Medical Connections Holdings, Inc. Reports Full Year 2009 Results

Medical Connections Holdings, Inc. (OTCBB:MCTH) has announced its results for the year ended December 31, 2009. Revenue in 2009 was $6,131,611, a decrease of $935,379, or 13.2%, when compared with revenue of $7,066,990 in 2008. Revenue from contract appointments decreased $193,578 to $5,103,422 in 2009, or 3.6%, from $5,297,000 in 2008. Revenue from permanent placement decreased 41.9% to $1,028,189 in 2009 compared with revenue of $1,769,990 in 2008. Net losses for the years ended December 31, 2009 and December 31, 2008 were $7,711,887 and $7,542,210, respectively.

The Company’s President, Anthony Nicolosi, said, "Due to the state of the overall economy, 2009 proved to be a very challenging year. Regardless, we managed to reduce our operating expenses by over one million dollars during the year. In addition, we recently announced that we had entered into a definitive agreement to acquire a very successful healthcare staffing company that will serve as our operating platform in the future. This business combination will present opportunities that will benefit our teams internally as well as our candidates and clients nationwide. Going forward, we will continue to aggressively market our company to foster growth and will continue to pursue additional acquisition opportunities.”

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.

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.

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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 company’s 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.

Medical Connections (CE) (USOTC:MCTH)
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