Press Release Source: Medical Connections, Inc. On Thursday April 8, 2010, 4:05 pm
BOCA RATON, Fla.--(BUSINESS WIRE)--Medical Connections Holdings, Inc. (OTCBB: MCTH - News), one of the nation’s fastest growing healthcare staffing companies specializing in allied health, nurse and physician staffing and recruiting services, provided a progress report today on its due diligence of the pending acquisition of Trustaff Management, Inc.
“A significant amount of audit work has been done at Trustaff,” said Anthony Nicolosi, President, Medical Connections. “The audit of 2008 is completed and 2009 is close to completion. As the completion of these audits is required prior to this transaction being finalized, we are very pleased to make note of the progress being made.”
On March 12, 2010, Medical Connections Holdings, Inc. and Trustaff Management, Inc. entered into a definitive agreement to acquire all of the issued and outstanding capital stock of Trustaff Management, Inc., an Ohio based corporation and its five wholly-owned limited liability companies.
