BEIJING, July 9, 2012 (GLOBE NEWSWIRE) -- Medical Care Technologies Inc. (OTCBB:MDCE), a growing children's healthcare service provider, announces the following operational and corporate updates.
Operational
Our operations team, headed by Chief Operating Officer, Luis Kuo, has entered into discussions with a number of internationally-recognized manufacturers of cost effective, high quality, state-of-the-art medical equipment and clinical tools used by physicians and other qualified practitioners worldwide. Information on pricing, availability, shipping and installation is being gathered for retrofitting into the children's health centers. Partnerships with industry-leading manufacturers will be announced in the following weeks.
Luis Kuo stated, "We are building long-lasting relationships with many of the industry's most renowned medical manufacturers and suppliers and are reviewing opportunities for joint cooperation in anticipation of our expansion plans throughout Guangdong."
Corporate
The Company is pleased to announce the recent appointment of Dr. Mark Langweiler as Medical Director for its children's health centers in Guangdong Province, China. As Medical Director, Dr. Langweiler will oversee the current staff hiring process and implement a Western-style medical staff training program to ensure that all staff adheres to the highest level of standard in delivering healthcare to children in the health centers. Periodic reviews and statistical evaluations will be conducted to ensure compliance with medical and healthcare service protocols.
Ning Wu, Chief Executive Officer of Medical Care Technologies Inc. stated, "We are thrilled to appoint Mark to oversee our planned children's health centers throughout Guangdong. He will no doubt be a great role model for our medical staff and a trusted resource for our health center clients."
Dr. Langweiler added, "I am extremely privileged to have been appointed to this role and I am looking forward to working closely with clinical colleagues and staff across the organisation."
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 towards 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.