(World Press Release) BEIJING, CHINA ““ July 8, 2011 ““ Medical Care Technologies Inc. (OTCBB: MDCE), a growing children’s healthcare service provider, announced today that its Board of Directors, Management Team and Medical Advisory Board members recently met over a series of meetings in Dongguan and Beijing, China to plan the Company’s strategic operational next steps for the upcoming year.
Medical Care Technologies Inc., through its Chinese subsidiary, Teddyberryâ„¢ and Company, owns and operates private children’s health and wellness centers throughout China. The series of meetings over the course of five working days assembled the leadership teams to develop the planning framework of its pediatric operations for 2011 ““ 2012. Meetings included discussions on the implementation of integrated healthcare services, planning and budget development, future expansion cities, and other strategic objectives. Meetings also included several government health officials from various cities and provinces in China and further advanced previous discussions for license attainment in the larger and Tier-2 cities.
“Our vision is to create a world class children’s integrated healthcare system for our patients and their families. To do so requires planning and commitment. Our objective at these meetings is to ensure that our entire Management Team is aligned with operational priorities and that these form the basis of our long term vision of what we see as possible for our health centers,“ stated Ning Wu, Chief Executive Officer of Medical Care Technologies Inc.
“We had the opportunity to ensure we are all committed to the transformation of children’s healthcare in China and to the development of our capacity for effective implementation of our objectives, stated Dr. Mark Langweiler, medical advisor for Medical Care Technologies Inc.
The Company is poised to open its first Teddyberryâ„¢ and Company health and wellness center in Dongguan, China in fourth quarter 2011.
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: Don Griffin
Tel: (480) 251-1449 Fax: (810) 222-5453
Email: [email protected]
Web: www.medicaretechinc.com
Visit the publisher’s website: http://www.medicaretechinc.com
