BEIJING, May 12, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a children's healthcare service provider, today announced the geographical location for its proposed children's health and wellness center. The City of Dongguan in southern China has been selected as the region of choice to establish the Company's first flagship pediatric clinic.
Dongguan, located in Guangdong Province, was chosen because of its progressive economics, recording 10.3% GDP growth for 2010 and; for 2011, the city's government is expecting an 8.5% GDP growth (Dongguan Today News). Dongguan forms part of China's "MegaCity" project where nine (9) cities will be formed into one. The MegaCity will consist of over 42 million people and this integrated system will allow residents to travel freely and use the health care system of all the connected cities.
Medical Care's scouting team is currently sourcing prime areas in Dongguan to erect a 3,000 – 5,000 square foot children's healthcare facility. It is expected that the planned health clinic will serve a community and broader metropolitan area of 10 million people, including more than 1 million children. The health center will also directly serve the two (2) neighboring municipalities of Guangzhou and Shenzhen, home to over 25 million residents. Management expects to decide on a final location for its first children's health clinic before the end of its second quarter.
"It was evident early in the citing process that the City of Dongguan was a perfect choice to establish our flagship pediatric center," stated Luis Kuo, Chief Operating Officer of Medical Care. "Our scouting team has received immeasurable assistance from the Dongguan community, as well as significant support from a host of medical professionals and civic leaders. There is a deep-seated dedication to taking care of people here."
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 and upper 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.