BEIJING, June 10, 2011 /PRNewswire/ -- Medical Care
Technologies Inc. (OTCBB: MDCE), a children's healthcare
service provider, announced today that Teddyberry™ and Company will
be the name of its new, flagship, children's healthcare center in
Dongguan, China. The name
has been unveiled in advance of the Company's preparations to break
ground on the new facility in early July.
Located in the prime, Class A, Zhong Xin Commercial Plaza,
Teddyberry™ and Company will be a state-of-the-art children's
healthcare center, bringing coordinated and integrated healthcare
services together under one roof. The new facility is also designed
to function as a collaborative environment for other neighboring
hospitals in order to deliver better care and more efficient
service.
"Building better healthcare also means building everything
around our little clients – the children," said Luis Kuo, COO of Medical Care.
"Teddyberry™ will deliver high-quality, convenient,
coordinated and affordable value-added healthcare. This is a
new model for healthcare in China,
one which will improve the quality of services provided to
children."
Teddyberry™ and Company is the first private, for-profit
investment for Medical Care Technologies. In addition to serving
the 300 patients expected weekly, Management also points out that
development of the prime real estate space will generate nearly
$2.3 million Chinese Yuan Renminbi
(RMB) (US $500,000 est.) in
construction employment and contribute an additional $30 million RMB (US $4.5
million est.) to the local economy, giving everyone reason
to take pride in the development.
"We are making this investment in support of the high-quality
healthcare patients deserve," said Ning
Wu, CEO of Medical Care Technologies Inc.
About Medical Care Technologies Inc.
Medical Care Technologies Inc. is traded under the symbol MDCE
on the OTCBB and is headquartered in Beijing, China. MDCE, through joint
ventures or Chinese subsidiaries, develops a network of children's
health facilities in the larger urban areas throughout China. Services are geared toward the
advancing economic middle-class and upper-class Chinese families.
Specializing in the care of children between the ages of 3 to
16, MDCE's role is to enhance the overall well-being of the family
and community and to expand its pediatric services to include
preventative health and wellness education. MDCE, through its
children's health facilities, will also distribute a diverse range
of industry-leading pharmaceutical and nutraceutical product lines.
MDCE's main mission is simple – to become a healthcare
service provider leader in children's health. Information on
the Company can be found at www.sec.gov and the Company's website
at www.medicaretechinc.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.
For Further Information:
Contact: Don Griffin
Tel: (480) 251-1449 Fax: (810) 222-5453
Email: don@virmmac.com
Web: www.medicaretechinc.com
SOURCE Medical Care Technologies Inc.