MEDICAL CARE TECHNOLOGIES INC. OBTAINS FINANCING TO SECURE LEASE FOR SHENZHEN KID’S HEALTH CENTER

BEIJING, CHINA (Sharewellnewswire.com) September 7, 2012 – Medical Care Technologies Inc. (OTCBB: MDCE), a growing children’s healthcare service provider, is pleased to announce that it has secured direct investment of $35,000 from a Florida private growth capital firm, Five Nine Global Partners LLC.

The direct financing was used to guarantee the lease premises for the building location of the Shenzhen Children’s Health Center – a major milestone and a necessity before construction can begin. The Company’s recently approved health center license covenants that the license is restricted and specific to the building site and premises selected for the operation of its children’s health center. Had the lease not been secured for this specific site, the license would have been revoked and the Company would have had to re-enter the application and licensing process again from the beginning. The proceeds enabled Management to lock in the over 4,500 square foot street-level space in a high-end, garden-style commercial and residential building complex.

“This financing will not immediately add any additional shares into the market place and will allow us to concentrate on building our new center,” said CEO Ning Wu. “We are very fortunate to have supportive investors who recognize the potential of our healthcare service business.”

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 Info:
Ms. Candy Wang
(852) 8122-9660
[email protected]
Mr. Peter Verner, Email: [email protected]

http://www.medicaretechinc.com

Source: http://www.sharewellnewswire.com/medical-care-technologies-inc-obtains-financing-to-secure-lease-for-shenzhen-kids-health-center-2727.htm/#ixzz262yXE8Cu