Medical Connections Holdings, Inc.Moving Forward With Targeted Growth
* Reuters is not responsible for the content in this press release.
BOCA RATON, Fla.--(Business Wire)-- Medical Connections Holdings, Inc. (OTC BB: MCTH - News) is pleased to announce today that it plans to close its first acquisition later this week. Medical Connections President, Anthony Nicolosi, commented, "This acquisition will help us evaluate our controls and procedures in integrating operating systems and information technology. This will be the first of many acquisitions that will be completed throughout 2009 and 2010. During this past year, we have evaluated several potential acquisition candidates throughout the country. Our independent consultants and our own financial team determined that the targeted companies` operating systems and financial controls were compatible with our own as well as the synergies that can be created. However, the experience has taught us where we need to focus and the niche markets we need to evaluate." Joe Azzata, Medical Connections Chief Executive Officer, concurred and went on to say, "Over the past several years, we have spent considerable sums of money hiring what we believe to be an excellent staff of medical recruiters. Our current staffing professionals, together with the information technology we have developed and the planned launch of a new corporate website will enable us to better incorporate any planned or future acquisitions and recruit a larger pool for placements of medical professionals." Medical Connections, Inc., our wholly owned subsidiary, is an early stage 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 healthcare specialists; including 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. "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.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. Medical Connections, Inc. Mr. Anthony Nicolosi, President 800-681-2056 Toll-Free 561-353-1110 Switchboard 561-353-1042 Fax www.medicalconnections.com Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters