KING OF PRUSSIA, Pa.,
May 22, 2012 /PRNewswire/ -- Medical
Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK), today announced it
has begun realizing revenues from its largest ever set of orders
for the MediPendant™ personal medical alarm, which offers patented
two-way voice technology, enabling the user to speak and listen
directly through the pendant. The delivery of product associated
with the first tranche of this order resulted in revenue to the
company of $275,000. The Company
expects additional revenues from this same customer through the end
of the year, as was announced on March 12,
2012.
Additionally, the Company is announcing today the release of its
new television commercial for the MediPendant™, which was produced
in conjunction with Harrington Multi Media.
"As we have indicated previously, sales of the MediPendant™ have
been on a steady progression since the beginning of this year. In
addition to the first section of this large order, we are expecting
additional orders from this same customer throughout the rest of
this year," commented Ronald Adams,
President of Medical Alarm Concepts. "Gross margins from
these orders are expected to cover much of our overhead operating
costs for the rest of this year. In addition to increasing
our rate of sales with the MediPendant™, we have also released a
new fuel additive product called the MotorBooster™, and we have
been very successful in re-negotiating our convertible debt.
This has resulted in direct cancellations of debt and the
deletion of over 100 million dilutive warrants. This is very
positive news for our Company and its investors," added Adams.
Mr. Adams continued, "We are also announcing today the release
of our updated television commercial which has been produced in
conjunction with Harrington Multi Media. We believe it does an
outstanding job in highlighting the differences between our
state-of-the-art device with speak and listen through the
pendant technology, and the devices currently on the market
that are based on much older technologies. We are currently in the
process of booking media time for this new television commercial,
and plan to run it on or near the launch of the recently announced
retail marketing campaign. We are very excited to announce
the initiation of both of these marketing campaigns within the next
few weeks."
The new television commercial can be viewed at
http://www.youtube.com/watch?v=tmfLGoRfaU4.
About MDHI
Medical Alarm Concepts Holding, 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, please visit our
website at 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.