Fall Promotion Results in Blow Out Sales -- Expect to Sell Out of Inventory -- More MediPendant™ Product on Order from Factory
KING OF PRUSSIA, Pa., Oct. 16, 2012 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today announced it has kicked off its fall retail Internet sales promotion programs, which are resulting in extremely strong incremental sales. In order to meet this very strong demand, the company is in the process of hiring additional staff and acquiring additional MediPendant™ inventory via the acceleration of factory deliveries.
"It would be an understatement to say we are very excited about the very strong demand that has materialized from the current promotional activities," commented Ronald Adams, CEO. "Our customer service and shipping staff are working at 100% capacity as a result of very strong demand generated by our retail partnership, and due to continued strong demand for MediPendants™ ordered via our website."
Mr. Adams continued, "I am very proud to be the CEO of a growth company that is producing the world's first patented, voice-prompted, and monitored personal medical alarm with speak and listen through the pendant technology. Over the past two years we have significantly restructured our company, improving our balance sheet and enhancing our operations, in order to move the company into profitability. We now believe we have obtained our initial set of goals, and look forward to enhancing shareholder value by moving the company into operating profitability. We are expecting extremely robust sales to continue as a result of these and other promotional activities. We are well on our way to achieving the goals of our management team and those of our investors. The next course of action is to return the company to fully reporting SEC status, a process that is underway."
Additional information on the MediPendant™ can be viewed at www.MediPendant.com.
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.
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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.
Medical Alarm Concepts Holding, Inc.
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