Medical Connections Holdings, Inc. Seeing Positive Trends in First Half of 2010
02 June 2010 - 6:05AM
Business Wire
Medical Connections Holdings, Inc. (OTCBB:MCTH), a national
provider of medical recruitment and staffing services, reported
today on the positive developments that the Company is experiencing
during the first half of this year.
The Company reported that contract “travel” appointments have
increased 47.1% during the last 90 days which should translate into
higher revenue going forward. Looking back, contract revenue has
increased 34.2% during the period January through April 2010. In
addition, the Company has completed further staffing and
compensation refinements that will reduce operating expenses by an
estimated $382,000 over the next twelve months.
Anthony Nicolosi, Company President, stated, “Our continuing
efforts to improve operations combined with a gradually improving
employment environment in healthcare staffing are delivering
results. Our new COO, Jeff Rosenfeld, who was recruited here in the
first quarter of this year, has already made significant
improvements in our selling strategies and in the management of
departmental expenses. We believe these positive trends will
continue through the balance of the year.”
Medical Connections, Inc. is a national provider of
medical recruitment and staffing services. Established in 2002 to
satisfy the increasing need for highly qualified healthcare
professionals, 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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