BG Medical Technologies, Inc. (OTC:RIGH) is set to engage an $11 billion dollar tele-healthcare market in addition to the projected $14 billion dollarmedical marijuana market, with Internet and smartphone applications to support growing trends of natural medicine and wellness care.
Healthcare costs in the United States are some of the highest in the world leaving many Americans uninsured, under-insured, or living in communities without access to affordable care. This problem worsens as US healthcare costs continue to rise each year. For those who can afford healthcare, new problems are introduced. The Centers for Disease Control and Prevention report that half of all Americans will be diagnosed with a mental illness during their lifetime. Celebrity prescription drug deaths dominate media headlines, and pharmaceutical-related drug deaths now outnumber traffic fatalities in the United States.
BG Medical Technologies is introducing safe and affordable alternatives to traditional healthcare with Internet-based applications that support nutraceutical and medical marijuana treatments. Recently the company announced development of a diagnostic device that is designed to provide physicians with data to chart medical marijuana effectiveness over time. These systems will be made available to marijuana-recommending doctors and will include the ability to instantly link diagnostic data to a remote network of naturopathy doctors for further on-site and remote patient care.
Patients will be apprised of additional diagnostic findings and be given the option to pursue adjunct natural therapies in addition to medical marijuana treatments.
"We've all had the experience of having our car serviced for a noticeable problem only to learn that once the mechanic examined under the hood, more parts were wearing out that endangered our safety," stated Angel Stanz, CEO. "We are making this type of preventative maintenance available to everyone. This is expected to save tens of thousands of dollars in out-of-pocket healthcare expenses per patient." BG Medical is designing these systems to reduce patient costs while providing additional shared revenue to participating medical marijuana doctors, caregivers, and licensed naturopath physicians. More information on how this technology will interact with patients and doctors can be found in the company's articles section of their corporate website.
About BG Medical Technologies BG Medical Technologies develops ancillary support services for medical cannabis patients and professionals, including its flagship medical marijuana research laboratory and website portal, BudGenius.com. BG Medical Technologies, Inc. currently trades under the symbol OTC:RIGH. Symbol and name change pending.
http://www.BgMedTech.com BG Medical Technologies and its companies do not sell, grow, harvest, cultivate, nor distribute medical cannabis. None of the statements made herein have been evaluated by the FDA, and therefore should not be construed as dispensing medical advice or making claims regarding the cure of diseases.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time.
Forward-looking statements speak only as to the date they are made.
The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Contact: Angel Stanz Chief Executive Officer pr(at)bgmedtech(dot)com (855) 723-3283 SOURCE BG Medical Technologies, Inc.
-0- 02/29/2012 /Web Site: http://www.bgmedtech.com (OTC-PINK:RIGH / OTC-QB:RIGH / OTC-QX:RIGH) / CO: BG Medical Technologies, Inc.
ST: California IN: HEA MTC SPM SU: PDT PRN -- SF61816 -- 0000 02/29/2012 13:00:00 EDT http://www.prnewswire.c