Medical Care Technologies Inc. Signs Operating Lease for New Children's Healthcare Center

BEIJING, June 6, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE), a children's healthcare service provider, announced today that its subsidiary, ReachOut Holdings Limited, has signed a six year operating lease in Dongguan, Guangdong Province, China. The new location will serve as the company's first flagship children's health and wellness center.

The new center will occupy approximately 4,000, out of 1,000,000 buildable, square feet of prime commercial space in the Zhong Xin Commercial Plaza building, also known as Citic Commercial Plaza, in Dongguan's Dongcheng district.

The location will greatly benefit from its proximity to the plaza's national banks; such as Industrial Bank Co., Dongguan Securities, and high end restaurants and from an array of amenities including ample parking space.

"Medical Care is highly admired in China for what they wish to accomplish here," said Mr Jiang of Mytophome China Property Agency Co., Ltd. "We're very proud that they chose to locate their first clinic in Zhong Xin Commercial Plaza."  

Zhong Xin Commercial Plaza offers companies efficient and innovative floor plans to suit their business needs. The location is surrounded by prestigious corporate buildings, such as First International Shopping Centre, Dongguan World Trade Centre, and The Dongguan Radio and Television Broadcasting building. The property also has immediate access to international brand hotels, a nationwide supermarket, National Highway 107, and Shenzhen Expressway. The new premises will be renovated as a state-of-the-art children's healthcare facility. Renovations are expected to begin in the coming weeks.

"Zhong Xin Commercial Plaza was a natural fit for what we were looking for," Luis Kuo, COO stated. "We will have a purpose-built facility that will enhance healthcare services to the children in the neighboring areas because of its prime location, close proximity to international and private schools and high end residential neighborhoods. Our new premises will allow us to create an environment where we can deliver high quality care and value to the Dongguan community."

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.