BEIJING, Aug. 30, 2012 (GLOBE NEWSWIRE) -- Medical Care Technologies Inc. (OTCBB:MDCE), a growing American company providing children's healthcare services and Western healthcare products distribution in China, provides an update on the recent initiatives taken by its CEO and COO in Shenzhen and Hong Kong.
Medical Care Technologies Inc., through its Hong Kong subsidiary ReachOut Holdings Limited, will occupy approximately 4,500 square feet of street-level space in the 'Lui Jin Hua Yuen' building ('Green Gardens'), an upscale, multi-story, commercial and residential building complex on Huangge Road in Longgang District, north eastern area of Shenzhen. Constructed in 2010 and consisting of mixed-use lease space, the building is home to children's shops, convenience stores and a kindergarten school, with ample parking spaces surrounding the complex. The site is located in a high-pedestrian, affluent, upper-middle class neighborhood and is across the street from the Shenzhen Universiade Center, a 52 hectare landmark group of buildings housing world-class sports facilities, comprehensive service centers, convention and exhibition halls and major hotels.
The planned health center is also in close driving proximity to shopping malls, restaurants, bus and subway stations, hotels, supermarkets, elementary and middle schools and Longcheng Industial Park. It is expected that the Shenzhen health center will serve a community and broader metropolitan area of over 12 million people, including more than 1 million children between the ages of 1 and 14 years. The health center may also directly serve the two neighboring municipalities of Guangzhou and Dongguan, home to 25+ million residents as the site is a few minutes from the national highway which connects Shenzhen and Dongguan with a 20 minute drive.
"The location and physical layout of what we've leased could not be more ideal for the kind of innovative health care services parents in China have been demanding for their children for so long," said Medical Care Technologies Inc. CEO Ning Wu, following her first visit to the site just over a week ago.
As part of a high end building complex, constructed to conform to the highest standards of China's building codes, major construction work is not required. The Hong Kong and Canadian firms, G-Design Consultants Inc. and Art Team Inc., are undertaking the interior remodelling necessary to convert the open floor spaces into medical examination and treatment rooms, a dental hygiene and examination room and the retrofitting of high-quality, German-manufactured medical equipment, as well as a large reception area, children's play area, restrooms and administration offices.
"I can clearly picture in my mind what it will look like in just a few months," said COO Luis Kuo. "The kind of work needed, wiring and plumbing and drywall construction can be completed quickly here."
In addition to visiting the healthcare centre site, CEO Wu and COO Kuo held extensive meetings in Hong Kong and Shenzhen with key project partners and leading government health officials, instrumental in expediting the necessary regulatory approvals obtained by the Company in its groundbreaking eighteen-month quest to become China's first foreign, private pediatric healthcare provider.
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.