News
Medical Connections signs definitive agreement to buy Trustaff Management, Inc.
Medical Connections Holdings, Inc. (OTC Bulletin Board: MCTH),
one of the nation’s fastest growing healthcare staffing companies specializing in allied health,
nurse and physician staffing and recruiting services, said it has entered into a stock purchase
agreement to acquire all of the issued and outstanding capital stock of Trustaff Management,
Inc., an Ohio corporation and its five wholly-owned limited liability companies.
Tuesday, March 23, 2010
FOR RELEASE – 3/17/10
Contact:
Anthony Nicolosi, President
Medical Connections, Inc.
2300 Glades Rd. Suite 307E
Boca Raton, FL 33431
800 681 2056 Toll-Free
561 353 1110 Switchboard
anicolosi@medicalconnections.com
www.medicalconnections.com
MEDICAL CONNECTIONS SIGNS DEFINITIVE AGREEMENT TO BUY
TRUSTAFF MANAGEMENT, INC.
BOCA RATON, FL – Medical Connections Holdings, Inc. (OTC Bulletin Board: MCTH),
one of the nation’s fastest growing healthcare staffing companies specializing in allied health,
nurse and physician staffing and recruiting services, said it has entered into a stock purchase
agreement to acquire all of the issued and outstanding capital stock of Trustaff Management,
Inc., an Ohio corporation and its five wholly-owned limited liability companies. Trustaff is a
national health care staffing company with approximately 100 corporate staff supporting 500
healthcare professional working at various clients throughout the United States. Based on
financial information provided to the Company, Trustaff had revenues in excess of $42 million
during fiscal 2009, with profits in excess of $4.4 million. Trustaff's executive offices are
located in Cincinnati, Ohio.
About Trustaff Management, Inc.
As one of the fastest growing names in the healthcare staffing industry, Trustaff is dedicated to
placing doctors, nurses, pharmacists and allied healthcare professionals in premier facilities
nationwide. Since 2002, Trustaff has built its business by being committed to providing the
best travel nurse jobs and travel allied healthcare jobs as well as permanent placement for
pharmacists, allied healthcare professionals, and physicians.
About Medical Connections, Inc.
Founded in 2002, Medical Connections, Inc. is a pioneering medical recruitment and staffing
company dedicated to satisfying the increasing demands for qualified personnel in the healthcare
industry. The company identifies and places medical professionals - from nurses and physicians to
pharmacists and medical scientists – in facilities throughout the U.S. Medical Connections applies
both established and innovative methods to meet the needs of its clientele, capitalizing on the more
than 40 years’ industry experience of its key personnel.
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.
Learn more:This press release includes forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking
statements. Such factors include (a) failure to successfully acquire existing staffing companies
to grow its staffing business; (b) whether the company will have adequate financing to expand
its business; (c) whether the company will effectively manage its expanding operations which
will place significant demands on its managerial, financial and informational systems; (d)
competition among medical staffing companies for clients and qualified nurses and other
healthcare professionals and personnel; (e) the company’s ability to locate and fill staffing
orders; (f) whether general economic conditions and the regulatory environment will be
favorable to the growth of the company’s business; (g) the company’s ability to grow
organically. The company’s past performance is not necessarily indicative of its future
performance. The company does not undertake, and the company specifically disclaims any
obligation, to update any forward-looking statements to reflect occurrences, developments,
events or circumstances after the date of such statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release regarding Medical Connections Holdings, Inc. business which
are not historical facts are "forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see "Risk Factors" in the Company's
Annual Report or Form 10-K filed with the Securities and Exchange Commission for the most
recently ended fiscal year at www.sec.gov.
