Category: Investment, Medical Technology
Microcap Stock Alert: Medical Alarm Concepts Holding (OTC:MDHI) up 12%
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News about: Medical Alarm Concepts Holding, Inc.
Point Roberts, WA - March 11, 2013 (Investorideas.com Newswire) Investorideas.com, a leader in sector research for investors, issues a trading alert for medical device company, Medical Alarm Concepts Holding, Inc. ( OTCQB: MDHI.PK ). The stock is trading up at $0.0028, gaining 0.0003 or 12.00% as of 12:24PM EDT on over 467,000 shares.
Last week the Company reported it has received an investment led by strategic partner, JTT-EMS LTD of Shijiazhuang, China. Under the terms of the investment, JTT-EMS purchased restricted common stock, which it plans to hold as a long-term investment. The financing, including additional investments by current shareholders, will total approximately $330,000.
The Company also recently announced an update with details about its recently accelerating growth rate and a contract signed with a diversified national insurer where Medical Alarm Concepts will become a provider of personal medical alarms.
According to the release, "Under the terms of the new agreement, the diversified national insurer will offer the Company's MediPendant® product and monthly monitoring services to subscribers of selected healthcare programs. Additionally, the Company's MediPendant® product has been, or may be, included in their dual demonstration programs (Medicare and Medicaid) related contracts on which Coventry Health Care, Inc.( NYSE:CVH ) may bid. Additional information regarding this contract can be viewed on the website hosted by the US Securities & Exchange Commission at the following link:" http://www.sec.gov/Archives/edgar/data/1443089/000147124213000073/mdhifeb262013.htm
Full news: http://www.investorideas.com/news/2013/biotech/03041.asp
Additional information on the MediPendant can be viewed at www.MediPendant.com .
Medical 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.
Medical Alarm Concepts Holding, Inc.
877-639-2929 Ext. 113
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