Medical Care Technologies Inc.: China's Year of the Teddyberry

BEIJING, July 26, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE) - As China continues to develop into a global economic power, the country's infrastructure is also facing an upgrade as well. Key among its growth sectors is healthcare as evidenced by a heavy investment in government healthcare spending, especially children's healthcare.          

With China's growing middle-class population, the demand for advanced healthcare services has increased in step with the rising disposable income of its 1.3 billion people (est.) and the industry is forecasted to grow at a CAGR of over 16% for the period 2011-2013 (China Healthcare Sector Analysis: China Business, May 2011).

Medical Care Technologies Inc., through its Chinese subsidiary, Teddyberry™ and Company, has graduated from its development phase and has broken ground on the first of many planned private children's health and wellness centers throughout China.

The Flagship Facility in China's progressive 'megacity' in Dongguan, Guangdong Province is scheduled to open its doors in the last quarter of 2011, and already the Company has received additional backing to fast track the licensing process for its next location in Beijing.

"The healthcare industry here in China is looking for solutions that we provide, so there is very strong interest in our Company. We moved very quickly through the licensing phase in Dongguan and, with the additional funding, we can accelerate the development and proof of concept with a second location of our children's health centers," stated Luis Kuo, Chief Operations Officer of Medical Care Technologies Inc.

The enthusiasm from the Chinese government and investors has created uplift in the Company's near and midterm growth strategy and was a spotlight topic in the Company's recent series of meetings. A corporate summit with the Board of Directors, Management Team and Medical Advisory Board members was recently held in Dongguan and Beijing to plan the Company's strategic operational next steps for the upcoming year.

The series of meetings took five working days to conclude and the leadership teams emerged with clear plans for the framework of its pediatric operations for 2011 – 2012 in an enthusiastic business climate.  Also present were several government health officials from various cities and provinces in China to advanced previous discussions for license attainment in the larger and Tier-2 cities.

Ning Wu, Chief Executive Officer of Medical Care Technologies Inc. had this to say: "Our vision is to create a world class children's integrated healthcare system for our patients and their families. To do so requires planning and commitment. Our objective at these meetings is to ensure that our entire Management Team is aligned with operational priorities and that these form the basis of our long term vision of what we see as possible for our health centers."

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

For Further Information:
Contact: Don Griffin
Tel: (480) 251-1449     Fax: (810) 222-5453
Email: [email protected]
Web: www.medicaretechinc.com

SOURCE Medical Care Technologies Inc.