Medical Care Technologies, Inc. (OTC Bulletin Board: MDCE) has entered a definitive agreement for the acquisition of several technologies from Great Union Corporation (GUC), a private Hong Kong corporation. The transaction was unanimously approved by the Board of Directors of both companies.
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Under the agreement, MDCE will acquire GUC's technologies associated in the development of secure information systems which increase access to medical resources services, education and wellness, pharmaceutical and nutraceutical products. MDCE will acquire these assets from GUC for 57,300,000 common stock.
This acquisition marks a huge step in MDCE's strategy for entrance into China's lucrative health care market. As the Chinese population becomes wealthier, patients have been demanding better lifestyles and quality care.
About Medical Care Technologies Inc.
Medical Care Technologies Inc. (www.medicaretech.com) is traded under the symbol MDCE on the OTCBB and is based in London, England. The Company is in the process of moving its portfolio of oil resources into medical care technologies.
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