WCTI IN THE NEWS!!!!! WOW! Before its launched other companies are already looking to get on board!
medcareonline.com, inc. formed as wholly-owned Internet subsidiary
OAK BROOK, IL, Jan. 27 /CNW-PRN/ - MedCare Technologies, Inc. (NASDAQ Small Cap: MCAR) today announced the formation of its wholly-owned Internet subsidiary, medcareonline.com, inc., through which the Company's Internet business will be conducted, including the Company's recently launched healthcare specific portal, www.medcareonline.com. Unlike traditional portals that provide broad based access to general internet information, www.medcareonline.com offers wide ranging direct-to-consumer health specific information, such as health travel advisory, health news, symposiums, medical journals and publications, and extensive research and web-based services for some 750,000 US physicians.
Additionally, by accessing its already existing national network of doctors, which includes leading urology and gynecology physician specialists, the Company plans to make available specific women's and men's health related information that most individuals are often too embarrassed to discuss. For example, an estimated 40% of the 25 million urinary incontinence sufferers never seek advice from their physician. Other such conditions include sexual dysfunction, infertility, addictions, obesity, chronic constipation, and psychological disorders such as depression. Many people with these conditions may also be potential candidates for the Company's core business, the MedCare Program.
By using established search engines, such as Yahoo (NASDAQ: YHOO) and new search engines, such as those being developed by such companies as WorldCruncher (OTC BB: WCTI) and ImaginOn Inc. (NASDAQ: IMON), millions of Internet users will be able to discretely and anonymously access MedCare's healthcare website for information. With expanding bandwidth and better streaming and compression technologies from such companies as RealNetworks (NASDAQ: RNWK) and View Systems, Inc. (OTC BB: VYST), online users will also benefit from the eventual audio/video availability of healthcare content on www.medcareonline.com.
ABOUT MEDCARE
MedCare Technologies, Inc. is the developer of The MedCare Program, a non-drug, non-surgical system for the care and treatment of patients suffering from urinary incontinence. Affecting some 25 million Americans, UI is a $26 billion market and is now more prevalent than even diabetes. Unlike traditional treatment options, which are costly and often unsuccessful or inadequate, MedCare's treatment program is completely risk free and has a proven national success rate in excess of 85%. In association with leading physicians, MedCare has the largest network of offices treating UI. Additionally, MedCare Technologies has also developed www.medcareonline.com as a comprehensive healthcare portal offering meaningful, relevant and quality medical information.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE: MedCare Technologies, Inc.
CO: MedCare Technologies, Inc.
ST: Illinois
IN: MTC MLM
SU:
01/27/99 14:16 EST prnewswire.com
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