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Medical Alarm Concepts(TM) Announces Distribution Agreement With Leading Drug Store Chain in Metropolitan New York City Area(March 30, 2010)
PLYMOUTH MEETING, Pa., March 30, 2010 (GLOBE NEWSWIRE) -- Medical Alarm Concepts Holding, Inc. (OTCBB:MDHI), manufacturer of the MediPendant™, the only fully-monitored medical alarm system that allows you to speak and listen directly through the pendant, announced today that it has signed a distribution agreement with one of the largest drug store chains in the metropolitan New York City area. Under the terms of the agreement, the Company's MediPendant™ alarm device will be offered to retail customers in all of this drug store's approximately 250 stores as well as through the drugstore's website.
"We are pleased to have partnered with such a well-established organization for our launch into the pharmacy category. This is a great opportunity for us," said President Ronnie Adams. "We believe that the MediPendant™ is a perfect product to be offered through drugstores and pharmacies in grocery stores. We announced a distribution agreement with one of the leading grocery chains in the United States two weeks ago and we are also in discussions with several other drugstore and grocery chains. 2010 looks to be a very exciting year for us," continued Mr. Adams.
About Medical Alarm Concepts
Medical Alarm Concepts Holding, Inc. ("MAC") develops and manufactures innovative products and practical solutions within the framework of a vast growing marketplace. We have built our reputation in the personal emergency response system ("PERS") and medical alert industry. With patented technology and state-of-the-art services, MAC is uniquely positioned to mobilize the right people, skills and alliances to ensure success and client satisfaction. Our design and support philosophy emphasizes industry best practices, while providing polished and savvy solutions. MAC's latest innovation is the development of its two-way voice speakerphone pendant technology. For more information, please visit our website at http://www.medicalalarmconcepts.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.
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