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Wall Street Grand Report
Company: Medical Connections Holdings Inc. (OTCBB: MCTH)
Current PPS: $0.48
The BIG news is finally here! MCTH just announced that they signed a definitive agreement to ACQUIRE 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!
This is the news that we have been waiting for! I love it when a company executes and does what they say they're going to do! This confirms our Bullish Confirmation on MCTH!
MCTH is STILL the only company I am aware of with only a $24 MM market cap that could become a major leader in this industry! Most of MCTH's main competitors (ASGN, CCRN, and AHS) have market caps of over $200 MM while MCTH is growing hand over fist at only one tenth of the valuation of these competitors! Look at the new just today! We are talking about adding another potential $42 Million in revenues for MCTH with this acquisition! I can't believe MCTH is only $0.48!
MCTH is growing rapidly with now over 85 employees growing more than 500% in the last three years!
The demand for this industry is BOOMING! According to the U.S. Census Bureau, the United States population will increase 12% by 2020. Beginning 2012, a rapid increase in the elderly population will lead to dramatic demographic changes. Between 2012 and 2020, the population younger than age 65 will maintain an annual growth of 9 percent, while the population age 65 and older is projected to grow by about 50 percent. This will also lead to a significant increase in the number of people in need of healthcare. Estimates predict an increase upwards of 36 million individuals, of whom almost 24 % will be age 65 and older. The aging population of baby-boomers is entering into retirement age with ever-escalating demands for healthcare services! The baby-boomers are not only the largest part of the U.S. population, but also are the biggest spenders for healthcare services! As more baby-boomers approach retirement, those expenses will increase dramatically,
reaching a projected $4.2 trillion by 2016!
Remember, by 2017 it is estimated that one out of every $5 spent in this country will be on health care!!
MCTH is growing year over year and nobody is even following it! Over the past three years, MCTH reports that it has grown revenues 380% or an average of over 100% per year!!!
We are talking about TRIPLE DIGIT GROWTH for MCTH!
MCTH is very impressive with revenues growing from $2.2 MM in 2006 to $4.8 MM in 2007 to over $7 MM in revenue for 2008! The Company also has ZERO DEBT on its balance sheet!
Remember, there is nothing better than strong fundamentals!
If you haven't yet please read our profile and START YOUR RESEARCH! Today MCTH looked great with investors started to see the value here and picking up shares while we are still at these levels. The volume today more than double from earlier in the week and I think it's only going to get better!
I think once you look into this company you will see why this could become a very profitable investment down the road.
More Updates To Come ...
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