Medical Care Technologies, Inc. is an information technology provider to the healthcare industry in China. The company’s products and services are geared to China’s growing upper and middle classes and include health clinics for children and a healthcare delivery and wellness site.

The company today announced that it has signed a Letter of Intent (LOI) with Ocean Wise International Industrial Limited, a private Hong Kong investment holding company. The intent of the LOI is to establish a joint venture for the purpose of opening and operating private, high-quality pediatric clinics throughout China.

The non-binding letter of intent only outlines a basic framework for cooperation between the two parties. The ultimate goal is to begin operating a number of pediatric clinics in health centers aimed at China’s economically-rising masses. One specific goal mentioned in the LOI is for Medical Care Technologies to have its healthcare information systems installed in these pediatric health centers across China.

Completion of the joint venture and any binding obligations between the two companies will arise only after the negotiation and execution of definitive agreements that are mutually acceptable to both Medical Care Technologies and Ocean Wise International Industrial.

For more information about Medical Care Technologies, please visit the company’s website at www.medicaretechinc.com