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About Medical Care Technologies
From its filings with the US Securities and Exchange Commission
Medical Care Technologies is based in Mesa, Arizona and is incorporated in Nevada. Its shares trade on OTC under the ticker MDCE. The SEC classifies its business as business services, nec. In the fiscal year to 31 December 2011, it reported a net loss of $1.9m. At that date it held total assets of $513,921 and shareholders' equity of −$289,648.
We were incorporated in the State of California on February 27, 2007 as Aventerra Explorations Inc. On December 3, 2008, we changed our name to AM Oil Resources and Technology Inc. On September 28, 2009, we incorporated a wholly owned State of Nevada subsidiary, Medical Care Technologies Inc. (the “Company”), for the sole purpose of effecting a name change. On October 6, 2009, the Company entered into a letter of intent to acquire 100% of the medical care technologies and software held by Great Union Corporation (“Great Union”), a Hong Kong corporation. On October 13, 2009, we filed Articles of Merger with the Nevada Secretary of State to effect a merger with the subsidiary and assume the subsidiary’s name. On November 20, 2009, the Financial Industry Regulatory Authority (FINRA) informed us that the name change had been processed and had taken effect and, in conjunction with the name change, a new trading symbol “MDCE” had been granted.
On January 9, 2010, the Company entered into an Asset Acquisition Agreement (“Asset Agreement”) with Great Union to acquire Great Union’s various technologies associated with the development and maintenance of secure information systems which increase access to medical resources and services, health education and wellness, pharmaceutical and nutraceutical products.
Quoted from its 10-K, filed 16 Apr 2012. Read the filing on SEC.gov ↗
Company facts
- Sector
- Health Care
- Industry
- Health Care Providers & Services
- Listed since
- 23 Jul 2012
- Website
- medicaretechinc.com ↗
- Head office
- 1910 S STAPLEY DRIVE, MESA, AZ, 85204
- Incorporated in
- NV
- Classification
- Services-Business Services, NEC
Leadership
Pay as last reported
- James LauPresident, Chief Executive Officer, Director, since 2014
- Hui LiuPrincipal Financial Officer, Principal Accounting Officer, Treasurer, Director
- Dr. Mark LangweilerChief Operating Officer, Director, since 2014
- Sean Lee HeungChief Technology Officer, Director
- Ping TanChief Marketing Officer, Director
- Ping Hai ShenDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Medical Care Technologies Inc has a strong and experienced management team with expertise in the healthcare industry.
- The company possesses advanced technologies and medical equipment, enabling them to offer innovative and cutting-edge healthcare solutions.
- Medical Care Technologies Inc has developed a strong brand reputation and a loyal customer base.
Weaknesses
- The company currently operates in a highly competitive market, facing strong competition from other healthcare providers.
- Medical Care Technologies Inc may have limited financial resources, which could constrain their ability to invest in research and development or expand their operations.
- The company's geographical reach might be limited, potentially impacting their market share and growth opportunities.
Opportunities
- The growing aging population and increasing healthcare needs present a significant opportunity for Medical Care Technologies Inc to expand their customer base and offer specialized services.
- Expansion into emerging markets or strategic partnerships with international healthcare providers can provide Medical Care Technologies Inc with access to new markets and revenue streams.
- Advancements in technology and telemedicine open up new possibilities for Medical Care Technologies Inc to offer remote healthcare services and reach a wider patient population.
Threats
- Changes in government regulations and policies can impact the healthcare industry as a whole and pose a threat to Medical Care Technologies Inc's operations and profitability.
- The emergence of disruptive technologies or new entrants in the market may challenge Medical Care Technologies Inc's competitive position and market share.
- Economic downturns or financial uncertainties can affect the overall healthcare spending, potentially impacting Medical Care Technologies Inc's revenue and growth prospects.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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