SOURCE: MedCAREERS GROUP, Inc.

MedCAREERS Group, Inc.

September 30, 2015 09:23 ET

MedCareers Reports Improved Second Quarter Results

DALLAS, TX--(Marketwired - Sep 30, 2015) - MedCareers Group, Inc. (the "Company"), (OTC PINK: MCGI) which is dedicated to building its wholly-owned subsidiary, Nurses Lounge, Inc. into the premiere online professional network for the nursing community, is proud to announce its second quarter results. The Company saw revenues increase over 151% over the previous year's same time period, while cutting losses by more than 52%.

The Company's Chief Executive Officer, Timothy Armes, stated, "I am very pleased to actualize the efforts we have been putting into the building of the Nurses Lounge brand. It is very exciting to see the roll out of our strategy starting to have such a positive effect in our numbers. This was a quarter that had real progress towards the company reaching viability."

The highlights for our Quarter are as follows:

  • Revenue increased 151% from July 31, 2015 compared to July 31, 2014.
  • Losses cut by 52% from July 31, 2015 compared to July 31, 2014.
  • Brought on many of the top Nursing schools in the nation.
  • Exposed the Nurses Lounge Brand to major healthcare systems.
  • Additionally consolidated short-term convertible debt held by funds in early September.

We are very pleased by the progress in this quarter and are hoping to stay on course towards profitability.

Visit: www.nurseslounge.com follow on Facebook at https://www.facebook.com/TheNursesLounge and on twitter @TheNursesLounge

Forward-Looking Statements
This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects. 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. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product or services development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct (i) its own forward-looking statements, except as required by law, or (ii) those prepared by third parties that are not paid for by the Company.

Contact Information