment, of which MDHI has taken approximately $625,000 to date, will enable the Company to launch and market its new product, the iHelp+ 3G. It will also enable MDHI to increase the size of the technology department, in an effort to expand its product line and move toward the growing telehealth/e-health market.

The iHelp+ 3G, is a cellular medical alert system that operates on a 3G network. It is Bluetooth enabled and Wi-Fi enabled. It has a much broader reach than the iHelp™ 2G product, as well as additional functions, such as fall detection and geo-fencing (ability to pre-set an area and alert loved ones if the user leaves or enters the pre-set area).

The interest in 3G medical alarm products with features such as fall detection and geo-fencing is tremendous. MDHI is excited to be one of the first companies to have this product available to dealers and resellers of security and medical alarm systems.

MDHI will be launching the 3G product at the ISC West Show in Las Vegas, NV, April 6, 7, 8.

About MDHI

MDHI is the creator of the MediPendant® and the iHelp™, patented personal medical alarm devices for the national and international marketplace. The MediPendant® has been featured in nationally renowned retailer Costco Wholesale Corporation since 2011 and has received 28 product reviews on the retailer's website, 21 of which are "5 out of 5 Star" ratings. The average rating is "4.5 Stars" out of 5 Stars. The iHelp™ and iHelp+ 3G are next-generation mobile medical alarms. Users of the iHelp™ line of products, can take the device with them wherever they go, as long as there is cellular service. For more information, please visit our investor portal at www.medicalalarmconcepts.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.

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