BEIJING, Aug. 1, 2011 /PRNewswire/ -- Medical Care
Technologies Inc. (OTCBB: MDCE), a rapidly growing children's
healthcare service provider, today announced that it has gained
full licensure from two government departments to operate its
children's health and wellness center in Dongguan, Guangdong
Province, China.
Medical Care Technologies Inc. moves another step forward in its
project to bring an enhanced and integrated healthcare service to
children and their families. Dongguan's Department of Urban Planning and
Dongguan's Department of Health
have given the Company the green light and have approved the site
plan for a new children's health and wellness center. The approvals
mark a major step forward for the Company's plan to bring a higher
level of healthcare for communities in China's southern Guangdong Province.
The Company's Chinese subsidiary, Teddyberry™ and Company will
locate its first 4,000+ square foot flagship children's health
center in Dongguan, located within
a metropolitan area of 10 million people with an estimated 1
million children.
This is a momentous occasion for our team, but it's also great
news for our surrounding communities and the patients and families
we will have the pleasure to serve," said Luis Kuo, Chief Operating Officer of Medical
Care Technologies Inc. "The establishment of this health center is
truly an advancement in integrated healthcare in this community,
and one that will impact the lives of many children and families in
years to come."
The approval of the project is the culmination of many months of
strategic planning, including the formation of a world-class
Medical Advisory Board with the right mix of expertise and
compassion, and a recently held corporate summit held in
Dongguan and Beijing with the Board of Directors,
Management Team and Chinese health officials.
"We're excited to move forward with our plan to better meet the
growing healthcare needs of children and their families," said
Ning Wu, President and Chief
Executive Officer of Medical Care Technologies Inc. "We appreciate
the continued support of city and provincial leaders and we look
forward to working together."
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 towards 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: Shu Bei
Tel: (852) 8122-9660
Email: contact@medicaretechinc.com
Web: www.medicaretechinc.com
SOURCE Medical Care Technologies Inc.