Thursday, April 24, 2014 3:56:16 PM
Ronnie Adams, CEO of Medical Alarm Concepts commented, "Over the past 24 months we have made significant progress. We now sell our patented medical alarm product through one of the largest retailers in the world and our product reviews on this retailer's website are exceptional. We now have a strong strategic partner in China, a growing European presence, and a restructured balance sheet virtually free of debt except for normal trade payables and patent related debt, which is offset by a significant asset. We have based our business model on recurring monthly revenues, which produce strong gross margins allowing us to become operationally cash flow positive, a position that strengthens virtually every day."
What matters is this. The rest is just noise and falsehoods.
1) Profitable
2) Nearly Debt Free Balance Sheet
3) Growing on a daily basis
4) Low Value
5) Small Float
6) Very low market cap for a profitable growing company
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