$MDHI News out:  Announces 51% Acquisition of M

$MDHI News out:  Announces 51% Acquisition of Medical Sales Group ( $1 Million Cash, $300K LOC )
http://finance.yahoo.com/news/medical-alarm-c...00702.html


KING OF PRUSSIA, PA--(Marketwired - Jan 28, 2015) - Medical Alarm Concepts Holding, Inc. (OTC PINK: MDHI) (the Company), creator of the patented MediPendant® personal medical alarm device that provides users with a reliable and innovative way to communicate with emergency personnel and loved ones whenever medical assistance is needed, announces today that it has acquired a 51% equity stake in Medical Sales Group, LLC (Medical Sales Group).

Medical Sales Group was formed in 2014 as a vehicle for acquiring companies in the rapidly expanding medical and telehealth fields. Their initial acquisition was funded with one million dollars ($1,000,000) and consists of cash as well as existing medical alert accounts that were purchased at advantageous multiples of its monthly recurring revenue. This acquisition provides immediate value to Medical Alarm Concepts' shareholders in terms of the additional monthly recurring revenue. Furthermore, Medical Sales Group has extended a $300,000 line of credit to the Company to be used for new product research and development. Medical Sales Group has three (3) additional acquisitions currently in the pipeline. The acquisition of 51% of Medical Sales Group was in exchange for one million (1,000,000) shares of MDHI common stock.

"We are delighted with the acquisition of Medical Sales Group. This acquisition provides our company with the leverage and flexibility to grow our market presence, bring new products to the marketplace and create tremendous shareholder value." -- Ronnie Adams, CEO and President, Medical Alarm Concepts.

As a result of this acquisition, Medical Alarm Concepts is expecting to launch a new, state-of-the-art medical device as early as next month. Pre-orders of the new device have already surpassed expectations.

About Medical Alarm Concepts Holding, Inc.
Medical Alarm Concepts Holding, Inc., a publicly traded company under the symbol MDHI, is the creator of the MediPendant®, a patented two-way and three-way voice technology, for the personal medical alarm marketplace. The MediPendant® has been featured in nationally renowned retailer Costco Wholesale Corporation since 2011 and has 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.For more information, please visit our website at www.medipendant.com.