Everything and anything I post, is just an OPINION!
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Right, it's NOT about MDHI or Ronnie
We got everything going MDHI's way,
Costco, 4.5 out of 5 stars
Medicare
Medicaid
Profitability
Rapidly Recurring Revenue
APS
JTT
Profitable
Zero Debt
The future looks GREAT and $ales / Revenue$ and going 24/7/365
2015 will be HUGE
SEC filing doesn't say a word about MDHI, non-issue :))))
MDHI is doing GREAT
Fully Reporting
Profitable
Zero Debt
Costco
Commercials
Medicare
Medicaid
JTT
APS
Low Float
Strong PPS (where's the selloff? lmao)
Rapidly Recurring Revenue 24/7/365
Zero issues here, MDHI it's business as usual $$$$$$$
2015 filing will show GROWTH, you just can't stop the sales of MediPendant $$$$$$$$
Great New$ for MDHI $hareholders, where can we find this news or do you have a link??
Where is the Selloff ??? lmao
There isn't one, not the you are PROFITABLE, RAPIDLY GROWING, LOW FLOATER, COSTCO PARTNERSHIP, MEDICARE, MEDICAID, APS, ZERO DEBT, WALGREENS, it's only getting better and better 24/7/365
2015 will be huge in Revenue$$$$$$$$
Can't stop REVENUE, UP 533% From SEC filing, Net sales generated during the year ended June 30, 2014 and 2013 were $1,153,693 and $572,712, respectively; representing a 101% or $580,981 increase. The sales were generated through distributors, resellers, and direct sales to consumers. The company changed its strategic business direction toward a more widespread product distribution, resulting in the dramatic increase in net sales for the year ended June 30, 2014.
Gross profit generated during fiscal 2014 was $829,190. This represents a 533% or $698,266 increase from the year prior. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was due to a substantial increase in recurring revenue generated from monthly monitoring services.
Costco
Medicare
Medicaid
APS
Commercials
Rapidly Recurring Revenue
Low Float
Strong PPS
Technology
JTT
Zero Debt
Profitable
Only getting STRONGER every day, REVENUE Machine 24/7/365 $$$$$$$$$$
M.D.H.I. 10-K ((( PROFITABLE ))) 533% Gross Revenue UP YOY :))))
http://biz.yahoo.com/e/141103/mdhi10-k.html
4.5 stars out of 5 at Costco
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com
M.D.H.I. 10-K ((( PROFITABLE ))) 533% Gross Revenue UP YOY :))))
http://biz.yahoo.com/e/141103/mdhi10-k.html
4.5 stars out of 5 at Costco
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com
SEC filing doesn't say a word about MDHI, non-issue :))))
MDHI is doing GREAT
Fully Reporting
Profitable
Zero Debt
Costco
Commercials
Medicare
Medicaid
JTT
APS
Low Float
Strong PPS (where's the selloff? lmao)
Rapidly Recurring Revenue 24/7/365
Zero issues here, MDHI it's business as usual $$$$$$$
2015 filing will show GROWTH, you just can't stop the sales of MediPendant $$$$$$$$
MDHI never been better, JN is gone and we got Costco, Medicare, Medicaid, APS, JTT, Commercials, Low Float, Strong PPS, Technology, Market Share, and let's not forget about the RAPIDLY GROWING REVENUE$, a Fully Reporting Company that will grow 24/7/365 on Sales/Revenues, CAN'T STOP IT :))
Can't stop REVENUE, UP 533% From SEC filing, Net sales generated during the year ended June 30, 2014 and 2013 were $1,153,693 and $572,712, respectively; representing a 101% or $580,981 increase. The sales were generated through distributors, resellers, and direct sales to consumers. The company changed its strategic business direction toward a more widespread product distribution, resulting in the dramatic increase in net sales for the year ended June 30, 2014.
Gross profit generated during fiscal 2014 was $829,190. This represents a 533% or $698,266 increase from the year prior. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was due to a substantial increase in recurring revenue generated from monthly monitoring services.
Costco
Medicare
Medicaid
APS
Commercials
Rapidly Recurring Revenue
Low Float
Strong PPS
Technology
JTT
Zero Debt
Profitable
Only getting STRONGER every day, REVENUE Machine 24/7/365 $$$$$$$$$$
Price isn't going down, MDHI is doing GREAT:)))))
Costco
Medicare
Medicaid
APS
Profitable
Rapidly Recurring Revenue
Commercials
Low Float
Strong PPS
Growing 24/7/365 Revenue$$$$$$$$$
Well, he won't be able to touch penny stocks again, so that's the end of that. MDHI parted ways with JN long ago, he only holds shares which might not be for long it sounds like.
MDHI moved on, time for this board to move on.
MDHI, Profitable, Current, Growing, Costco, Medicare, Medicaid, Commercials, APS, can't stop MediPendant, the future looks great.
MDHI 10Q - PROFITABLE & Rapidly Growing Revenue$
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
This Quarterly Report on Form 10-Q for the three months ended September 30, 2014 contains "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. These forward-looking statements include, among others, statements concerning our expectations regarding our working capital requirements, financing requirements, business, growth prospects, competition and results of operations, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. The forward-looking statements in this Quarterly Report on Form 10-Q for the three months ended September 30, 2014 involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by the forward-looking statements contained herein.
Overview and Recent Events
Medical Alarm Concepts Holding, Inc. was organized in mid 2008. The operation was financed with a considerable amount of toxic convertible debt. This type of financing, along with several other issues, prevented the Company from realizing a robust growth rate for its first few years of operation. Since that time considerable management time has been spent and investor money utilized to turn the Company's operation around. As of the date of this filing, Medical Alarm Concepts is currently experiencing a robust growth rate, quality relationships with quality customers, and significantly improved balance sheet.
$MDHI News: Medicare & Medicaid -MDHI Announces New Agreement with APS Healthcare Providing Exposure to 1.4 Million Members
Cal MediConnect is a pilot program launched by the Federal government which brings together Medicare and Medicaid benefits under one umbrella, and offers individuals care coordination and support that promotes healthy independent living. The network is comprised of services administered by the L.A Care Health Plan. Some of the services offered include respite care, personal care services, and meal delivery. By January 2015, more than 15,000 people are expected to be enrolled under APS Healthcare's Care Plan Option (CPO) Network. The monthly monitoring fee for the MediPendant(R) service will be covered by the plan and will be of no cost to the plan member.
http://finance.yahoo.com/news/medical-alarm-c...00161.html
Can't stop REVENUE, UP 533% From SEC filing, Net sales generated during the year ended June 30, 2014 and 2013 were $1,153,693 and $572,712, respectively; representing a 101% or $580,981 increase. The sales were generated through distributors, resellers, and direct sales to consumers. The company changed its strategic business direction toward a more widespread product distribution, resulting in the dramatic increase in net sales for the year ended June 30, 2014.
Gross profit generated during fiscal 2014 was $829,190. This represents a 533% or $698,266 increase from the year prior. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was due to a substantial increase in recurring revenue generated from monthly monitoring services.
$$$$$ MDHI $$$$$
M.D.H.I. 10-K ((( PROFITABLE ))) 533% Gross Revenue UP YOY :))))
http://biz.yahoo.com/e/141103/mdhi10-k.html
4.5 stars out of 5 at Costco
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com
You can't stop MDHI, Costco, Medicare, Medicaid, Commercials, APS, Profitability, Rapidly Recurring Revenue$, and the MediPendant is the only 3 way PERS.
lmao, this is one company that's made it and will continue to move forward in life.
MDHI 10Q - PROFITABLE & Rapidly Growing Revenue$
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
This Quarterly Report on Form 10-Q for the three months ended September 30, 2014 contains "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. These forward-looking statements include, among others, statements concerning our expectations regarding our working capital requirements, financing requirements, business, growth prospects, competition and results of operations, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. The forward-looking statements in this Quarterly Report on Form 10-Q for the three months ended September 30, 2014 involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by the forward-looking statements contained herein.
Overview and Recent Events
Medical Alarm Concepts Holding, Inc. was organized in mid 2008. The operation was financed with a considerable amount of toxic convertible debt. This type of financing, along with several other issues, prevented the Company from realizing a robust growth rate for its first few years of operation. Since that time considerable management time has been spent and investor money utilized to turn the Company's operation around. As of the date of this filing, Medical Alarm Concepts is currently experiencing a robust growth rate, quality relationships with quality customers, and significantly improved balance sheet.
The Company's product is called the MediPendant?, which is a personal emergency alarm that is mainly purchased by adults for their aging parents. While it is primarily a device for older people, there is also a market for those who are physically disabled, as well as for persons living alone. The MediPendant? device has significant feature and function advantages over other personal medical alarms in the marketplace today. Approximately 70% of all medical alarms currently being sold in the United States are first-generation technologies that require the user to speak and listen through a central base station unit. If the user of one of these older generation products is not within speaking or listening distance to the base station, the user may not be heard by the operator in the centralized emergency monitoring center.
The MediPendant? enables the wearer to simply speak and listen directly through the pendant in the event of an emergency. The MediPendant? is designed to be worn in the bath or shower and offers a 600-foot range so that the wearer can operate the unit from virtually anywhere within their home or on their property.
The MediPendant? has strong intellectual property patent protection. The patent protects a unique feature of the product, which is voice prompts that alert the user of the operational status of the device and that help is being summoned upon alarm activation.
During December of 2011, the Company announced the MediPendant? would be distributed by Costco Wholesale Corporation. Costco is one of the largest retailers in not only the United States, but throughout the world with approximately 75,000,000 customers. The Company's relationship with this retailer has been strong, sales are occurring on a daily basis, and customer satisfaction is high. The Company successfully runs sales programs at Costco including email blasts, Costco.com coupons, and assorted other promotions. The MediPendant? product will continue to be included in Costco promotions with more scheduled for later in 2014 and early 2015. The MediPendant? has now 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 Company has also had successes internationally with distribution agreements in Denmark and Ireland. Additionally, the Company is currently working on a distribution/joint venture with JTT-EMS, which is a company located just outside of Beijing, China. Medical Alarm Concepts is expecting steady growth from its international markets during 2014. The Company also distributes the MediPendant? through Internet marketing and through various outside call centers. Significant investment is planned to expand sales opportunities relative to these areas.
The Company received an investment led by strategic partner, JTT-EMS LTD of Shijiazhuang, China. Under the terms of the investment, JTT-EMS LTD purchased Common Stock in a private placement transaction and has indicated to the Company that it plans to hold these shares as a long-term investment. The financing, including additional investments by current shareholders, total up to approximately $330,000. There are no warrants or options associated with this investment. As more fully noted below, funds received will primarily be used to rebuild inventory levels to meet the growing demand and to pay professional fees associated with returning the Company to fully reporting status.
On December 10, 2013, the Company entered into a Global Settlement Agreement (the "Agreement") with the holder of its credit line and major shareholders. Under the terms of the agreement, all of the Company's credit line and accrued interests on credit line were forgiven and all of the convertible debt would be converted to common shares, except for the balance of $25,908.08. On November 2, 2014, the holder of the convertible notes informed the Company that the holder of the convertible notes would no longer seeking repayment of the outstanding balance of $25,908.
In exchange for the credit line cancellation and the conversion of convertible debt, both parties agreed on the following terms: 1) the management team agreed to modify its September 19, 2011 agreement with the Company giving up all anti-dilution rights, 2) the Company agreed to take steps to increase the number of authorized shares to accommodate the debt conversions and would complete a reverse split of its shares, 3) The Company would file a registration statement with the SEC, and 4) the Company would continue to file past due periodic reports with the SEC on Forms 10-Q and 10-K in order to return the Company to full reporting status, a process that is already well underway.
We believe upcoming balance sheets, on which we expect to be free of nearly all long-term debt and free of warrants, options and minimal outstanding preferred stock, will more accurately reflect the true value of our growing company.
The Company expects the balance of calendar year 2014 and 2015 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the operating cash flow we are currently realizing is sustainable into the balance of 2014 and 2015.
Going Concern
These consolidated financial statements are presented on the basis that we will continue as a going concern. The going concern concept contemplates the realization of assets and satisfaction of liabilities in the normal course of business
As reflected in the accompanying consolidated financial statements, the Company has working capital deficit of $676,093, did not generate significant cash from its operations, had stockholders' deficit of $2,096,683 and had operating loss for prior three years. These circumstances raise substantial doubt about the Company's ability to continue as a going concern.
While the Company is attempting to generate sufficient revenues, the Company's cash position may not be enough to support the Company's daily operations. Management intends to raise additional funds by way of a public or private offering, or by alternative methods. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate sufficient revenues.
The past is the past, and remains still the past. MDHI is Current, Selling, Profitable, Running Commercials, and soon to be included in Medicare & Medicare. http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-161500161.html Company is moving on, and the coming financials and filing will continue to get better every time as Revenue continues to Rapidly Increase. Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-133000857.html Joe is removed from company (only a shareholder, call company and ask) and they've moved on. The RS (it sucked) is what it is. Some gambled and lost, that's the risk we take with these types of investments. Facts are MediPendant is a great product with a very strong rating, 4.5 stars out of 5 with Costco customers. http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm I've never sold, and I'll add when I can. MDHI will continue to go about their business, and I'm very excited about it's future potential. Good luck to you all, Investing can be tricky.
MediPendant rated 4.5 stars out of 5 at Costco, see commercial.
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com
$MDHI Announces Month-Long, 2-Minute Commercial Airing on Cablevision's News12 in November
They are growing BIGGER & BIGGER Daily :))) 2015 will be BIG
$MDHI 3 New$ Alerts: 10-K, 533% Increase in Gross Profits YOY, Commercials for November, this company has turned it around, NO STOPPING IT NOW!
$MDHI News: Announces Month-Long, 2-MinuteCommercial Airing on Cablevision's News12 in November,
http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-172600353.html
Medical Alarm Concepts Holding, Inc. Announces Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY
http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-133000857.html
$MDHI files 10-K,
http://biz.yahoo.com/e/141103/mdhi10-k.html
MedIpendant Commercial also air in Costco Ads
Research DD Guide
Stock Quote http://www.otcmarkets.com/stock/MDHI/quote
Stock Chart http://www.otcmarkets.com/stock/MDHI/chart
Company Info http://www.otcmarkets.com/stock/MDHI/company-info
Recent News http://www.otcmarkets.com/stock/MDHI/news
Financials http://www.otcmarkets.com/stock/MDHI/financials
Filings and Disclosure http://www.otcmarkets.com/stock/MDHI/filings
Short Sales http://www.otcmarkets.com/stock/MDHI/short-sales
Insider Disclosure http://www.otcmarkets.com/stock/MDHI/insider-transactions
Research Reports http://www.otcmarkets.com/stock/MDHI/research
Summary http://finance.yahoo.com/q?s=MDHI
Historical Prices http://finance.yahoo.com/q/hp?s=MDHI+Historical+Prices
Interactive Chart http://finance.yahoo.com/echarts?s=MDHI
Basic Chart http://finance.yahoo.com/q/bc?s=MDHI+Basic+Chart
Basic Tech. Analysis http://finance.yahoo.com/q/ta?s=MDHI+Basic+Tech.+Analysis
Headlines http://finance.yahoo.com/q/h?s=MDHI+Headlines
Press Releases http://finance.yahoo.com/q/p?s=MDHI+Press+Releases
Company Profile http://finance.yahoo.com/q/pr?s=MDHI+Profile
Key Statistics http://finance.yahoo.com/q/ks?s=MDHI+Key+Statistics
Industry http://finance.yahoo.com/q/in?s=MDHI+Industry
Major Holders http://finance.yahoo.com/q/mh?s=MDHI+Major+Holders
Insider Transactions http://finance.yahoo.com/q/it?s=MDHI+Insider+Transactions
Insider Roster http://finance.yahoo.com/q/ir?s=MDHI+Insider+Roster
Income Statement http://finance.yahoo.com/q/is?s=MDHI
Balance Sheet http://finance.yahoo.com/q/bs?s=MDHI
Cash Flow http://finance.yahoo.com/q/cf?s=MDHI+Cash+Flow&annual
Nasdaq http://www.nasdaq.com/symbol/MDHI
Market Watch http://www.marketwatch.com/investing/stock/MDHI
Bloomberg http://www.bloomberg.com/quote/MDHI:US
Morningstar http://quotes.morningstar.com/stock/s?t=MDHI
Bussinessweek http://investing.businessweek.com/research/st...icker=MDHI
Barchart http://www.barchart.com/quotes/stocks/MDHI
OTC Short Report http://otcshortreport.com/index.php?index=MDHI
Investopedia http://www.investopedia.com/markets/stocks/MDHI/?wa=0
$MDHI News: Medicare & Medicaid -MDHI Announces New Agreement with APS Healthcare Providing Exposure to 1.4 Million Members
Cal MediConnect is a pilot program launched by the Federal government which brings together Medicare and Medicaid benefits under one umbrella, and offers individuals care coordination and support that promotes healthy independent living. The network is comprised of services administered by the L.A Care Health Plan. Some of the services offered include respite care, personal care services, and meal delivery. By January 2015, more than 15,000 people are expected to be enrolled under APS Healthcare's Care Plan Option (CPO) Network. The monthly monitoring fee for the MediPendant(R) service will be covered by the plan and will be of no cost to the plan member.
http://finance.yahoo.com/news/medical-alarm-c...00161.html
MDHI 10Q - PROFITABLE & Rapidly Growing Revenue$
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
This Quarterly Report on Form 10-Q for the three months ended September 30, 2014 contains "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. These forward-looking statements include, among others, statements concerning our expectations regarding our working capital requirements, financing requirements, business, growth prospects, competition and results of operations, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. The forward-looking statements in this Quarterly Report on Form 10-Q for the three months ended September 30, 2014 involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by the forward-looking statements contained herein.
Overview and Recent Events
Medical Alarm Concepts Holding, Inc. was organized in mid 2008. The operation was financed with a considerable amount of toxic convertible debt. This type of financing, along with several other issues, prevented the Company from realizing a robust growth rate for its first few years of operation. Since that time considerable management time has been spent and investor money utilized to turn the Company's operation around. As of the date of this filing, Medical Alarm Concepts is currently experiencing a robust growth rate, quality relationships with quality customers, and significantly improved balance sheet.
The Company's product is called the MediPendant?, which is a personal emergency alarm that is mainly purchased by adults for their aging parents. While it is primarily a device for older people, there is also a market for those who are physically disabled, as well as for persons living alone. The MediPendant? device has significant feature and function advantages over other personal medical alarms in the marketplace today. Approximately 70% of all medical alarms currently being sold in the United States are first-generation technologies that require the user to speak and listen through a central base station unit. If the user of one of these older generation products is not within speaking or listening distance to the base station, the user may not be heard by the operator in the centralized emergency monitoring center.
The MediPendant? enables the wearer to simply speak and listen directly through the pendant in the event of an emergency. The MediPendant? is designed to be worn in the bath or shower and offers a 600-foot range so that the wearer can operate the unit from virtually anywhere within their home or on their property.
The MediPendant? has strong intellectual property patent protection. The patent protects a unique feature of the product, which is voice prompts that alert the user of the operational status of the device and that help is being summoned upon alarm activation.
During December of 2011, the Company announced the MediPendant? would be distributed by Costco Wholesale Corporation. Costco is one of the largest retailers in not only the United States, but throughout the world with approximately 75,000,000 customers. The Company's relationship with this retailer has been strong, sales are occurring on a daily basis, and customer satisfaction is high. The Company successfully runs sales programs at Costco including email blasts, Costco.com coupons, and assorted other promotions. The MediPendant? product will continue to be included in Costco promotions with more scheduled for later in 2014 and early 2015. The MediPendant? has now 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 Company has also had successes internationally with distribution agreements in Denmark and Ireland. Additionally, the Company is currently working on a distribution/joint venture with JTT-EMS, which is a company located just outside of Beijing, China. Medical Alarm Concepts is expecting steady growth from its international markets during 2014. The Company also distributes the MediPendant? through Internet marketing and through various outside call centers. Significant investment is planned to expand sales opportunities relative to these areas.
The Company received an investment led by strategic partner, JTT-EMS LTD of Shijiazhuang, China. Under the terms of the investment, JTT-EMS LTD purchased Common Stock in a private placement transaction and has indicated to the Company that it plans to hold these shares as a long-term investment. The financing, including additional investments by current shareholders, total up to approximately $330,000. There are no warrants or options associated with this investment. As more fully noted below, funds received will primarily be used to rebuild inventory levels to meet the growing demand and to pay professional fees associated with returning the Company to fully reporting status.
On December 10, 2013, the Company entered into a Global Settlement Agreement (the "Agreement") with the holder of its credit line and major shareholders. Under the terms of the agreement, all of the Company's credit line and accrued interests on credit line were forgiven and all of the convertible debt would be converted to common shares, except for the balance of $25,908.08. On November 2, 2014, the holder of the convertible notes informed the Company that the holder of the convertible notes would no longer seeking repayment of the outstanding balance of $25,908.
In exchange for the credit line cancellation and the conversion of convertible debt, both parties agreed on the following terms: 1) the management team agreed to modify its September 19, 2011 agreement with the Company giving up all anti-dilution rights, 2) the Company agreed to take steps to increase the number of authorized shares to accommodate the debt conversions and would complete a reverse split of its shares, 3) The Company would file a registration statement with the SEC, and 4) the Company would continue to file past due periodic reports with the SEC on Forms 10-Q and 10-K in order to return the Company to full reporting status, a process that is already well underway.
We believe upcoming balance sheets, on which we expect to be free of nearly all long-term debt and free of warrants, options and minimal outstanding preferred stock, will more accurately reflect the true value of our growing company.
The Company expects the balance of calendar year 2014 and 2015 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the operating cash flow we are currently realizing is sustainable into the balance of 2014 and 2015.
Going Concern
These consolidated financial statements are presented on the basis that we will continue as a going concern. The going concern concept contemplates the realization of assets and satisfaction of liabilities in the normal course of business
As reflected in the accompanying consolidated financial statements, the Company has working capital deficit of $676,093, did not generate significant cash from its operations, had stockholders' deficit of $2,096,683 and had operating loss for prior three years. These circumstances raise substantial doubt about the Company's ability to continue as a going concern.
While the Company is attempting to generate sufficient revenues, the Company's cash position may not be enough to support the Company's daily operations. Management intends to raise additional funds by way of a public or private offering, or by alternative methods. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate sufficient revenues.
M.D.H.I. 10-K ((( PROFITABLE ))) 533% Gross Revenue UP YOY :))))
http://biz.yahoo.com/e/141103/mdhi10-k.html
4.5 stars out of 5 at Costco
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com
The past is the past, and remains still the past. MDHI is Current, Selling, Profitable, Running Commercials, and soon to be included in Medicare & Medicare. http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-161500161.html Company is moving on, and the coming financials and filing will continue to get better every time as Revenue continues to Rapidly Increase. Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-133000857.html Joe is removed from company (only a shareholder, call company and ask) and they've moved on. The RS (it sucked) is what it is. Some gambled and lost, that's the risk we take with these types of investments. Facts are MediPendant is a great product with a very strong rating, 4.5 stars out of 5 with Costco customers. http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm I've never sold, and I'll add when I can. MDHI will continue to go about their business, and I'm very excited about it's future potential. Good luck to you all, Investing can be tricky.
M.D.H.I. 10-K ((( PROFITABLE ))) 533% Gross Revenue UP YOY :))))
http://biz.yahoo.com/e/141103/mdhi10-k.html
4.5 stars out of 5 at Costco
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com
MDHI 10K- From SEC filing, Net sales generated during the year ended June 30, 2014 and 2013 were $1,153,693 and $572,712, respectively; representing a 101% or $580,981 increase. The sales were generated through distributors, resellers, and direct sales to consumers. The company changed its strategic business direction toward a more widespread product distribution, resulting in the dramatic increase in net sales for the year ended June 30, 2014.
MDHI 10Q - PROFITABLE & Rapidly Growing Revenue$
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
This Quarterly Report on Form 10-Q for the three months ended September 30, 2014 contains "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. These forward-looking statements include, among others, statements concerning our expectations regarding our working capital requirements, financing requirements, business, growth prospects, competition and results of operations, and other statements of expectations, beliefs, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. The forward-looking statements in this Quarterly Report on Form 10-Q for the three months ended September 30, 2014 involve known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by the forward-looking statements contained herein.
Overview and Recent Events
Medical Alarm Concepts Holding, Inc. was organized in mid 2008. The operation was financed with a considerable amount of toxic convertible debt. This type of financing, along with several other issues, prevented the Company from realizing a robust growth rate for its first few years of operation. Since that time considerable management time has been spent and investor money utilized to turn the Company's operation around. As of the date of this filing, Medical Alarm Concepts is currently experiencing a robust growth rate, quality relationships with quality customers, and significantly improved balance sheet.
The Company's product is called the MediPendant?, which is a personal emergency alarm that is mainly purchased by adults for their aging parents. While it is primarily a device for older people, there is also a market for those who are physically disabled, as well as for persons living alone. The MediPendant? device has significant feature and function advantages over other personal medical alarms in the marketplace today. Approximately 70% of all medical alarms currently being sold in the United States are first-generation technologies that require the user to speak and listen through a central base station unit. If the user of one of these older generation products is not within speaking or listening distance to the base station, the user may not be heard by the operator in the centralized emergency monitoring center.
The MediPendant? enables the wearer to simply speak and listen directly through the pendant in the event of an emergency. The MediPendant? is designed to be worn in the bath or shower and offers a 600-foot range so that the wearer can operate the unit from virtually anywhere within their home or on their property.
The MediPendant? has strong intellectual property patent protection. The patent protects a unique feature of the product, which is voice prompts that alert the user of the operational status of the device and that help is being summoned upon alarm activation.
During December of 2011, the Company announced the MediPendant? would be distributed by Costco Wholesale Corporation. Costco is one of the largest retailers in not only the United States, but throughout the world with approximately 75,000,000 customers. The Company's relationship with this retailer has been strong, sales are occurring on a daily basis, and customer satisfaction is high. The Company successfully runs sales programs at Costco including email blasts, Costco.com coupons, and assorted other promotions. The MediPendant? product will continue to be included in Costco promotions with more scheduled for later in 2014 and early 2015. The MediPendant? has now 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 Company has also had successes internationally with distribution agreements in Denmark and Ireland. Additionally, the Company is currently working on a distribution/joint venture with JTT-EMS, which is a company located just outside of Beijing, China. Medical Alarm Concepts is expecting steady growth from its international markets during 2014. The Company also distributes the MediPendant? through Internet marketing and through various outside call centers. Significant investment is planned to expand sales opportunities relative to these areas.
The Company received an investment led by strategic partner, JTT-EMS LTD of Shijiazhuang, China. Under the terms of the investment, JTT-EMS LTD purchased Common Stock in a private placement transaction and has indicated to the Company that it plans to hold these shares as a long-term investment. The financing, including additional investments by current shareholders, total up to approximately $330,000. There are no warrants or options associated with this investment. As more fully noted below, funds received will primarily be used to rebuild inventory levels to meet the growing demand and to pay professional fees associated with returning the Company to fully reporting status.
On December 10, 2013, the Company entered into a Global Settlement Agreement (the "Agreement") with the holder of its credit line and major shareholders. Under the terms of the agreement, all of the Company's credit line and accrued interests on credit line were forgiven and all of the convertible debt would be converted to common shares, except for the balance of $25,908.08. On November 2, 2014, the holder of the convertible notes informed the Company that the holder of the convertible notes would no longer seeking repayment of the outstanding balance of $25,908.
In exchange for the credit line cancellation and the conversion of convertible debt, both parties agreed on the following terms: 1) the management team agreed to modify its September 19, 2011 agreement with the Company giving up all anti-dilution rights, 2) the Company agreed to take steps to increase the number of authorized shares to accommodate the debt conversions and would complete a reverse split of its shares, 3) The Company would file a registration statement with the SEC, and 4) the Company would continue to file past due periodic reports with the SEC on Forms 10-Q and 10-K in order to return the Company to full reporting status, a process that is already well underway.
We believe upcoming balance sheets, on which we expect to be free of nearly all long-term debt and free of warrants, options and minimal outstanding preferred stock, will more accurately reflect the true value of our growing company.
The Company expects the balance of calendar year 2014 and 2015 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the operating cash flow we are currently realizing is sustainable into the balance of 2014 and 2015.
Going Concern
These consolidated financial statements are presented on the basis that we will continue as a going concern. The going concern concept contemplates the realization of assets and satisfaction of liabilities in the normal course of business
As reflected in the accompanying consolidated financial statements, the Company has working capital deficit of $676,093, did not generate significant cash from its operations, had stockholders' deficit of $2,096,683 and had operating loss for prior three years. These circumstances raise substantial doubt about the Company's ability to continue as a going concern.
While the Company is attempting to generate sufficient revenues, the Company's cash position may not be enough to support the Company's daily operations. Management intends to raise additional funds by way of a public or private offering, or by alternative methods. Management believes that the actions presently being taken to further implement its business plan and generate sufficient revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to increase revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate sufficient revenues.
The past is the past, and remains still the past. MDHI is Current, Selling, Profitable, Running Commercials, and soon to be included in Medicare & Medicare. http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-161500161.html Company is moving on, and the coming financials and filing will continue to get better every time as Revenue continues to Rapidly Increase. Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-133000857.html Joe is removed from company (only a shareholder, call company and ask) and they've moved on. The RS (it sucked) is what it is. Some gambled and lost, that's the risk we take with these types of investments. Facts are MediPendant is a great product with a very strong rating, 4.5 stars out of 5 with Costco customers. http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm I've never sold, and I'll add when I can. MDHI will continue to go about their business, and I'm very excited about it's future potential. Good luck to you all, Investing can be tricky.
$MDHI News: Medicare & Medicaid -MDHI Announces New Agreement with APS Healthcare Providing Exposure to 1.4 Million Members
Cal MediConnect is a pilot program launched by the Federal government which brings together Medicare and Medicaid benefits under one umbrella, and offers individuals care coordination and support that promotes healthy independent living. The network is comprised of services administered by the L.A Care Health Plan. Some of the services offered include respite care, personal care services, and meal delivery. By January 2015, more than 15,000 people are expected to be enrolled under APS Healthcare's Care Plan Option (CPO) Network. The monthly monitoring fee for the MediPendant(R) service will be covered by the plan and will be of no cost to the plan member.
http://finance.yahoo.com/news/medical-alarm-c...00161.html
A LOT $$$$$$$$$$$$ :)
Grab anything below .015, lots happening and 2015 will be strong for those that held. IMO
I've held and added on dips, pretty solid numbers an the future sales/revenue looks great for investors.
M.D.H.I. 10-K ((( PROFITABLE ))) 533% Gross Revenue UP YOY :))))
http://biz.yahoo.com/e/141103/mdhi10-k.html
4.5 stars out of 5 at Costco
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com
Research DD Guide Stock Quote http://www.otcmarkets.com/stock/MDHI/quote Stock Chart http://www.otcmarkets.com/stock/MDHI/chart Company Info http://www.otcmarkets.com/stock/MDHI/company-info Recent News http://www.otcmarkets.com/stock/MDHI/news Financials http://www.otcmarkets.com/stock/MDHI/financials Filings and Disclosure http://www.otcmarkets.com/stock/MDHI/filings Short Sales http://www.otcmarkets.com/stock/MDHI/short-sales Insider Disclosure http://www.otcmarkets.com/stock/MDHI/insider-transactions Research Reports http://www.otcmarkets.com/stock/MDHI/research Summary http://finance.yahoo.com/q?s=MDHI Historical Prices http://finance.yahoo.com/q/hp?s=MDHI+Historical+Prices Interactive Chart http://finance.yahoo.com/echarts?s=MDHI Basic Chart http://finance.yahoo.com/q/bc?s=MDHI+Basic+Chart Basic Tech. Analysis http://finance.yahoo.com/q/ta?s=MDHI+Basic+Tech.+Analysis Headlines http://finance.yahoo.com/q/h?s=MDHI+Headlines Press Releases http://finance.yahoo.com/q/p?s=MDHI+Press+Releases Company Profile http://finance.yahoo.com/q/pr?s=MDHI+Profile Key Statistics http://finance.yahoo.com/q/ks?s=MDHI+Key+Statistics Industry http://finance.yahoo.com/q/in?s=MDHI+Industry Major Holders http://finance.yahoo.com/q/mh?s=MDHI+Major+Holders Insider Transactions http://finance.yahoo.com/q/it?s=MDHI+Insider+Transactions Insider Roster http://finance.yahoo.com/q/ir?s=MDHI+Insider+Roster Income Statement http://finance.yahoo.com/q/is?s=MDHI Balance Sheet http://finance.yahoo.com/q/bs?s=MDHI Cash Flow http://finance.yahoo.com/q/cf?s=MDHI+Cash+Flow&annual Nasdaq http://www.nasdaq.com/symbol/MDHI Market Watch http://www.marketwatch.com/investing/stock/MDHI Bloomberg http://www.bloomberg.com/quote/MDHI:US Morningstar http://quotes.morningstar.com/stock/s?t=MDHI Bussinessweek http://investing.businessweek.com/research/st...icker=MDHI Barchart http://www.barchart.com/quotes/stocks/MDHI OTC Short Report http://otcshortreport.com/index.php?index=MDHI Investopedia http://www.investopedia.com/markets/stocks/MDHI/?wa=0
Rapidly Recurring Revenue, a continues stream of revenue 24/7/365
MediPendant continues to take market share as an aging senior segment looks for security and reliability.
Costco picked a WINNER, and so did investors.
$MDHI Announces Month-Long, 2-Minute Commercial Airing on Cablevision's News12 in November
They are growing BIGGER & BIGGER Daily :))) 2015 will be BIG
$MDHI News & DD, Undervalued but not for long, $ land coming.
$MDHI News: Announces New Agreement with APS Healthcare Providing Exposure to 1.4 Million Members
Fully Report, 533% Increase in Gross Revenues YOY, Profitable, Commercials, Costco, Zero Debt, you couldn't find a STRONGER small cap.
http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-161500161.html
$MDHI 3 New$ Alerts: 10-K, 533% Increase in Gross Profits YOY, Commercials for November, this company has turned it around, NO STOPPING IT NOW!
$MDHI News: Announces Month-Long, 2-MinuteCommercial Airing on Cablevision's News12 in November,
http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-172600353.html
Medical Alarm Concepts Holding, Inc. Announces Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY
http://finance.yahoo.com/news/medical-alarm-concepts-holding-inc-133000857.html
$MDHI files 10-K,
http://biz.yahoo.com/e/141103/mdhi10-k.html
MedIpendant Commercial also air in Costco Ads
$MDHI News: Medicare & Medicaid -MDHI Announces New Agreement with APS Healthcare Providing Exposure to 1.4 Million Members
Cal MediConnect is a pilot program launched by the Federal government which brings together Medicare and Medicaid benefits under one umbrella, and offers individuals care coordination and support that promotes healthy independent living. The network is comprised of services administered by the L.A Care Health Plan. Some of the services offered include respite care, personal care services, and meal delivery. By January 2015, more than 15,000 people are expected to be enrolled under APS Healthcare's Care Plan Option (CPO) Network. The monthly monitoring fee for the MediPendant(R) service will be covered by the plan and will be of no cost to the plan member.
http://finance.yahoo.com/news/medical-alarm-c...00161.html
M.D.H.I. 10-K ((( PROFITABLE ))) 533% Gross Revenue UP YOY :))))
http://biz.yahoo.com/e/141103/mdhi10-k.html
4.5 stars out of 5 at Costco
http://reviews.costco.com/2070/11748169/medipendant-medipendant-medical-alarm-system-reviews/reviews.htm
Commercial, MediPendant Medical Alarm - at www.costco.com