KING OF PRUSSIA, Pa.,
July 12, 2012 /PRNewswire/ --
Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today
announced significant upgrades to its service offerings for the
customers of the nation's second largest retailer and largest
warehouse club chain. These enhancements include
contract extensions options and new enhanced concierge services,
which will provide unparalleled levels of services for MediPendant
customers.
The Company recently launched a strategic alliance partnership
with the largest warehouse club store in the United States for sales of the Company's
MediPendant™ product. This program is now operational with orders
being received and shipped on a daily basis. The base pricing for
the service allows customers to receive the industry's most state
of the art medical alarm at a price that is lower than competitive
offerings which include the older medical alarm technologies. At
the request of our partner, and with the contract extension options
being announced today, MediPendant customers will be able to extend
their contract terms at pricing that is the most competitive in the
medical alarm industry.
"We are seeing strong and consistent order flow from this
retailer relationship. At least 70% of customers are asking us for
rates for longer contract periods," commented Ronnie Adams
CEO. "We are happy to accommodate this by offering contract
extensions at an extremely competitive price that will be difficult
for the competition to beat or match. Best of all for our
customers are that they receive a second-generation medical alarm
unit that allows for true monitored speak-and-listen technology
through a pendant with voice prompts that let them know their
emergency call is being connected. We are the only company in
the industry able to offer this patented technology. Revenues
from these high margin extended contracts will belong exclusively
to MDHI."
Medical Alarm Concepts is also today announcing enhanced
concierge services for its customers. Priced at $9.95 per month these services offer MediPendant
customers and their families enhanced safety, security and
convenience. For this monthly rate customers will receive the
option to have the MediPendant user called once per month from the
MDHI call center to check on the status of the customer and to
ensure the MediPendant is in full operation. Additionally, loved
ones will receive a text message on their mobile device in the
event the alarm is activated and the user will receive a medical
identification bracelet that will provide vital information to
emergency services personnel in case an emergency occurs when the
user is away from the home.
Mr. Adams continued, "The
customers we are signing up through our new retailer program are
keenly interested in contract extensions. By providing these
requested longer contract times we will be able to grow our revenue
base faster and because the services offer very high margins our
profitability will be meaningfully enhanced. Providing the
concierge service is an additional avenue for us to expand our
revenues even faster in order to reach profitability by our
projected goal of the end of the third quarter. Our business
continues to trend in positive directions as we have enhanced our
marketing programs and significantly restructured our balance
sheet."
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. For more information, go to
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.