Medical Connections Retains Joseph Gunnar & Co. as Its Exclusive Investment Banker
September 23 2009 - 4:15PM
Business Wire
Medical Connections Holdings, Inc. (OTC Bulletin Board: MCTH),
one of the nation’s fastest growing healthcare staffing companies
specializing in allied health, nurse and physician staffing and
recruiting services, is pleased to announce it has retained New
York City-based broker dealer Joseph Gunnar & Co as its
exclusive investment banker.
“As part of our ongoing and dedicated effort to be the nation’s
top medical staffing company, we have brought in one of the top
investment bankers around to help us get there in a way that was
financially smart and strategic,” said Joseph Azzata, CEO of
Medical Connections. “We’ve found a banking and investment partner
that will support and lead our growth through strategic
acquisitions. We are committed to growing the company to the number
one Medical staffing service in the nation.”
Medical Connections and Joseph Gunnar will immediately focus on
establishing credit facilities, debt transactions, processing
transactional business acquisitions, business combinations and
joint ventures.
In addition, Mr. Azzata announced the appointment of Mr. Norm
Farra, Jr. to the Advisory Board. Mr. Farra, who is Director of
Investment Banking for Cresta Capital Strategies LLC, an investment
banking firm based in Melville, NY, is an industry veteran with
nearly two decades of experience in advising businesses that are
actively and often significantly growing through private
placements, IPOs, mergers and acquisitions and other corporate
strategy and growth capital financings.
“We are honored to have added Norm, who is such a respected name
in the financial world, to our ‘Dream Team’ of advisors”, explained
Anthony Nicolosi, President of Medical Connections. “The timing of
Mr. Farra’s arrival couldn’t be better. As one of the
fastest-growing medical staffing companies in the country, we
remain committed to doing things as effectively as possible. The
combination of Mr. Farra and Joseph Gunnar will significantly
advance our company growth and overall shareholder value.”
“As our company grows in leaps and bounds, we wanted to make
sure that the growth was more than just rapid – that it was
fiscally-sound as well,” said Mr. Nicolosi “We are excited by the
many possibilities and opportunities that will now open up as a
result of this great pairing.”
About Joseph Gunnar & Co.
Founded in 1997 as a full-service broker dealer, Joseph Gunnar
& Co. provides a full array of investment products and vehicles
to private and corporate clients. With an emphasis on personalized
services and with its senior team’s over 100 years’ combined
experience in the financial services industry, the New York
City-based firm is committed, above all, to the continued success
of clients.
About Medical Connections, Inc.
Founded in 2002, Medical Connections, Inc. is a pioneering
medical recruitment and staffing company dedicated to satisfying
the increasing demands for qualified personnel in the healthcare
industry. The company identifies and places medical professionals -
from nurses and physicians to pharmacists and medical scientists –
in facilities throughout the U.S. Medical Connections applies both
established and innovative methods to meet the needs of its
clientele, capitalizing on the more than 40 years’ industry
experience of its key personnel.
In the relatively short period of time since its inception,
Medical Connections has secured a roster of prestigious clients,
both for-profit and not-for-profit organizations, and recruited the
most desirous candidates from across the country. With headquarters
in Boca Raton, Florida, Medical Connections is ideally positioned
to increase its presence in the U.S. healthcare market. Medical
Connections Holdings, Inc. is a fully reporting company trading on
the OTC B/B under the ticker: MCTH.
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include (a) failure to successfully
acquire existing staffing companies to grow its staffing business;
(b) whether the company will have adequate financing to expand its
business; (c) whether the company will effectively manage its
expanding operations which will place significant demands on its
managerial, financial and informational systems; (d) competition
among medical staffing companies for clients and qualified nurses
and other healthcare professionals and personnel; (e) the companies
ability to locate and fill staffing orders; (f) whether general
economic conditions and the regulatory environment will be
favorable to the growth of the company’s business; (g) the
company’s ability to grow organically. The company’s past
performance is not necessarily indicative of its future
performance. The company does not undertake, and the company
specifically disclaims any obligation, to update any
forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Medical Connections Holdings, Inc. business which are not
historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report or Form 10-K filed with the
Securities and Exchange Commission for the most recently ended
fiscal year at www.sec.gov.
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