Medical Connections Holdings, Inc. Experiencing Positive Revenue Growth in 2010
July 08 2010 - 9:30AM
Business Wire
Medical Connections Holdings, Inc. (OTCBB:MCTH), a national
provider of medical recruitment and staffing services, reported
today on the growth in revenue that the Company has experienced
during the second quarter of this year.
The Company reported that total revenue has increased 34%
sequentially from the first quarter of 2010. The sequential
improvement reflected staffing volume gains in both contract travel
and permanent placement staffing.
Anthony Nicolosi, Company President, stated, “While the overall
economy still faces challenges, it appears that healthcare staffing
has seen the worst of its share of the down-turn. We are pleased
that 2010 is shaping up to be a better year. On the acquisition
front, we have located several attractive healthcare staffing
companies and are in preliminary acquisition discussions with
them.”
Medical Connections, Inc. is a national provider of
medical recruitment and staffing services. The Company’s business
is to identify, select and place the industry’s most talented
healthcare specialists, nurses, pharmacists, physicians and
hospital management executives. The Company provides recruiting and
staffing services for permanent and contract positions, leaving
options for both clients and candidates to decide the optimal
formula for working together.
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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"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements (within the meaning of Section 27a of the Securities Act
of 1933 and Section 21e of the Securities Exchange Act of 1934)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this report
reflect the good faith judgment of our management and the
statements are based on facts and factors as we currently know
them. Forward-looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially
from the results and outcomes discussed in the forward-looking
statements. Actual results could differ materially from those
projected in the forward-looking statements, as a result of either
the matters set forth or incorporated in this report generally or
certain economic and business factors, some of which may be beyond
the control of Medical Connections. These factors include adverse
economic conditions, entry of new and stronger competitors,
inadequate capital to support our operations, projections of
revenues and profitability and other risks described in our 10-K
for our fiscal year ended December 31, 2009. Readers are urged not
to place undue reliance on these forward-looking statements which
speak only as of the date of this press release. We undertake no
obligation to revise or update any forward-looking statements in
order to reflect any event or circumstance that may arise after the
date of the press release.
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