LOS ANGELES, Feb. 29, 2012 /PRNewswire/ -- BG Medical
Technologies, Inc. (OTC:RIGH) is set to engage an $11 billion dollar tele-healthcare market in
addition to the projected $14 billion
dollar medical marijuana market, with Internet and
smartphone applications to support growing trends of natural
medicine and wellness care.
Healthcare costs in the United
States are some of the highest in the world leaving many
Americans uninsured, under-insured, or living in communities
without access to affordable care. This problem worsens as US
healthcare costs continue to rise each year. For those who can
afford healthcare, new problems are introduced. The Centers for
Disease Control and Prevention report that half of all Americans
will be diagnosed with a mental illness during their lifetime.
Celebrity prescription drug deaths dominate media headlines, and
pharmaceutical-related drug deaths now outnumber traffic fatalities
in the United States.
BG Medical Technologies is introducing safe and affordable
alternatives to traditional healthcare with Internet-based
applications that support nutraceutical and medical marijuana
treatments. Recently the company announced development of a
diagnostic device that is designed to provide physicians with data
to chart medical marijuana effectiveness over time. These systems
will be made available to marijuana-recommending doctors and will
include the ability to instantly link diagnostic data to a remote
network of naturopathy doctors for further on-site and remote
patient care. Patients will be apprised of additional diagnostic
findings and be given the option to pursue adjunct natural
therapies in addition to medical marijuana treatments.
"We've all had the experience of having our car serviced for a
noticeable problem only to learn that once the mechanic examined
under the hood, more parts were wearing out that endangered our
safety," stated Angel Stanz, CEO.
"We are making this type of preventative maintenance available to
everyone. This is expected to save tens of thousands of dollars in
out-of-pocket healthcare expenses per patient."
BG Medical is designing these systems to reduce patient costs
while providing additional shared revenue to participating medical
marijuana doctors, caregivers, and licensed naturopath physicians.
More information on how this technology will interact with patients
and doctors can be found in the company's articles section of their
corporate website.
About BG Medical Technologies
BG Medical Technologies develops ancillary support services for
medical cannabis patients and professionals, including its flagship
medical marijuana research laboratory and website portal,
BudGenius.com. BG Medical Technologies, Inc. currently trades under
the symbol OTC:RIGH. Symbol and name change pending.
http://www.BgMedTech.com
BG Medical Technologies and its companies do not sell, grow,
harvest, cultivate, nor distribute medical cannabis. None of the
statements made herein have been evaluated by the FDA, and
therefore should not be construed as dispensing medical advice or
making claims regarding the cure of diseases.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact:
Angel Stanz
Chief Executive Officer
pr(at)bgmedtech(dot)com
(855) 723-3283
SOURCE BG Medical Technologies, Inc.