MedCAREERS GROUP, Inc. Assumes Operating Control of WorkAbroad.com
March 09 2010 - 4:10PM
PR Newswire (US)
ATLANTA, March 9 /PRNewswire-FirstCall/ -- MedCAREERS GROUP, Inc.
(the "Company") (BULLETIN BOARD: MCGI) today announced that it has
made the initial payment under its letter of intent to acquire
WorkAbroad.com. The formal closing of the transaction will occur
upon the completion of the audit and execution of definitive
agreements. The Company made this initial payment so that it could
assume operating control of WorkAbroad.com this week rather than
waiting for the formal closing since WorkAbroad.com is expected to
be an integral part of the Company's online employment solution
strategy. Over the past 30 days, WorkAbroad.com has had in excess
of 78,000 unique visitors, with in excess of 10,000 "clicks" for a
"click through" rate of approximately 13%. Traditionally 79% of
WorkAbroad.com's visitors have been from the Philippines. Also,
currently, WorkAbroad.com is not indexed by search engines such as
Google, Yahoo, or Bing so the Company believes that virtually all
of the website's traffic is from visitors typing in the domain name
directly into the browser. The Company intends to put
WorkAbroad.com on a platform that will allow it to be indexed by
search engines which is expected to cause the traffic to increase
significantly. Commenting on WorkAbroad.com, MedCAREERS Group CEO
Bryan Crutchfield stated: "WorkAbroad.com is a perfect fit for our
strategy to be a premier online employment solution for the
healthcare industry. WorkAbroad.com attracts an extremely high
percentage of Filipino visitors whom we suspect are largely nurses.
The Philippines is a large supplier of the nurses internationally
and an estimated 70% of the Filipino nursing graduates leave the
country to work abroad. We plan to post both domestic and
international opportunities for these nurses who wish to work
abroad." Mr. Crutchfield continued, "The number of H-1B visas
currently available in the US is 65,000 annually. This category
covers nurses and a host of other specialty areas unrelated to
healthcare. The nursing shortage alone in the US is much higher
than 65,000. So realistically, foreign nurse candidates need to
look outside the US for employment opportunities. MedCAREERS Group
intends to be there with both domestic and international
opportunities for all nurses. Because there is a worldwide shortage
of nurses and since WorkAbroad.com has developed such a loyal
following out of the Philippines, we should have an advantage in
helping to place these nurses through our services. Finding the
nursing opportunity is relatively easy. Having the nurses as a
loyal visitor to your website is in our opinion the key to success
in this area. This is why we feel acquiring WorkAbroad.com will be
a great long-term asset to control within the MedCAREERS Group
family." About MedCAREERS GROUP, Inc.: MedCAREERS GROUP
(http://www.medcareersgroup.com/) mission is to become a leader in
the healthcare career arena with a focus on the healthcare
professional. MedCAREERS Group's goal is to build itself into a
complete resource for the healthcare professional with an emphasis
and understanding of what healthcare professionals need as a
resource to assist them in maximizing their careers. MedCAREERS
Group aims to be the "go to" place for the healthcare professional
community. MedCAREERS Group intends to offers easy, comprehensive
solutions and information that is exclusively healthcare related.
This press release may contain forward-looking statements,
including information about management's view of the Company's
future expectations, plans and prospects, within the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995 (the "Act"). In particular, when used in the preceding
discussion, the words "believes," "expects," "intends," "plans,"
"anticipates," or "may," and similar conditional expressions are
intended to identify forward-looking statements within the meaning
of the Act, and are subject to the safe harbor created by the Act.
Any statements made in this news release other than those of
historical fact, about an action, event or development, are
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of the Company, and concepts to be materially different
than those expressed or implied in such statements. These risk
factors and others are included from time to time in documents the
Company files with the Securities and Exchange Commission,
including but not limited to, its Form 10-Ks, Form 10-Qs and Form
8-Ks. Other unknown or unpredictable factors also could have
material adverse effects on the Company's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. The Company cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, the Company undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by the Company. DATASOURCE: MedCAREERS GROUP, Inc.
CONTACT: Investor Relations Department,
+1-866-472-7781,ir@medcareersgroup.com Web Site:
http://www.medcareersgroup.com/
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