Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK) today announced the cancellation of its exploratory entry into the fuel additive business in order to concentrate exclusively on its MediPendant personal medical alarm product line.
Ronald Adams, CEO, commented, "The engine performance testing that was completed produced very mixed results and we realize that a meaningful amount of additional testing will be required to validate this engine performance technology. Therefore, we have decided to terminate this project in order to concentrate all of our corporate resources on the MediPendant product, which is currently producing strong results and is expected to lead us into profitability over the next few months. Our current level of MediPendant product shipments is already taxing our staff and with our major Fall retail promotion only a few weeks away we want all our staff's attention focused on our task at hand."
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