| Business Summary | | MedCare
Technologies
Inc.
is
a
healthcare
technology
service
company
that
focuses
on
under-served,
high-growth
markets.
MedCare
Technologies
owned
the
MedCare
Program,
a
proprietary
product
of
the
Company,
that
is
made
up
of
equipment,
software
and
services
developed
to
provide
non-pharmaceutical,
non-invasive
treatment
to
individuals
suffering
from
urinary
incontinence
and
other
pelvic
disorders.
In
March
2001,
due
to
the
lack
of
significant
revenues
and
high
operating
costs,
the
Company
terminated
substantially
all
of
its
MedCare
Program
sites.
The
Company
is
currently
searching
for
potential
joint
venture
partners
in
order
to
further
market
the
MedCare
Program,
as
well
as
seek
out
additional
revenue
streams
from
its
current
intellectual
property
base. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MedCare
Technologies
is
a
development
stage
company
that
has
developed
the
MedCare
Program,
a
non-surgical,
non-drug,
non-invasive
treatment
program
for
urinary
incontinence,
pelvic
pain
and
other
disorders.
For
the
six
months
ended
6/30/01,
revenues
fell
94%
to
$25
thousand.
Net
loss
applicable
to
Common
fell
81%
to
$397
thousand.
Results
reflect
a
reduction
in
the
number
of
operating
MedCare
Program
sites,
offset
by
lower
personnel
and
other
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Harmel Rayat, 39 Chairman | -- | Ray Krauss, 38 Pres,
CEO, Director | $98K | Harvinder Dhaliwal, 40 Treasurer,
Sec., Director | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|