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Medical Alarm Concepts Holding, Inc. Announces Equity Investment for $1,250,000
Medical Alarm Concepts Holding, Inc. Announces Equity Investment for $1,250,000.
About this update from Wearable Health Solutions, Inc
[{"type":"text","content":"\n \n \n Medical Alarm Concepts Holding, Inc. Announces Equity Investment for $1,250,000\n \n \nMedical Alarm Concepts Holding, Inc. Announces Equity Investment for $1,250,000\n \n KING OF PRUSSIA, PA--(Marketwired - Mar 17, 2016) -  Medical Alarm Concepts Holding, Inc. (OTC PINK: MDHI) (the Company), a Pennsylvania-based personal medical alarm device manufacturer, announced today that it has secured an equity investment for $1,250,000. \n The investment, of which MDHI has taken approximately $625,000 to date, will enable the Company to launch and market its new product, the iHelp+ 3G. It will also enable MDHI to increase the size of the technology department, in an effort to expand its product line and move toward the growing telehealth/e-health market.\n The iHelp+ 3G, is a cellular medical alert system that operates on a 3G network. It is Bluetooth enabled and Wi-Fi enabled. It has a much broader reach than the iHelp™ 2G product, as well as additional functions, such as fall detection and geo-fencing (ability to pre-set an area and alert loved ones if the user leaves or enters the pre-set area).\n The interest in 3G medical alarm products with features such as fall detection and geo-fencing is tremendous. MDHI is excited to be one of the first companies to have this product available to dealers and resellers of security and medical alarm systems.\n MDHI will be launching the 3G product at the ISC West Show in Las Vegas, NV, April 6, 7, 8.\n About MDHI\n MDHI is the creator of the MediPendant® and the iHelp™, patented personal medical alarm devices for the national and international marketplace. The MediPendant® has been featured in nationally renowned retailer Costco Wholesale Corporation since 2011 and has received 28 product reviews on the retailer's website, 21 of which are \"5 out of 5 Star\" ratings. The average rating is \"4.5 Stars\" out of 5 Stars. The iHelp™ and iHelp+ 3G are next-generation mobile medical alarms. Users of the iHelp™ line of products, can take the device with them wherever they go, as long as there is cellular service. For more information, please visit our investor portal at www.medicalalarmconcepts.com. \n Safe Harbor Statement\n Statements in this press release that are not statements of historical or current fact constitute \"forward-looking statements....