BEIJING, May 25, 2012 (GLOBE NEWSWIRE) -- Medical Care Technologies Inc. (OTCBB:MDCE), a growing children's healthcare service provider, is pleased to announce the recent appointment of Peter Verner as Senior Communications Advisor. The position was created in order to improve the Company's public relations initiatives, and as a means of ensuring better communication with the shareholders, media (North America and China), and the Company.
Peter is an influential, veteran journalist and spent 20 years as an award-winning Producer with CBC Television, News & Current Affairs. He has worked as Director of Communications in Canadian politics since 2004 and, in 2006, founded The Edge Communications, a public relations consulting firm providing communications strategies for numerous start-up and mid-size organizations. Peter graduated in 1971 from Sandhurst, Royal Military Academy.
"With Peter's wide experience as a communicator and his deep interest in China and its people, we feel that he will make a valuable contribution to our efforts in relaying timely information to our shareholders at a very exciting time in the Company's development," said Luis Kuo, Chief Operating Officer of Medical Care Technologies Inc.
Ning Wu, Chief Executive Officer of Medical Care Technologies Inc., had this to say: "As we near the construction and opening of our first children's health center in China, it is one of Management's goals for 2012 to create better information flow to our shareholders and between our employees and consultants in North America and China. Our objective in hiring Peter is to ensure that our entire Team is aligned with communication priorities amongst ourselves and, more importantly, our shareholders."
The Company also wishes to address the recent fifth letter identifier "E" which was added to its stock symbol on May 22, 2012 as a result of certifications required by the U.S. Securities and Exchange Commission being inadvertently omitted from its recent Form 10-Q filing. Management reacted quickly and took appropriate steps once the certification omission problem was identified and filed an amendment on Form 10-Q/A on May 24, 2012. "Once identified, we were ready to remedy our filing delinquency," stated Ning Wu, "We thank our shareholders for their patience and understanding and our Team is here to serve your needs and to focus on building shareholder value."
About Medical Care Technologies Inc.
Medical Care Technologies Inc. is traded under the symbol MDCE on the OTCBB and is headquartered in Beijing, China. MDCE, through joint ventures or Chinese subsidiaries, develops a network of children's health facilities in the larger urban areas throughout China. Services are geared towards the advancing economic middle-class and upper class Chinese families. Specializing in the care of children between the ages of 3 to 16, MDCE's role is to enhance the overall well-being of the family and community and to expand its pediatric services to include preventative health and wellness education. MDCE, through its children's health facilities, will also distribute a diverse range of industry-leading pharmaceutical and nutraceutical product lines. MDCE's main mission is simple – to become a healthcare service provider leader in children's health. Information on the Company can be found at www.sec.gov and the Company's website at www.medicaretechinc.com.
Safe Harbor Statement
All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: MDCE's products, services, capabilities, performance, opportunities, development and business outlook, guidance on our future financial results and other projections or measures of our future performance; the amount and timing of the benefits expected from strategic initiatives and acquisitions or from deployment of new or updated technologies, products, services or applications; and other potential sources of additional revenue. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing MDCE's products and services, ability to deploy MDCE's services and products, market acceptance of our products and services; operational difficulties relating to combining acquired companies and businesses; our ability to form and maintain mutually beneficial relationships with customers and strategic partners; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet, information technology and healthcare and pharmaceutical industries, and our ability to attract and retain qualified personnel. Other risks and uncertainties may include, but are not limited to: lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the global economy, and compliance with federal and state regulatory requirement. Further information about these matters can be found in our Securities and Exchange Commission filings. We expressly disclaim any intent or obligation to update these forward-looking statements.
CONTACT: For Further Information: Candy Wang Tel: (852) 8122-9660 Email: firstname.lastname@example.org Web: www.medicaretechinc.com