Medical Connections Holdings, Inc. Announces That the Step Opportunities Fund Has Completed Its Analysis for Its New Investment
June 15 2011 - 2:47PM
Business Wire
Medical Connections Holdings, Inc. (OTCBB:MCTH), a national
provider of healthcare staffing services, reported today that the
Step Opportunities Fund is anticipating a capital investment in the
Company.
Step Opportunities Fund manages hedge funds comprised of various
micro-cap companies. The fund is managed by Mr. Bruce Galloway. Mr.
Galloway has over 26 years of experience in investing and advising
small and micro-cap companies. Mr. Galloway stated, “After
considerable analysis, I am pleased to see the progress that has
been made towards the Company’s drive to profitability. The Company
has continued to improve margins and to reduce expenses, as well as
completing its reconstruction of the recruiting and account
management process.”
Anthony Nicolosi, Company President, stated, “I am excited that
we have attracted our first of hopefully many investment funds.
It’s rewarding to see that Wall Street is beginning to recognize
our efforts.”
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, including without limitation, statements
regarding Step Opportunities Fund's investment in our company and
the consummation of said investment Forward-looking statements in
this press release 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, 2010. 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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