Medical Care Technologies, Inc. Unveils Name of Flagship Children's Healthcare Center
BEIJING,June 10, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a children's healthcare service provider, announced today that Teddyberry and Company will be the name of its new, flagship, children's healthcare center in Dongguan, China. The name has been unveiled in advance of the Company's preparations to break ground on the new facility in early July.
Located in the prime, Class A, Zhong Xin Commercial Plaza, Teddyberry and Company will be a state-of-the-art children's healthcare center, bringing coordinated and integrated healthcare services together under one roof. The new facility is also designed to function as a collaborative environment for other neighboring hospitals in order to deliver better care and more efficient service.
"Building better healthcare also means building everything around our little clients the children," said Luis Kuo, COO of Medical Care. "Teddyberry will deliver high-quality, convenient, coordinated and affordable value-added healthcare. This is a new model for healthcare in China, one which will improve the quality of services provided to children."
Teddyberry and Company is the first private, for-profit investment for Medical Care Technologies. In addition to serving the 300 patients expected weekly, Management also points out that development of the prime real estate space will generate nearly $2.3 million Chinese Yuan Renminbi (RMB) (US $500,000 est.) in construction employment and contribute an additional $30 million RMB (US $4.5 million est.) to the local economy, giving everyone reason to take pride in the development.
"We are making this investment in support of the high-quality healthcare patients deserve," said Ning Wu, CEO of Medical Care Technologies Inc.
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 toward 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: don@virmmac.com
Web: www.medicaretechinc.com
SOURCE Medical Care Technologies Inc.