SOURCE: Medical Alarm Concepts Holding, Inc.
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.