BEIJING--(Marketwire - February 08, 2010) - Medical Care Technologies Inc. (OTCBB: MDCE) today announced that the company has begun development of a secure Cellular-Based Tele-Health Suite™ that enables users to easily transmit vital signs data via the cellular network, to healthcare professionals utilizing the Medsuite™ application. Tele-Health Suite™ is a provision of healthcare services using telecommunication technology to provide healthcare solutions over a geographic distance. Cellular access to Tele-Health Suite™ allows patients to keep their health regime intact, while being mobile at the same time. According to statistics, China's mobile phone usage has been accelerating at a rapid rate in recent years. The nation hit the 400 million subscriber mark in February 2006; it then took 16 months to top the 500 million mark in June 2007 and another 12 months to reach the 600 million mark. Currently, China has over 700 million mobile phone users in its cellular network.
As the global healthcare market slowly changes from a traditional healthcare system to a more modern electronic healthcare system, that utilizes technology through increased usage of electronic health systems like Tele-Health Suite™, we will see limited need for the hospitalization and physical movement of patients as well as enriched health system service coverage. Tele-Health Suite™ will ultimately decrease hospital visits, thereby decreasing the overall cost of healthcare expenditure. Ning Wu, president of Medical Care Technologies, stated, "We are of the belief that Telehealth through cellular networks is going to be an important component of the modern healthcare system and will decrease pressure on the existing healthcare infrastructure. We think the Chinese market will witness substantial growth in the near future as a result of an increasing population, increase in life expectancy, increasing per capita income, and the substantial increase in Internet and cellular phone penetration in China."
About Medical Care Technologies Inc.
Medical Care Technologies Inc. (www.medicaretech.com) is traded under the symbol MDCE on the OTCBB and is based in London, England. The Company is in the process of moving its portfolio of oil resources into medical care technologies. The products/services that the company hopes to acquire are intended to constitute a healthcare delivery and wellness site, dedicated to helping Asian consumers live healthier, more balanced lives. MDCE is planning to provide advanced connectivity, internationally standardized and secure business technology and information systems to assist the Asian health industry -- physicians, pharmacists, medical institutions, and consumers -- in accessing medical resources, health services, education, wellness and pharmaceutical products throughout Asia. MDCE is planning to distribute and provide services at a diverse range of industry-leading product lines in three segments: Medical Devices, Pharmaceuticals and Nutraceuticals. Further information on the Company can be found at www.sec.gov and the company's website at www.medicaretech.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. There can be no assurance that the acquisition of GUC's assets
will close. MDCE must issue 57,300,000 shares of its common stock to GUC,
or GUC's designees in order to close the acquisition. Accounting for the
anticipated cancellation of 57,300,000 shares by Patricia Traczykowski,
MDCE will have 98,900,000 shares of its common stock issued and outstanding
upon the closing of the acquisition.
For Further Information:
Ezra Smith
C. Jones Consulting, Inc.
Tel: (727) 771-9500
Fax: (727) 771-9545
Email: cjones@cjonesconsulting.com
Web: www.cjonesconsulting.com