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Medical Connections Revenue Falls 18%

May 16 2012

Medical Connections Holdings Inc. (OTCBB: MCTH.OB), a Boca Raton, Fla.-based healthcare staffing firm, reported first-quarter revenue fell 18.1 percent to $1.7 million, as compared to revenue of $2.0 million in the year-ago quarter.

However, gross margin improved to 28.6 percent from 23.3 percent in the year-ago quarter.

The company posted a first-quarter net loss of $1.4 million, compared to a net loss of $867,423 in the year-ago quarter.

Medical Connections Holdings Inc. (OTCBB: MCTH.OB)
For the first quarter ended March 31, 2012, as compared with the year-ago period.
Revenue: $1.7 million, -18.1 percent
Net loss: $1.4 million vs. net loss of $867,423

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