Medical Connections Holdings, Inc. Secures $2.5 Million in Additional Funding for Acquisitions
October 25 2010 - 8:00AM
Business Wire
Medical Connections Holdings, Inc. (OTCBB: MCTH), a national
provider of medical recruitment and staffing services, announced
today that it has received $2.5 million in new acquisition capital
from Medical Connections-Japan.
The Company’s acquisition strategy remains on target as it seeks
to acquire healthcare staffing companies that best fit its business
model. “Our strategy is focused and disciplined,” stated Anthony
Nicolosi, Company President. “We select potential acquisitions for
due diligence from two sectors, Allied and Nursing. Only those that
meet our stringent criteria will be interviewed for acquisition.
Although our M & A process is time-consuming, it does carry
with it a greater assurance of success. We anticipate finding the
right company to integrate that will boost us to profitability and
ultimately a larger exchange in the near future. We are quite
confident in our ability to find the best acquisition opportunities
available.”
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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