In the company’s news Friday,
Medical Connections Holdings, Inc. reported a 58% increase in revenue for the third quarter, 2008. The company declared quarterly revenues of $1,855,671, versus $1,176,850 for the same quarter 2007. Also given were revenue figures for the nine months ending September 30, 2008, representing an increase of 64%, to $5,346,080. The results are an important step in the company’s continued drive toward profitability, representing a decrease in net loss margin by 30% period to period.
Anthony Nicolosi, the company’s president, commented, “We are very excited with our year-to-date results and anticipate similar organic growth in 2009. A primary focus has been on building the infrastructure necessary for future strategic acquisitions and the further implementation of strong internal controls as we pursue our growth and profitability objectives.”
The company considers itself well positioned to compete in healthcare staffing, with a management team experienced in building recruiter and broker based businesses, and with a history of developing infrastructure and operations for medical recruitment companies. Joseph Azzata, Medical Connections CEO, has several years of experience as an executive in healthcare recruiting and staffing, and has also been a financial advisor in the brokerage and investment banking industries.
Anthony Nicolosi, President/Director of Medical Connections, also has several years of healthcare recruiting and staffing experience, along with brokerage and investment banking. He served as President and CEO of Capital Market Partners, and as financial executive with Citicorp Investment Services.
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