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 firstname.lastname@example.org.
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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