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MCTH Medical Connections Holdings Inc (CE)

0.0001
0.00 (0.00%)
11 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Medical Connections Holdings Inc (CE) USOTC:MCTH OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 00:00:00

Medical Connections Holdings, Inc. Reports Increased Travel Staffing Business since Restructure

20/12/2011 7:17pm

Business Wire


Medical Connections (CE) (USOTC:MCTH)
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Medical Connections Holdings, Inc. (OTCBB:MCTH) a national provider of healthcare staffing services, announced today its travel headcount has increased over 43% since completing the restructuring of its operations. In addition, the Company has maintained its gross margin for its Travel Division at 22% as the Company has continued to control costs and obtain higher margin contracts.

Anthony Nicolosi, Company President, stated, “We continue to make progress towards our goal of building a strong company. Our focused efforts on increasing our travel revenue and related margins have really paid off. We are getting much closer to our breakeven point. With all these factors working together we can now renew our efforts towards looking at acquisitions. We will continue to work hard to improve our business.”

Medical Connections, Inc., headquartered in Boca Raton, Florida, 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.

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 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 economic and business factors, some of which are 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/A for our fiscal year ended December 31, 2010 filed with the SEC on July 1, 2011. 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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1 Year Medical Connections (CE) Chart

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