KING OF PRUSSIA, PA / ACCESSWIRE / September 15, 2014 / Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI) (OTC Pink: MDHI) (PINKSHEETS: MDHI), today announced the completion and filing of its 10-Q for the quarter ending September 30, 2013.
The work was conducted by Paritz & Company, P.A. and the filing of Form 10-Q with the Securities & Exchange Commission was for the fiscal quarter ending Sept 30, 2013. The Company is in the process of preparing additional Commission filings in an effort to get current, including its December 31, 2013 Q, March 31, 2013 Q, and June 30, 2014 10-K, which it plans to release as soon as possible.
Mr. Ronnie Adams, CEO, commented, "Full transparency to our investors and to the public is very important to Medical Alarm Concepts at this point. Revenues year to year have increased 83%, and profit increased from a loss of $125,000 to a profit of 7,000 for the quarter ending September 30, 2013. As additional filings are released, it will be easy to see how much we have grown and how stable a company we have become to date. We are very pleased with the progress we have made."
About MDHI
Medical Alarm Concepts Holdings, Inc. (MAC) develops and manufactures innovative products and practical solutions within the framework of a vast growing marketplace. MediPendant's(R) patented two-way voice technology enables the user to speak and listen directly through the pendant no matter where the user may be in and around their home. MediPendant(R) service also includes advanced features such as three-way calling that enables the operator to link loved ones directly into the emergency call in real time. Text message alerts are also standard, and are used to inform loved ones that the user has contacted an operator or has requested assistance. A standard medical alert system does not enable the user to speak and listen through the pendant, thus limiting them to a small area in their home. There is always the risk that the user will not be heard by the call center operator if they are not within a short range of the base station. 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.
CONTACT:
Medical Alarm Concepts Holding, Inc.
877-639-2929 Ext. 113
SOURCE: Medical Alarm Concepts Holding, Inc.