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 email@example.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.
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.
Medical Alarm Concepts Holding, Inc.
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