Medical Care Technologies Inc. Develops Cellular-Based Tele-Health Suite(TM)
09 February 2010 - 8:00AM
Marketwired
Medical Care Technologies Inc. (OTCBB: MDCE) today announced that
the company has begun development of a secure Cellular-Based
Tele-Health Suite™ that enables users to easily transmit vital
signs data via the cellular network, to healthcare professionals
utilizing the Medsuite™ application. Tele-Health Suite™ is a
provision of healthcare services using telecommunication technology
to provide healthcare solutions over a geographic distance.
Cellular access to Tele-Health Suite™ allows patients to keep their
health regime intact, while being mobile at the same time.
According to statistics, China's mobile phone usage has been
accelerating at a rapid rate in recent years. The nation hit the
400 million subscriber mark in February 2006; it then took 16
months to top the 500 million mark in June 2007 and another 12
months to reach the 600 million mark. Currently, China has over 700
million mobile phone users in its cellular network.
As the global healthcare market slowly changes from a
traditional healthcare system to a more modern electronic
healthcare system, that utilizes technology through increased usage
of electronic health systems like Tele-Health Suite™, we will see
limited need for the hospitalization and physical movement of
patients as well as enriched health system service coverage.
Tele-Health Suite™ will ultimately decrease hospital visits,
thereby decreasing the overall cost of healthcare expenditure. Ning
Wu, president of Medical Care Technologies, stated, "We are of the
belief that Telehealth through cellular networks is going to be an
important component of the modern healthcare system and will
decrease pressure on the existing healthcare infrastructure. We
think the Chinese market will witness substantial growth in the
near future as a result of an increasing population, increase in
life expectancy, increasing per capita income, and the substantial
increase in Internet and cellular phone penetration in China."
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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