Medical Care Technologies Inc. Announces Appointment of New CEO
January 12 2010 - 6:07PM
Marketwired
Medical Care Technologies Inc. (OTCBB: MDCE) today announced that
Ning C. Wu has joined MDCE as its new President, Chief Executive
Officer, and Chief Financial Officer effective immediately.
Ms. Wu is a seasoned entrepreneur with over 25 years' experience
in both the public and private sectors. Since 1995, in Toronto,
Ontario, Ms. Wu served as Partner and Chief Executive Officer of
GroupIT, a private information technology and services firm
specializing in complete internet-intranet design, web database
development, E-business and secure technology support to private,
public and government sectors in Canada.
Most recently, Ms. Wu has been a Partner and Chief Executive
Officer of Open Planet Enterprise Inc., which is a private
professional services firm based in Toronto, Ontario that is
providing business advice, business solutions and management
services to Chinese companies aiming to do business in North
America and North American companies aiming to do business in
China.
"Medical Care Technologies Inc. is pleased to welcome Ms. Wu to
the Company. As a seasoned executive, her leadership skills and
experience as well as her connection to the Asian markets will be
invaluable as the Company evolves," states Patricia
Traczykowski.
Michael Freeberg, one of the Company's directors, was appointed
as Treasurer of the Company.
Effective immediately Patricia Traczykowski will be resigning as
the Company's President, Chief Executive Officer, Treasurer, Chief
Financial Officer, and Principal Accounting Officer but will remain
on as a director.
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 will 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, 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
Nutriceuticals. 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 cancelation 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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