KING OF PRUSSIA, PA- (NewMediaWire) - February 10, 2015 - Medical
Alarm Concepts Holding, Inc. (OTC
PINK: MDHI) (MDHI) (the Company), creator of the patented
MediPendant® personal medical alarm device that provides users with
a reliable and innovative way to communicate with emergency
personnel and loved ones whenever medical assistance is needed,
today announces record demand for its newly launched next
generation mobile medical alert device, the iHelp™.
Medical Alarm Concepts has had an
overwhelmingly positive response from dealers and distributors
regarding the features, functionality, and affordability of the new
iHelp™ mobile medical alarm. From the initial one thousand (1000)
manufactured units received by Medical Alarm Concepts last week,
two hundred and fifty (250) units have now been shipped to
distributors, while another two hundred and fifty (250) are
scheduled for shipping. Early market feedback demonstrates that
demand for the iHelp™ could surpass Medical Alarm Concepts'
inventories. In anticipation of this increase in demand, the
company has ordered additional units for delivery as soon as
possible.
Mobile medical alarms or mPERS enable the user to wear and use
their medical alert pendant both inside and away from their home.
Unlike regular home medical alert systems, these mobile medical
alert pendants will work anywhere there is cellular service,
enabling even active users to enjoy the benefits of a medical alarm
while on the go. According to market research firm, Frost &
Sullivan, the mPERS market is expected to gain significant traction
to become the preferred single emergency deployment technology for
new sales by the end of 2017.
With the launch of the iHelp™, Medical Alarm Concepts has
positioned itself for expansion and growth. And, in its commitment
to ensure full transparency with shareholders, Medical Alarm
Concepts is also currently in the process of finalizing all
financials for its second quarter filings ending December 31, 2014.
These current filings would continue its pledge to file all SEC
documents in a timely manner.
Preliminary unaudited highlights for the second quarter filings
include growing sales quarter-over-quarter, as well as increases in
expenses solely attributed to the development of the iHelp
™, including manufacturing, research & development and
marketing expenses, in addition to increased overhead costs due to
new personnel hires. Medical Alarm Concepts is confident that the
launch of the iHelp™, the continuing research and development of
new products and services, and an updated business plan, will
translate to increased gross profits that will far outweigh the
current increases in expenses.
"The mobile medical device market presents an exciting
opportunity for Medical Alarm Concepts. We've launched the iHelp™
with an expressed objective of providing a unique, innovative, and
affordable solution for seniors and anyone concerned about their
well-being. We anticipate continued growth in demand for the iHelp™
medical alert device and are continuing to develop other products
in the evolving mobile medical arena. This is just the
beginning," said President and CEO, Ronald Adams.
For more information about the iHelp™, please visit our website
at www.ihelpalarm.com.
About Medical Alarm Concepts Holding, Inc.
Medical Alarm Concepts Holding, Inc., a publicly traded company
under the symbol MDHI, is the creator of the MediPendant® a
patented two-way and three-way medical alarm, as well as the iHelp™
mobile medical alert, a state-of-the-art mobile personal emergency
response system (mPERS). The MediPendant® has been featured in
nationally renowned retailer Costco Wholesale Corporation since
2011 and has received 28 product reviews on the retailer's website,
21 of which are "5 out of 5 Star" ratings. The average rating is
"4.5 Stars" out of 5 Stars.
For more information, please visit our website at www.medipendant.com.
Safe Harbor Statement
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements."
Such forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the
Company's actual operating results to be materially different from
any historical results or from any future results expressed or
implied by such forward-looking statements. In addition to
statements that explicitly describe these risks and uncertainties,
readers are urged to consider statements that contain terms such as
"believes," "belief," "expects," "expect," "intends," "intend,"
"anticipate," "anticipates," "plans," "plan," to be uncertain and
forward-looking. The forward-looking statements contained herein
are also subject generally to other risks and uncertainties that
are described from time to time in the Company's filings with
Securities and Exchange Commission.