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MDCE Medical Care Technologies Inc (PK)

0.0019
-0.0002 (-9.52%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Medical Care Technologies Inc (PK) USOTC:MDCE OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0002 -9.52% 0.0019 0.0017 0.0021 0.0021 0.0015 0.002 5,319,499 21:02:25

Medical Care Technologies Inc. Sets Out Plans to Improve Child Health in China

04/10/2011 2:30am

PR Newswire (US)


Medical Care Technologies (PK) (USOTC:MDCE)
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BEIJING, Oct. 3, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE) -- Timing is everything, and this is certainly true for Medical Care Technologies Inc. For those of you following the growth of the corporation, we know that it has been moving towards opening the first health and wellness center in the very near future. The question remains, however, why? Why paediatric care?  Well, it seems that with all of the great strides in healthcare that have occurred in China, paediatric care has been left behind. Don't get me wrong, some pretty amazing things have been accomplished, especially when we talk about infant mortality rates and vaccinations. The country has excelled in those areas. The infant mortality rate, a measure often used as an indication of general health status within a country, has dropped from 138/1000 deaths in 1958 to 14/1000 in 2010. The vaccination program began in the 1950s and by the early 1960s, included vaccines for smallpox, pertussis, diphtheria and tetanus. These programs have been so successful that the World Health Organization has recognized the Health Ministry repeatedly, and the rate of vaccination has reached nearly 99%. Almost unheard of in other countries.

Unfortunately, while this success has been growing, paediatrics as a specialty has lost ground, to the point where it is no longer recognized as a medical specialty. Currently, there are only 60 paediatric hospitals training paediatricians, with each hospital only training about 30 doctors a year. It is estimated that there is a critical shortage of paediatricians, somewhere around 200,000 to few paediatricians. At the current rate of training it would take 100 years to bridge the gap. And we know from the Chinese Medical Doctor Association statistics that at least 600 million children between infancy and 14 years of age fall ill annually. The number of paediatricians has increased by a mere 5,000 over the last 15 years. Certainly, nowhere close to the need. As Dr. Zhu Zonghan said at the recent China-US paediatrics development forum held in Shanghai, "Paediatric work in China, since its establishment, has progressed substantially in areas of offering healthcare to children, lowering the death rate of children and providing a healthy environment in which children can grow up. But as the need for paediatricians has grown over the years, a lack of well-trained paediatricians has emerged."

This is where Medical Care Technologies Inc. comes in. Each health and wellness center opened will offer the highest standard paediatric care possible. But along with that, we plan to offer training sessions so that doctors (and nurses) can become more familiar with the types of conditions that are prevalent, the latest in treatments and protocols. And we will be providing a range of wellness care programs so we will not only be treating the ill, but will offer ways for families to prevent sickness and ill health.  This is a very exciting venture for us, and we look forward to taking part in changing the healthcare landscape in China and building on the excellent example that has been made so far.

Dr. Mark J. Langweiler, DC, DAAPM is the Medical Advisor for MDCE. He is also Senior Lecturer in Anatomy and Neuroanatomy at the Welsh Institute of Chiropractic, University of Glamorgan, Treforest, United Kingdom. Prior to his appointment at Glamorgan, Dr. Langweiler was the Director of Integrative Medicine at Atlantic Hematology Oncology Group in Galloway, NJ, USA.

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 news article, 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.

For more information on Medical Care Technologies, Inc. please visit: www.medicaretechinc.com



For Further Information:

Contact: Shu Bei

Tel: (852) 8122-9660

Email: contact@medicaretechinc.com

Web: www.medicaretechinc.com





SOURCE Medical Care Technologies Inc.

Copyright 2011 PR Newswire

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