BEIJING, June 23, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a growing children's healthcare service provider, announced today that, with financing in place, it will begin construction on its new pediatric center.
Teddyberry™ and Company, the new name of the health center, is a 4,000+ square foot children's health and wellness facility strategically situated in the heart of Dongguan's high end commercial district, and is within close proximity to major international schools, educational tutoring facilities and other medical entities. The location will encourage partnerships and allow Teddyberry™ to capitalize on synergies between the various organizations at the emerging healthcare destination.
The new top-tier pediatric facility will focus on the unique and varied needs of children and bring a depth of specialized healthcare that isn't offered today in Dongguan. The Teddyberry™ healthcare facility will provide access to a full-line of preventative pediatric care to the Megacity region through coordinated patient-centered healthcare services, medical and allied training, educational programs as well as pediatric prevention services and child advocacy programs.
In addition to being child and family-friendly, Teddyberry™ will incorporate high performance, environmentally friendly and sustainable design concepts into the clinic. Management will be actively involved in the planning and design of the center. The Company's design team consists of internal and external healthcare business experts, clinicians, architects and individuals collaborating to provide critical insight into pediatric care delivery. In keeping with Medical Care's commitment to excellence, the Company has already engaged well-renowned and highly respected design and planning consultants with a depth of experience in healthcare design. Site work is anticipated to begin in July and Management fully anticipates meeting its opening deadline before spring 2012.
"We have worked very hard on this project for many months now and our dream of building a state-of-the-art children's health and wellness center for Dongguan and its neighboring areas is finally coming to fruition," said Luis Kuo, COO of Medical Care Technologies Inc. "We are creating an integrated pediatric healthcare system for the future that will have far reaching benefits."
About Medical Care Technologies Inc.
Medical Care Technologies Inc. is traded under the symbol MDCE on the OTCBB and is headquartered in Beijing, China. MDCE, through joint ventures or Chinese subsidiaries, develops a network of children's health facilities in the larger urban areas throughout China. Services are geared towards the advancing economic middle-class and upper class Chinese families. Specializing in the care of children between the ages of 3 to 16, MDCE's role is to enhance the overall well-being of the family and community and to expand its pediatric services to include preventative health and wellness education. MDCE, through its children's health facilities, will also distribute a diverse range of industry-leading pharmaceutical and nutraceutical product lines. MDCE's main mission is simple – to become a healthcare service provider 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.