Joseph Gunnar retained as Medical Connections' exclusive investment banker

Sep 25 2009

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, is pleased to announce it has retained New York City-based broker dealer Joseph Gunnar & Co as its exclusive investment banker.

“As part of our ongoing and dedicated effort to be the nation’s top medical staffing company, we have brought in one of the top investment bankers around to help us get there in a way that was financially smart and strategic,” said Joseph Azzata, CEO of Medical Connections. “We’ve found a banking and investment partner that will support and lead our growth through strategic acquisitions. We are committed to growing the company to the number one Medical staffing service in the nation.”

Medical Connections and Joseph Gunnar will immediately focus on establishing credit facilities, debt transactions, processing transactional business acquisitions, business combinations and joint ventures.

In addition, Mr. Azzata announced the appointment of Mr. Norm Farra, Jr. to the Advisory Board. Mr. Farra, who is Director of Investment Banking for Cresta Capital Strategies LLC, an investment banking firm based in Melville, NY, is an industry veteran with nearly two decades of experience in advising businesses that are actively and often significantly growing through private placements, IPOs, mergers and acquisitions and other corporate strategy and growth capital financings.

“We are honored to have added Norm, who is such a respected name in the financial world, to our ‘Dream Team’ of advisors”, explained Anthony Nicolosi, President of Medical Connections. “The timing of Mr. Farra’s arrival couldn’t be better. As one of the fastest-growing medical staffing companies in the country, we remain committed to doing things as effectively as possible. The combination of Mr. Farra and Joseph Gunnar will significantly advance our company growth and overall shareholder value.”

“As our company grows in leaps and bounds, we wanted to make sure that the growth was more than just rapid – that it was fiscally-sound as well,” said Mr. Nicolosi “We are excited by the many possibilities and opportunities that will now open up as a result of this great pairing.”