"Our business has clearly turned the corner with operational positive cash flow occurring during the recently completed March 2013 quarter," commented Ronnie Adams CEO. "We expect this operational profitability to be sustainable as we have built our business mainly on high-margin recurring revenues. Our investors should expect a continuation of the dramatic strengthening of our balance sheet that has occurred over the past few quarters. Over the next few months, we expect to emerge as a fast growing, fully reporting, profitable small company free of all long-term debentures and with a near zero balance on our credit line."
About MDHIMedical Alarm Concepts Holdings, Inc. (MAC) develops and manufactures innovative products and practical solutions within the framework of a vast growing marketplace. MediPendant's™ 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™ 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 PERS 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.
Contact:
Medical Alarm Concepts Holding, Inc.
877-639-2929 Ext. 113
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