BEIJING, Feb. 22, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTC Bulletin Board: MDCE) is pleased to announce the appointment of Mr. Luis Kuo to the role of Chief Operating Officer effective February 1, 2011. Mr. Kuo will be responsible for strategically spearheading the Company's operational initiatives in obtaining the necessary government licenses and, subsequently leading the development and operation of the Company's pediatric clinics throughout China.
Mr. Kuo, an executive businessman, has over 11 years experience in transforming companies from start-ups, to reorganizations, to joint ventures across the IT and healthcare sectors. His practice spectrum spans general management, business development, and sales and marketing.
Since 2004, Mr. Kuo has held the role of VP Sales at iNTERFACEWARE Inc., a leading software solution company in healthcare integration technologies. He has successfully secured strong partnerships between iNTERFACEWARE, international companies and government healthcare agencies. Mr. Kuo has led the company through strategic growth and positioned it to become one of the most recognized developers of mid-size HL7 Integration Engines globally. Mr. Kuo was instrumental in iNterfaceware Corp's receiving the HL7 2005 Award of Excellent, and Best Healthcare Innovation Award of the Year for North America. Prior to this VP role, Mr. Kuo was Senior Recruiter for North America for Netsuite Inc., a leading vendor of cloud computing business management software applications. In this role, he was responsible for the organization's senior executive staffing needs and was honored with a Significant Contributor Award for his invaluable contribution to the company.
Commenting on the new appointment, Madam Ning Wu, CEO and President of Medical Care, stated, "Effective leadership is the key to success for the competitive healthcare industry in China. We are excited to have Mr. Kuo join our team as his expertise will lead us in the Chinese healthcare sector and his experience shall give further impetus to our operations."
About Medical Care Technologies Inc.
Medical Care Technologies Inc. is traded under the symbol MDCE on the OTCBB and is headquartered in Beijing, China. The Company's planned products and services constitute children's health clinics and a healthcare delivery and wellness site; dedicated to helping Chinese consumers live healthier, more balanced lives. MDCE plans, through a Chinese subsidiary, to develop a network of children's health facilities in the larger urban areas throughout China. Services are geared towards the advancing economic middle-class Chinese families. In addition, MDCE provides advanced connectivity, internationally standardized and secure business, technology and information systems to assist the Chinese health industry - physicians, pharmacists, medical institutions, consumers – access medical resources, health services, education, and health products throughout China. MDCE will also distribute a diverse range of industry-leading product lines in three segments: Medical Devices, Pharmaceuticals and Nutriceuticals. It is the Company's goal to become a health care leader in children's health. Information on the Company can be found at www.sec.gov and the Company's website at www.medicaretechinc.com.
Safe Harbor Statement
All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: MDCE's products, services, capabilities, performance, opportunities, development and business outlook, guidance on our future financial results and other projections or measures of our future performance; the amount and timing of the benefits expected from strategic initiatives and acquisitions or from deployment of new or updated technologies, products, services or applications; and other potential sources of additional revenue. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing MDCE's products and services, ability to deploy MDCE's services and products, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and healthcare and pharmaceutical industries, and our ability to attract and retain qualified personnel. Other risks and uncertainties may include, but are not limited to: lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the global economy, and compliance with federal and state regulatory requirement. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.
SOURCE Medical Care Technologies Inc.