Medical Connections Holdings, Inc. (fka MCTH)

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Medical Connections Holdings, Inc. Secures 27% Revenue Growth in 2010
Date : 01/10/2011 @ 4:05PM
Source : Business Wire
Stock : Medical Connections Holdings, Inc. (MCTH)
Quote : 0.115 0.01 (9.52%) @ 4:03PM


Medical Connections Holdings, Inc. Secures 27% Revenue Growth in 2010

Medical Connections (OTCBB:MCTH)
Intraday Stock Chart
Today : Monday 10 January 2011
Medical Connections Holdings, Inc. (OTCBB: MCTH), a national provider of medical recruitment and staffing services, reported today on the growth in revenue that the Company has attained during 2010.

The Company reported that annual revenue has increased 27% compared to 2009 and 47% when comparing fourth quarter 2010 to fourth quarter 2009. The improvement reflected volume gains in contract travel staffing in the allied segment, the Company’s primary business line. Permanent placement staffing levels remained stable.

Anthony Nicolosi, Company President, stated, “2010 has shaped up to be a record revenue year for Medical Connections. Our CEO, Jeff Rosenfeld, has done a great job in directing the operations and focusing on the fundamentals of the business. Additionally, we continue to strive to build a strong business core that is centered on growth and profitability. We anticipate that 2011 will be an even better year than 2010 for Medical Connections.”

Jeff Rosenfeld, Company CEO, stated, “We are pleased to see the revenue growth for 2010, but still have much to accomplish. During 2011, we anticipate continued growth during the new year, coming from both organic and acquisition sources. We expect that all of our efforts in the coming year to have a strong, positive impact on both revenue and profits.”

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.