Medical Care Technologies Inc. Continues Technological Development of HVS as Add-On
20 January 2010 - 11:30PM
Marketwired
Medical Care Technologies Inc. (OTCBB: MDCE) today announced that
it has been developing its latest medical device technology --
Heart Vital Signs ("HVS") to be included as an add-on to its
Tele-Health(TM) Suite. Remote cardiac monitoring technologies allow
home electrocardiographic (ECG) monitoring of patients with
suspected cardiac arrhythmias or at risk for developing
arrhythmias.
Management believes that by adding the HVS function to its
Tele-Health(TM) technology, caregivers will be able to monitor a
patient's cardiac function, no matter where the patient is located.
By using an embedded SIM card which connects to a cellular network,
streaming signals are transmitted to a remote server whereby
physicians or caregivers, through Tele-Health(TM) Suite, may access
and monitor the patient's heart.
MDCE's HVS is simple and easy to use with non-invasive sensors
attached to the skin for patient comfort and fast recognition of
cardiac and respiratory readings. The HVS is a small, portable
physiological monitor that includes a receiver which wirelessly
receives the patient's physiological measurements.
According to the World Health Organization (2009 Update),
cardiovascular failure is the leading cause of death in the world.
In China, data sources suggest that there are between 1 million and
1.5 million stroke deaths per year, and approximately 600,000 more
deaths from heart disease. Altogether, cardiovascular failure
probably claims about 2.5 million lives -- or almost 30% of all
deaths in China -- each year.
MDCE's President, Ning Wu, commented, "We are pleased with our
team's efforts in searching for solutions to better care for and
monitor a patient's heart. We believe that once our HVS technology
is fully developed, physicians and caregivers alike will be able to
provide the best possible remote monitoring for cardiology
practices, hospitals and nursing homes, ambulatory
electrocardiography and home-care services. We are hopeful that HVS
will be available to the Chinese market in the near future."
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, and consumers -- in accessing 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 cancellation of 57,300,000 shares by Patricia
Traczykowski, MDCE will have 98,900,000 shares of its common stock
issued and outstanding upon the closing of the acquisition.
For Further Information: Ezra Smith C. Jones Consulting, Inc.
Tel: (727) 771-9500 Fax: (727) 771-9545 Email:
cjones@cjonesconsulting.com Web: www.cjonesconsulting.com
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