Medical Connections Holdings Inc. (OTCBB: MCTH.OB) announced Wednesday it will effect a one-for-10 reverse stock split, which will take place June 20 at the opening of trading.

Every 10 shares of common stock will be converted into one share of common stock, and any uneven number of shares will be rounded up to the nearest whole share, the company reported.

“We believe the reverse stock split will better position our company to apply for a listing on a national securities market or exchange,” said CEO Jeffrey Rosenfeld. “Our goal is to work towards meeting their listing standards, and the reverse split of our shares will place us one significant step closer to achieving that goal. Moreover, the company believes that a higher share price would broaden the company’s appeal to investors.”