Fall Promotion Results in Blow Out Sales -- Expect to Sell Out of
Inventory -- More MediPendant™ Product on Order from Factory
KING OF PRUSSIA, Pa.,
Oct. 16, 2012 /PRNewswire/
-- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today
announced it has kicked off its fall retail Internet sales
promotion programs, which are resulting in extremely strong
incremental sales. In order to meet this very strong demand,
the company is in the process of hiring additional staff and
acquiring additional MediPendant™ inventory via the acceleration of
factory deliveries.
"It would be an understatement to say we are very excited about
the very strong demand that has materialized from the current
promotional activities," commented Ronald
Adams, CEO. "Our customer service and shipping staff are
working at 100% capacity as a result of very strong demand
generated by our retail partnership, and due to continued strong
demand for MediPendants™ ordered via our website."
Mr. Adams continued, "I am very proud to be the CEO of a growth
company that is producing the world's first patented,
voice-prompted, and monitored personal medical alarm with speak and
listen through the pendant technology. Over the past two years we
have significantly restructured our company, improving our balance
sheet and enhancing our operations, in order to move the company
into profitability. We now believe we have obtained our initial set
of goals, and look forward to enhancing shareholder value by moving
the company into operating profitability. We are expecting
extremely robust sales to continue as a result of these and other
promotional activities. We are well on our way to achieving
the goals of our management team and those of our investors.
The next course of action is to return the company to fully
reporting SEC status, a process that is underway."
Additional information on the MediPendant™ can be viewed at
www.MediPendant.com.
About MDHI
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.
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.