KING OF PRUSSIA, Pa.,
Jan. 28, 2013 /PRNewswire/
-- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI), today
announced financial results for Fiscal 2012. The Company will
be releasing additional financial information later in the week
prior to a conference call to be held on January 31, 2013, at 11AM
EST. On the call, CEO, Ronnie
Adams, will discuss how the management team has restored a
robust revenue growth rate and how the business has now obtained
operational positive cash flow. The Company is expecting 2013
to be a year of strong growth as the market for personal medical
alarms continues to grow, and as the Company's unique MediPendant®
product, which includes two-way speak and listen through the
pendant technology, continues to gain consumer acceptance.
Ronnie Adams, CEO, commented, "We
have now released financial results for Fiscal Year ending 2011 and
Fiscal Year ending 2012. We plan to release additional
results through Fiscal September 30,
2012 later the week, with results for the December quarter
coming shortly thereafter. We are especially proud of how we
have grown our revenues, while reducing our short-term liabilities
and trade payables. As of the end of the 2012 fiscal year,
our current assets exceeded our current liabilities, which we
believe will further improve our ability to finance the rapid
growth we are expecting during 2013. On the conference call,
which will take place this Thursday, we will discuss our growth
plans for 2013. We believe investors will be pleased with the
growth we are planning for the year, and the overview of the
programs we have put into place and are working to implement, to
continue this robust rate of growth."
The financial disclosures being made available today and results
for fiscal years ending 2011 and 2012 can be accessed at the
following link: http://www.mediafire.com/view/?1ycvhwtr49o7q9p.
To access the conference call, please dial (862) 902-0100
approximately 10 minutes prior to the 11 AM
EST start time on January
31st. When prompted for the conference call
access number, please enter "984404" and follow the instructions
provided. After his initial presentation, CEO, Ronnie Adams, will conduct a live question and
answer session with investors. While new questions will be accepted
during the call, investors are encouraged to email topics they
would like covered and questions they would like answered, to the
company at info@medalarmco.com.
The MediPendant® is a second-generation personal medical alarm
and the only product in its category that allows for monitored,
two-way communications directly through the pendant. Older
generations of technology require the user to be in close proximity
to the base station in order to speak and listen to the
operator. With the MediPendant®, the customer can be anywhere
within 600 feet of their home, and in the event of an emergency,
speak and listen to the EMT-trained operator directly through the
pendant.
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.