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Medical Connections completes private placement

June 16 2008

Medical Connections Holdings Inc. (OTCBB: MCTH.OB) said it completed a private placement of 4 million shares for $5 million. The company said it plans to use its proceeds to fuel future growth, establish a reserve for acquisitions and work toward moving the company onto another stock exchange.

Medical Connections is a Boca Raton FL-based healthcare staffing firm.

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