MedCAREERS Group Inc (OTCMKTS:MCGI) continues to make move on accelerating volume. The stock recently made an explosive move up on its biggest volume days ever.
The recent interest in MCGI is a welcome change for shareholders who have endured steady declines since this one was trading over $0.20 a share in the last months of 2013.
MedCAREERS Group Inc (OTCMKTS:MCGI) focus is to develop and build value through its wholly-owned subsidiary Nurses Lounge, Inc., The Company is run by Timothy Armes who was founder of jobs.com which sold to Monster.com in 2002 for $800,000.
Later, with Arms still at the helm the Company received another $62 million in advertising, promotion and “other consideration” over a five-year period from Media giant CBS Corp. Mr. Arms said at the time the deal “will allow us to reach deep into local markets with traditional advertising opportunities.”
MedCAREERS Group flagship is nurseslounge.com an online professional network and communication platform for nurses and stakeholder organizations such as nursing schools, associations and employers.
It’s basically like the Monster.com of RN and it seems to be catching on quickly with the familiar nurseslounge.com logo showing up on the websites of hundreds of top universities across the country.
The portal consolidates the profession onto one simple to use network, Nurses Lounge provides the tools and resources that allows organizations a more effective way to communicate directly to their nursing audience and as well as the broader nursing profession.
It provides nurse employers, schools and associations with the ability to create groups and successfully communicate news, announcements, and events seamlessly to their members.
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The network also includes an interactive directory of approximately 600 schools that offer a Bachelor of Science in Nursing (BSN), 1,000 nursing schools that offer an Associate Degree in Nursing (ADN), 6,000 medical facilities, plus interactive lounges for 97 nurse specialties. These organizations can take administrative control of these lounge pages that allows them to customize their pages with images, logos, and videos, as well as the ability to post news and info that is instantly distributed to their nurse followers.
Additionally, the network provides the most current networking tools necessary for student and local professional nurse associations to more effectively manage and grow their organizations versus outdated and obsolete web sites.
In November of last year MCGI said that it has completed its Nurses Lounge mobile app for iOS and is awaiting final approval from Apple for downloading on iTunes. Approval is expected the week of Thanksgiving. An Android version will be released in late December in time for the new school year.
Tim Armes said at the time “We had our beta version available for demonstration at the MidYear National Student Nurses’ Association conference held in Portland, Oregon on November 6th and 7th. The majority of student attendees were officers of their student nurse associations and really loved the idea of being part of a professional network for nurses with the added ability of being able to communicate instantly with their members via their smart phones. No more pinning up posters around campus, managing email lists or information getting looked over on Facebook feeds.”
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Like most pinks trading in sub penny land MCGI has minimal assets or revenues and rising short term debt. But this is an exciting story developing in small caps; the Company has some big names behind it and has launched the nurseslounge.com portal which seems to be quickly taking off. MCGI is also attracting a loyal shareholder base that swears this one goes higher. We will be updating on MCGI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MCGI.
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Disclosure: we hold no position in MCGI either long or short and we have not been compensated for this article.