Medical Care Technologies Inc. Gains Full Licensure from Government

BEIJING, Aug. 1, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a rapidly growing children's healthcare service provider, today announced that it has gained full licensure from two government departments to operate its children's health and wellness center in Dongguan, Guangdong Province, China.

Medical Care Technologies Inc. moves another step forward in its project to bring an enhanced and integrated healthcare service to children and their families. Dongguan's Department of Urban Planning and Dongguan's Department of Health have given the Company the green light and have approved the site plan for a new children's health and wellness center. The approvals mark a major step forward for the Company's plan to bring a higher level of healthcare for communities in China's southern Guangdong Province.

The Company's Chinese subsidiary, Teddyberry™ and Company will locate its first 4,000+ square foot flagship children's health center in Dongguan, located within a metropolitan area of 10 million people with an estimated 1 million children.

This is a momentous occasion for our team, but it's also great news for our surrounding communities and the patients and families we will have the pleasure to serve," said Luis Kuo, Chief Operating Officer of Medical Care Technologies Inc. "The establishment of this health center is truly an advancement in integrated healthcare in this community, and one that will impact the lives of many children and families in years to come."

The approval of the project is the culmination of many months of strategic planning, including the formation of a world-class Medical Advisory Board with the right mix of expertise and compassion, and a recently held corporate summit held in Dongguan and Beijing with the Board of Directors, Management Team and Chinese health officials.

"We're excited to move forward with our plan to better meet the growing healthcare needs of children and their families," said Ning Wu, President and Chief Executive Officer of Medical Care Technologies Inc. "We appreciate the continued support of city and provincial leaders and we look forward to working together."

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.

For Further Information:
Contact: Shu Bei
Tel: (852) 8122-9660
Email: [email protected]
Web: www.medicaretechinc.com

SOURCE Medical Care Technologies Inc.