Medical Alarm Concepts™ Announces Roll-Out of the MediPendant™ at Albertsons
PLYMOUTH MEETING, Pa., July 13 /PRNewswire-FirstCall/ -- Medical Alarm Concepts Holding, Inc. (OTC Bulletin Board: MDHI), manufacturer of the MediPendant™, the first fully-monitored medical alarm system that allows you to speak and listen directly through the pendant, announced today that the Company has commenced roll-out of its MediPendant™ at Albertsons grocery stores.
Under the terms of the distribution agreement signed in March of this year, the Company's MediPendant™ alarm device will be offered by Albertsons in various locations throughout its grocery chain stores, including, but not limited to, the pharmacy section. The particular offering of the Company's MediPendant™ program to customers of Albertsons, will also include one free month of monitoring services, and an associated "lock box" device that enables the EMT-certified operator to provide the access code to the ambulance personnel prior to arriving at the home. A lock box enables the ambulance personnel to avoid having to break into the home or waste valuable time finding a source of entry.
"We are very pleased to be able to announce that Albertsons will now be offering our next generation personal emergency response system throughout their stores. Albertsons currently has over 250 pharmacy based stores and we believe our presence there will add tremendous value to our operations," said Howard Teicher, CEO of Medical Alarm Concepts Holding. "We expect this partnership will open up for additional distribution agreements with leading retail chains. Our technology of being able to have a two-way call through the pendant with a range of 600 feet, versus being dependent on the competition's base-unit inside, is receiving a lot of interest. We are excited about the potential of the MediPendant™," continued Mr. Teicher.
About Medical Alarm Concepts
Medical Alarm Concepts Holdings, 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.
SOURCE Medical Alarm Concepts Holding, Inc.