MDHI to Hold Investor Conference Call to Discuss Corporate
Progress, Positive Operating Cash Flow, and Return to Fully
Reporting Status
KING OF PRUSSIA, Pa.,
Jan. 7, 2013 /PRNewswire/ -- Medical
Alarm Concepts Holding, Inc. (OTCQB: MDHI), today announced that
CEO, Ronnie Adams, will hold an
investor conference call on January 22,
2013, after the stock market close. On the call, Mr. Adams
will hold a live Q&A session concerning recent accomplishments,
including the restoration of a robust revenue growth rate, positive
operating cash flow, and returning the Company to fully reporting
status.
Mr. Adams commented, "2012 was a year of great positive change
for our organization. We have been able to restructure our
long-term debt, which included significant debt forgiveness, and
the cancellation of over 165 million toxic warrants. Our working
capital balances have been significantly enhanced, which has
allowed us to fund additional marketing programs. The result
has been the restoration of a very strong revenue growth rate,
which has propelled us into a position of positive operating cash
flow. On the conference call, which will be open to all investors,
we will outline where MDHI was during 2012 and where we are going
in 2013 and beyond. We are expecting 2013 to be a year of strong
continued growth, that will be based mainly on high margin
recurring revenues, but which will also be significantly enhanced
by our growing distribution and international presence. We
looking forward to presenting our plan for 2013 and beyond on the
call scheduled for January
22nd."
On the call Mr. Adams will also discuss the significant progress
made in preparing to return the organization to full reporting
status. The Company has now received detailed preliminary
tabulated financial results from its financial staff for financial
quarters ending June 30, 2011,
September 30, 2011, December 31, 2011, March
31, 2012, and June 30, 2012.
Additionally, the Company received detailed preliminary tabulated
financial results for fiscal years ending June 30, 2011 and June 30,
2012. The Company is in the process of completing similar
results for the period ending September 30,
2012, so as to offer completed financial reports to
investors. The Company plans to use these tabulated financial
results to file with industry and government regulatory
organizations and agencies.
Participation details for the conference call will be released
at a later date. Investors are encouraged to offer
suggestions of topics to be covered and questions they would like
answered via email at info@medalarmco.com.
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. 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,
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 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.
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.