Medical Care Technologies Inc. Advances Discussions to Expand Pediatric Healthcare Operations in Beijing

BEIJING, July 11, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a rapidly growing children's healthcare service provider, announced today that it has now entered into the next stage of license application approval talks to operate pediatric health centers in Beijing.

With its first approval now granted in Dongguan, Guangdong Province, Medical Care Technologies Inc. is expanding its sphere to develop and operate integrated children's health centers in new provinces throughout China. After a series of meetings last week with government health officials, Management is confident that approval is imminent for expansion in Beijing, provided all the necessary requirements are met throughout the license application process.

"This is a major step forward and we are delighted and enthusiastic about being selected to operate in Beijing. Our subsidiary, Teddyberry™ and Company, can now expand and give children quality healthcare and afford their families the comfort of knowing their children are in good hands," stated Ning Wu, Chief Executive Officer of Medical Care Technologies Inc.

As China continues to develop into a global economic power, many areas of the country's infrastructure will have to grow as well, among which healthcare is key. Consequently, the government has heavily invested in healthcare spending, especially children's healthcare, 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).

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.).  It is in this market niche that the Company wishes to service the demand. The first Teddyberry™ health and wellness center in Dongguan, China is forecasted to open in fourth quarter 2011.

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.

SOURCE Medical Care Technologies Inc.