MDHI Restocks Inventories - Prepares for Additional Retail
Promotions With America's Largest Discount Warehouse Chain
KING OF PRUSSIA, Pa.,
Dec. 11, 2012 /PRNewswire/
-- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK),
today announces the replenishment of its inventories after
completing several very successful retail promotions with one of
the country's largest retailers. The receipt of these new inventory
shipments will ensure the Company's continuity in delivery of the
MediPendant™ to new customers. Additionally, the Company is
announcing today it has signed an agreement with this retailer for
participation in two additional promotions.
Customer reviews on this retailer's site have been very strong
with ten current reviews being listed, all of which have been rated
"Five Stars" out of five possible.
Mr. Ronald Adams, Company CEO
commented, "We are very happy to report to our investors that the
MediPendant™ units that we are currently shipping and the units we
are currently receiving are operating flawlessly. Customer
satisfaction is very strong and our return rates are extremely low.
The MediPendant™ has been receiving strong reviews from our
customers and strong referral rates. This is helping to accelerate
our growth trajectory."
Commenting further Mr. Adams said, "Our sales have continued to
be very strong resulting in us selling out nearly our entire
inventory. Fortunately, we were able to time the arrival of new
MediPendant™ units, enabling us to continue shipments without
disruption. Our most current retail promotion generated over 600
incremental monthly monitoring contracts, which will add
significantly to our fast growing monthly recurring revenue base.
As we have indicated previously, we have now sold enough monthly
contracts so that this recurring revenue base exceeds our monthly
outlays allowing us to be profitable for full year 2013."
Mr. Adams continued, "With our inventory restocked, we are
preparing to launch two additional promotional programs with this
retailer during the first half of the 2013. We also plan to order
additional inventory over the short term, as we believe our current
stocks will sell out rather quickly. We are clearly beginning to
increase our market share and we expect to have a very strong 2013,
which will be driven by high-margin and recurring monthly revenue
streams from high-quality customers. We are very excited about our
positioning moving into the New Year."
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 with voice
prompts. 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, they can 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 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.
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.