BEIJING, June 13, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a growing children's healthcare service provider, announced today its plans to expand its pediatric healthcare operations to other provinces in China.
With the official license to operate its first pediatric healthcare center in the City of Dongguan firmly approved in principal, the door is opened for Medical Care Technologies Inc. to further expand and develop additional pediatric health and wellness centers in new provinces throughout China. Management is currently in negotiations with officials to expand in Heilongjiang, Beijing, and Shanghai.
The Company is now developing up to five more healthcare centers to be operational within the next two years. The state-of-the-art facilities will range in size from 3,000 to 8,000 square feet and cater to young children from three years of age to their teenage years. The health centers will offer a full range of inpatient services to both expatriates' families and the Chinese communities. Management's development strategy will utilize an integrated concept of primary facilities and satellite clinics in each geographical location, thereby offering a high quality of healthcare services to the large local Chinese market. Assuming that the final Chinese government approvals and plans for financing the health centers are completed soon, the facilities will be constructed and opened in phases starting in 2012.
"With the imminent approval of our first children's health center, Teddyberry™ and Company, we are now ready to take the next steps in the development of our pediatric healthcare network," Ning Wu, President and CEO of Medical Care Technologies Inc. commented. "We believe the growth potential to be tremendous and future Teddyberry™ facilities are now in the planning stages."
"This is a major step forward and we are delighted and enthusiastic about being selected to open our children's health centers in China. Our Company can now grow and give children quality healthcare and afford families the comfort of knowing their children are in good hands," stated Luis Kuo, Chief Operations Officer of Medical Care Technologies Inc.
Medical Care Technologies Inc. will discuss its growth and expansion plans as a featured guest on "Your Monies Worth" radio broadcast show on Friday, June 17, 2011 at 10:00 a.m. on WSBR Radio 740AM South Florida, and worldwide on the web at www.wsbrradio.com.
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.