MDHI to Hold Conference Call Thursday, Jan 31st to Discuss Business
Growth and Positive Cash Flow - Releases Additional Financial
Results
KING OF PRUSSIA, Pa.,
Jan. 30, 2013 /PRNewswire/ -- Medical
Alarm Concepts Holding, Inc. (OTCPINK: MDHI), announced that CEO,
Ronnie Adams, will hold an investor
conference call on January 31, 2013
at 11AM EST. The Company is
also announcing the release of financial information and additional
financial disclosures updated to the end of the first fiscal
quarter Sept 30, 2012. Over the
past week, Medical Alarm Concepts Holding, Inc. has also released
financials for full fiscal years ending 2011 and 2012.
Mr. Adams commented, "We are very excited to be up to date on
releasing our financial results. While it is very important for us
to provide transparency into past financial periods, the financial
results we have recently released will not provide investors an
accurate portrayal of current corporate activities. The past few
months have been a period of great positive change for our
organization. We are currently experiencing a very strong
revenue growth rate, which has propelled us into a position of
positive operating cash flow. This rapid growth rate and our recent
successes are not reflected in these past financial statements, but
we are confident that moving forward, our investors will be able to
track our strong progress through the release of our future
financial statements."
"On the conference call we will outline where MDHI was during
2012 and where we are going in 2013 and beyond," Mr. Adams
continued. "We are expecting 2013 to be a year of strong
continued growth that will be based mainly on high margin recurring
revenues, which will also be significantly enhanced by our growing
distribution and international presence. We look forward to
presenting our plan for 2013 and beyond."
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 email topics they
would like covered and questions they would like answered to the
company at info@medalarmco.com.
The financial disclosures being made available today and results
for fiscal years ending 2011 and 2012, in addition to results for
Fiscal Q1 2013, can be accessed at the following link:
http://www.mediafire.com/view/?c3mtlqsg2c7pbpo
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.