Wearable Health Solutions, Inc.
CORPORATE HEADQUARTERS
200 West Church Road – Suite B – King of Prussia, PA 19406 • United States
Phone: 877-639-2929 • Fax: 610-872-9066
www.WearableHealthSolutions.com
Wearable Health Solutions Joins the Wearable Growth
Market
Transparency‘s report claims that the global wearable technology market stood at $750 million in 2012. This is in line with other estimates. Transparency anticipates that the global market will reach $5.8 billion in 2018, which represents a compound annual growth rate (CAGR) of 40.8 percent from 2012 to 2018. That number is within range of other estimates though it is on the high end of the range. That said, it is entirely possible that we will see the market hit this goal in 2018 – with the major ramp up in device sales and revenue will happen towards the latter end of the review period between 2017 and 2018.
iHelp Alarm introduces the next generation of medical alarm technology, the
iHelp+™ mPERS, and couples it with an innovative, web-based account
management portal (iHelp™ Cloud) for dealers interested in improving their
bottom line.
iHelp Alarm™ announces its new, revolutionary personal mobile medical emergency response system (mPERS), the iHelp+, with the most advanced features and functions of any mPERS on the market today. In conjunction, iHelp Alarm™ is offering a full-service, turn-key service solution to dealers, which includes the iHelp™ Cloud, a web-based account management portal, and a high level of customer support. The solution provides dealers with an opportunity to achieve higher margins and to take advantage of the proven monthly recurring revenue business model.
The iHelp+ is a feature-rich, reliable, and easy-to-use mPERS device. It offers the latest in 3G wireless coverage using AT&T and T-Mobile services. It is compact and lightweight at 1.5 oz., and may be worn as a pendant around the neck, a bracelet, or on a belt. It is water-resistant and extremely durable. It provides loud, clear audio, and voice prompts that enable the user to know the status of their pendant at all times. The iHelp+™ has a fall detection system that may be turned on or off by the dealer. If fall detection is set to ‘on’, the unit will notify loved ones if it detects a fall. The iHelp+™ also has a GPS location finder and geo-fencing (can also be turned on and off by the dealer), which enables family, friends, and/or loved ones to be notified if the user steps outside of their pre-programmed ‘safe zone’. The unit has a fully supervised battery that will notify the operator, and announce to the user when the battery is low. Enhanced kits even include a Smart charger/Docking station with speaker and microphone. The Smart charger/Docking station enables the user to leave the pendant ‘docked’.
The iHelp+™ mPERS (mobile personal emergency response system, or mobile medical alarm) is a reliable, easy-to-use medical alarm device with superior features and functions including:
Lightweight - 1.5 ounces - comfortable to carry or wear.
Durable - Shatter-resistant with rugged construction.
Small In Size - 2.5” x 1.8” x .67 - compact yet powerful.
Loud - Crystal clear audio quality - No need to hold to the ear or mouth to listen or speak.
One-Touch Operation and Braille Button - Press the button 2 seconds and the call is placed. Anti-cancel prevents cancelling the call if the button is pressed again. ‘Help’ in braille is written on the button as well for extra protection.
Water-Resistant - Wear it in the bath or shower where most accidents occur.
3G Nationwide Coverage using the AT&T
Wireless Network - Take it wherever you go.
Voice Prompts - Lets you know the status of your call. Ex. Your emergency call is now being dialed, please stand by.
Direct GPS Location - Sends your position directly to the monitoring center and/or a loved one.
Fall Detection - Notifies the monitoring center/loved ones if you fall.
Geo-Fencing - Notifies operator/friends/family if you are near and/or step out of your pre-programmed ‘safe zone’.
Extended Battery Life - Visual and audio indicator of battery status. Battery indicator lights (and cellular strength indicator light) surround the call button and will let you know when the battery or cellular signal strength is low. The pendant will also announce that the battery is low, and the unit will notify the monitoring center as well. The monitoring center will then report the low battery status back to you.
State of the Art Remote
Base
Station with
New Modern Design
iHelp Cloud
The iHelp™ Cloud is a web-based account and device management portal for dealers of the iHelp+ 3G. It offers a unique opportunity for dealers to manage their customers like they never have before. It is designed to be a simple customer and product management tool. By logging in via the web, the dealer can configure, activate, deactivate, and/or reconfigure the unit or its functions at any time. The iHelp™ Cloud has fields for notes and customer data. The dealer provides real-time and historical battery status, signal strength, location information, and events. The iHelp™ Cloud, used concurrently with the iHelp+ 3G, gives the dealer the opportunity to keep their business functions in-house, thus enabling them to achieve much higher margins.
As healthcare costs increase and the world’s population ages, there is an exploding new market for monitoring a person’s health status more often, whether at home, on the go, or anywhere outside of a hospital or doctor’s office. Recent technology advances in miniature bio-sensing devices, micro-computing technology,and wireless communications, including cellular, Wi-Fi, and Bluetooth will enable us to transform the future of telehealth, personal emergency response (PERS & mPERS) and remote monitoring, with the creation of a convenient-to-use, cost-effective, and proactive personal health management device for this new market. We call it WHAM (wearable health and alarm monitoring). The device will monitor in real and near real-time, and will archive personal safety, health, and environmental conditions.
Wearable Health
Solutions, Inc.
(OTC: WHSI)
Is on the forefront of WHAM
The wearable bio-sensor solution for health monitoring
or simply stated, a more sophisticated medical pendant
as the next generation of medical alarm services.
MDHI Latest Updates
May 17, 2016 9:00 AM EDT - Medical Alarm Concepts Holding, Inc. Announces FCC Approval for iHelp+ 3G Mobile Medical Alert Device
April 21, 2016 9:00 AM EDT – Medical Alarm Concepts Holding, Inc. closed the sale of one unit for $400,000 (the “Unit”), pursuant to a subscription agreements (the “Subscription Agreement”) with an accredited investor (the “Investor”) entered into on April 21, 2016 at a purchase price of $400,000 per Unit.
April 14, 2016 9:00 AM EDT – Medical Alarm Concepts Holding, Inc. Enjoys Outstanding Response From iHelp+ 3G Mobile Medical Alert Introduction at ISC West 2016
Apr 5, 2016 8:30 AM EDT – Medical Alarm Concepts Holding, Inc. Verified for Trading on the OTCQB Venture Market
Mar 31, 2016 9:00 AM EDT – Medical Alarm Concepts Holding, Inc. Presenting New 3G Medical Alert Device at ISC West
Mar 31, 2016 9:00 AM EDT – Medical Alarm Concepts Holding, Inc. Presenting New 3G Medical Alert Device at ISC West
Mar 24, 2016 8:30 AM EDT – Medical Alarm Concepts Holding, Inc. Showcasing New Product and Dealer Portal at ISC West 2016
Mar 17, 2016 8:30 AM EDT – Medical Alarm Concepts Holding, Inc. Announces Equity Investment for $1,250,000
Nov 18, 2015 8:30 AM EST – Medical Alarm Concepts Holding, Inc. Expands Its Agreement With The Senior Stream, Inc.
Oct 28, 2015 1:30 PM EDT – Medical Alarm Concepts Holding, Inc. Announces Agreement With The Senior Stream, Inc.
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REPORT OF INDEPENDENT
REGISTERED
PUBLIC
ACCOUNTING FIRM
To the Stockholders and Board of Directors of
Medical Alarm Concepts Holding, Inc.
We have audited the accompanying consolidated balance sheets of Medical Alarm Concepts Holding, Inc. (the “Company”) as of June 30, 2015 and 2014 and the related consolidated statements of operations, stockholders’ deficit, and cash flows for the years then ended. The Company’s management is responsible for these consolidated financial statements. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audits of the consolidated financial statements include examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Medical Alarm Concepts Holding, Inc. as of June 30, 2015 and 2014 and the results of their operations and cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As disclosed in Note 3 to the accompanying consolidated financial statements, the Company had working capital deficit of $808,693, a stockholders’ deficit of $808,693, did not generate cash from its operations, and had operating loss for past two years. These circumstances, among others, raise substantial doubt about the Company’s ability to continue as a going concern. Management's plans in regard to these matters are described in Note 3. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ Paritz & Company, P.A.
Hackensack, New Jersey,
December 18, 2015
