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Medical Alarm Concepts Announces Agreement With Largest Private Home Medical Equipment Company in New York Metro Area(March 18, 2010)
PLYMOUTH MEETING, Pa., March 18, 2010 (GLOBE NEWSWIRE) -- Medical Alarm Concepts Holding, Inc. (OTCBB:MDHI), manufacturer of the MediPendantTM, the only fully-monitored medical alarm system that allows you to speak and listen directly through the pendant, announced today that it has signed an exclusive agreement with Landauer Metropolitan, Inc. (LMI) to promote the Company's premier medical alert device, the MediPendantTM. LMI is the largest privately held home medical equipment company in the New York metropolitan area.
LMI currently services more than 75 health insurance benefit organizations in addition to Medicaid and Medicare. Under the terms of the contract, LMI will be marketing and promoting the MediPendant™ to its existing customer base as well to its other various distribution channels. "We think this relationship is the perfect fit for our MediPendant™ program. Our companies share the same goal -- for our customers to live as comfortably and independently for as long as possible," said Paul Green, VP Sales and Marketing of Medical Alarm Concepts Holding.
As part of the Agreement, LMI MediPendant™ customers receive a concierge service package with their medical alarm. This includes free shipping, discounted monitoring, and enrollment in the medical ID wallet card program. The wallet card ID program allows the end user to be connected to the central station even when they are away from their home. "The wallet card ID program is additional peace of mind for our customers," said Paul Green. "If the customer is in the mall, for example, and needs assistance, they simply call the number on the ID card and provide the call center operator with the personal ID code that is on the card. The ID code is linked to the customer's personal information at the call center. The call center operator can then send assistance, notify the emergency response team of any issues the customer might have, and contact loved ones if necessary. It's a very successful program."
About Medical Alarm Concepts
Medical Alarm Concepts ("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.
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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