Monday, December 19, 2011

MDHI -Stock Soars 256% On Pre-Market News

Medical Alarm Concepts(TM) Chosen as a Strategic Alliance Partner with Costco Warehouse Clubs

KING OF PRUSSIA, Pa., Dec. 19, 2011 /PRNewswire via COMTEX/ -- Medical Alarm Concepts Holding, Inc. (OTCQ:MDHI), manufacturer of the MediPendant(TM), the first fully-monitored medical alarm system that allows you to speak and listen directly through the pendant, today announced its plans to promote the MediPendant(TM) utilizing an ecommerce marketing strategy program designed specifically for Costco and its members.

Costco is the largest membership warehouse club in the United States. According to their 2010 annual report, Costco had 58 million members worldwide. Under the terms of the contract, Costco will be marketing and promoting the MediPendant(TM) to its existing customer base on the website, in their subscriber magazine, The Costco Connection, as well as a few other initiatives that have yet to be finalized.

"There is a great fit for our product, the MediPendant(TM) and the Costco customer. We are very excited that Costco chose the MediPendant(TM) over several other medical alarm devices they reviewed," said Paul Green, VP Sales and Marketing of Medical Alarm Concepts Holding. "Both Costco and Medical Alarm Concepts are very customer service oriented, and want to make sure that the customer gets the best product, with the best services, for the best value," adds Green.

Currently, Medical Alarm Concepts(TM) is working with Costco's marketing team to get the final details of the MediPendant(TM) program in place. The campaign is scheduled to begin in January 2012.

About Medical Alarm Concepts

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