MedCAREERS GROUP, Inc. Reaches Agreement to Acquire MedCAREERS.com
26 Février 2010 - 11:13PM
PR Newswire (US)
ATLANTA, Feb. 26 /PRNewswire-FirstCall/ -- MedCAREERS GROUP, Inc.
(the "Company") (BULLETIN BOARD: MCGI) today announced that it has
reached an agreement in principle to acquire the business
operations and assets associated with the website MedCAREERS.com
including the domain name. The transaction is scheduled to close
upon the completion of an audit of the MedCAREERS.com business
unit's operations and other requirements, which are planned to
occur within the next 60 days. In connection with the acquisition,
MedCAREERS GROUP will retain Benjamin Kealy as President of the
MedCAREERS.com business unit. Mr. Kealy has been with
MedCAREERS.com since 1999. MedCAREERS.com is a job posting website
for medical related jobs and formerly powered the job board for
WebMD. MedCAREERS GROUP intends to expand the offerings of
MedCAREERS.com to include a full line of services to healthcare
professionals and the healthcare industry, including information on
medical malpractice insurance and other industry information.
Commenting on the acquisition, MedCAREERS GROUP CEO Bryan
Crutchfield noted, "This planned acquisition is the first step in
the implementation of a strategy intended to make us a leading
resource for healthcare professionals. The healthcare staffing
industry offers a lot of opportunity both online and offline and
MedCAREERS.com is intended to be the platform for the online
strategy." Commenting for MedCAREERS.com Benjamin J. Kealy added,
"I'm very excited to expand the MedCAREERS brand we've established
over the last 10 years and to fully realize its potential for
health care professionals." About MedCAREERS GROUP, Inc.:
MedCAREERS GROUP (http://www.medcareersgroup.com/) mission is to
become a leader in the healthcare career arena with a focus on the
healthcare professional. MedCAREERS Group's goal is to build itself
into a complete resource for the healthcare professional with an
emphasis and understanding of what healthcare professionals need as
a resource to assist them in maximizing their careers. MedCAREERS
Group aims to be the "go to" place for the healthcare professional
community. MedCAREERS Group intends to offers easy, comprehensive
solutions and information that is exclusively healthcare related.
About MedCAREERS.com: MedCAREERS.com, with over 200,000 registered
users, began operation in September of 1999 as a comprehensive
online job searching and recruiting web site designed exclusively
for the healthcare industry. Besides creating a broad-based online
healthcare staffing site, MedCAREERS.com has co-branded over 350
online career centers for health-related associations,
publications, delivery systems, training programs, and Internet
partners. This press release may contain forward-looking
statements, including information about management's view of the
Company's future expectations, plans and prospects, within the safe
harbor provisions under The Private Securities Litigation Reform
Act of 1995 (the "Act"). In particular, when used in the preceding
discussion, the words "believes," "expects," "intends," "plans,"
"anticipates," or "may," and similar conditional expressions are
intended to identify forward-looking statements within the meaning
of the Act, and are subject to the safe harbor created by the Act.
Any statements made in this news release other than those of
historical fact, about an action, event or development, are
forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of the Company, and concepts to be materially different
than those expressed or implied in such statements. These risk
factors and others are included from time to time in documents the
Company files with the Securities and Exchange Commission,
including but not limited to, its Form 10-Ks, Form 10-Qs and Form
8-Ks. Other unknown or unpredictable factors also could have
material adverse effects on the Company's future results. The
forward-looking statements included in this press release are made
only as of the date hereof. The Company cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, the Company undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by the Company. http://www.medcareersgroup.com/
DATASOURCE: MedCAREERS GROUP, Inc. CONTACT: Investor Relations
Department, +1-866-472-7781,ir@medcareersgroup.com Web Site:
http://www.medcareersgroup.com/
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