MDHI Releases Financial Disclosures, Fiscal 2011 Financials -- To
Hold Conference Call on January 31st to Discuss 2013 Positive Cash
Flow
KING OF PRUSSIA, Pa.,
Jan. 22, 2013 /PRNewswire/ -- Medical
Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today announced the
release of financial disclosures through January 21, 2013 and fiscal year end 2011
financials. The Company plans a series of additional financial
disclosures over the next few weeks and filings on the Securities
& Exchange Commission and OTCBB websites that will offer
investors additional transparency into the sharp and positive
turnaround the Company has experienced over the past few
months. As a result of this turn around, Medical Alarm
Concepts is expecting positive cash flow profitability this quarter
(March 2013), throughout the coming
year, and beyond.
"Over the coming days our company will be releasing a
significant amount of financial information to our investors. The
disclosures we are making today and in the near future will go a
long way to providing transparency to how we have restructured our
Company and how we have returned to cash flow profitability,"
commented CEO, Ronnie Adams.
"We have rescheduled our conference call to January 31st at 11AM EST to discuss these results simply because
we wish to, prior to our call, show our recent financial
performance and offer forecasts for the coming year. What our
investors will hear on the conference call is that MDHI has
restored a robust revenue growth rate and that cash flow
operational profitability is expected for the full year Fiscal 2013
and beyond. The medical alarm space is growing at a very rapid rate
as the US population ages. Our unique, patented device is
riding this wave of growth. Please join us on January 31st to discuss the steps we have taken
to restore growth and profitability, and our plans for 2013 and
beyond. We are expecting 2013 to be a very strong year for
Medical Alarm Concepts."
For fiscal year ending June 30,
2011, the Company is reporting revenues of $452,110 and gross margins of 67%. During the
fiscal year period, the Company reported a loss of $825,070. The Company is expecting
significant growth in revenues and profitability for coming
periods.
The financial disclosures being made available today and results
for fiscal year ending 2011 can be accessed at the following link:
http://www.mediafire.com/view/?ab7u498wu910kvh.
To access the conference call, please dial (862) 902-0100
approximately 10 minutes prior to the 11 AM
EST start time on January
31st. When prompted for the conference call
access number, please enter "984404" and follow the instructions
provided. After his initial presentation, CEO, Ronnie Adams, will conduct a live question and
answer session with investors. While new questions will be accepted
during the call, investors are encouraged to e-mail topics they
would like covered and questions they would like answered to the
company 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.