Medical Connections Holdings, Inc. (fka MCTH)

[BMac22]

If they acquire a company with $50M in revenue, we could be looking at $2.10 IMO!! Let me remind you what they said in a recent PR:

BOCA RATON, Fla.--(BUSINESS WIRE)--Medical Connections, Inc. (OTCBB: MCTH - News), a national provider of medical recruitment and staffing services, is pleased to provide this corporate update to the financial community which outlines the recent acceleration in the company’s current business trend.

Medical Connections has completed the final phases of due diligence of the acquisition of a national healthcare staffing company. Medical Connections is in the final stages of completing this acquisition and hopes to have it completed within the first quarter of 2010. The addition of this acquisition is potentially great news for Medical Connections and its shareholders. This national company runs a strong, profitable operation with virtually the same business lines as Medical Connections.

Medical Connections, Inc. highlights from the second half of 2009:

* Entered into a Letter of Intent to acquire a national healthcare staffing company, whose 2008 revenue exceeded $50,000,000.
* Retained Joseph Gunnar & Company as its exclusive investment banker.
* Finalized implementation of Microsoft ERP software platform.
* Amended lease on new office space and realized significant cost savings.