KING OF PRUSSIA, Pa.,
Aug. 9, 2012 /PRNewswire/
-- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today
announced the cancellation of its exploratory entry into the fuel
additive business in order to concentrate exclusively on its
MediPendant personal medical alarm product line.
Ronald Adams, CEO, commented,
"The engine performance testing that was completed produced very
mixed results and we realize that a meaningful amount of additional
testing will be required to validate this engine performance
technology. Therefore, we have decided to terminate this
project in order to concentrate all of our corporate resources on
the MediPendant product, which is currently producing strong
results and is expected to lead us into profitability over the next
few months. Our current level of MediPendant product
shipments is already taxing our staff and with our major Fall
retail promotion only a few weeks away we want all our staff's
attention focused on our task at hand."
About Medical Alarm Concepts Holding, Inc.
Medical Alarm Concepts Holdings, Inc. (MAC) develops and
manufactures innovative products and practical solutions within the
framework of a vast growing marketplace. MediPendant's™ patented
two-way voice technology enables 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.
Text message alerts are also standard, and are used to inform
loved ones that the user has contacted an operator or has requested
assistance. 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. There is always the risk that the user will not
be heard by the call center operator if they are not within a short
range of the base station. For more information, go to
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.
Contact:
Medical Alarm Concepts Holding, Inc.
877-639-2929 Ext. 113
SOURCE Medical Alarm Concepts Holding, Inc.