posted
Beaten down and thrown to the curb mssi is about to go subpenny. has dilution issues but this was trading at .04 few months ago. big time nursing shortage.... right now. could be a good bottom play..
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
could of bought this at the ask at .01 this morning and had a nice gain. i think this has just started, ok i'll shut up now about this, lol
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
Monday, October 02 2006 8:31 AM, EST MSSI Wins Physician Services Contract Business Wire "US Press Releases " VIENNA, Va .--(BUSINESS WIRE)-- Medical Staffing Solutions, Inc. (OTCBB:MSSI), an established provider of medical personnel and technology services to government and commercial clients, was awarded a new contract for Physician services at General Leonard Wood Army Community Hospital (GLWACH) in Fort Leonard Wood, Missouri through its wholly-owned subsidiary, TeleScience International, Inc. (TII). This new contract award for MSSI requires the company to provide the services of multiple Family Practice Physicians on a full time basis, plus some overtime and rotational on-call work. The contract performance period is for five years, and is valued over $1.7 million . The contract is a personal services contract; therefore the cost of malpractice insurance is covered by the government. Dr. Sahay, President and CEO of MSSI said, "This contract award adds a new client to our base and one more state on the map for us. Of the spectrum of medical professionals TII provides, Physicians are the highest billable and most prominent category. We are excited to have won this multi-physician contract at Fort Leonard Wood for one base year plus four option years. This will certainly assist us in our efforts towards achieving profitability for MSSI." About MSSI-TeleScience In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel and technology services to federal, state and local government agencies and to the private sector. The Company's Medical Services Division has operations in ten (10) states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The Company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California . The Company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. For more information, visit the company's website at www.telescience.com. Legal Notice Regarding Forward-Looking Statements: "forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies. Source: Medical Staffing Solutions, Inc.
Posts: 1580 | From: World | Registered: Jul 2006
| IP: Logged |
posted
hey jim, i loaded this hard at .007 waiting for the sale of part of the nursing biz.. ceo want to raise pps in a big way imo..
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
im waiting for this to go thru and am hoping they will end dilution... just a hope and hunch..
VIENNA, Va., Sep 12, 2006 (BUSINESS WIRE) -- Medical Staffing Solutions, Inc. (MSSI), an established provider of medical personnel and technology services to government and commercial clients, announced that it has signed a Letter of Intent (LOI) to sell its wholly-owned subsidiary, Nurses Onsite Corp. (NOC).
On September 6, 2006, MSSI and NOC entered into the LOI with General Healthcare Resources, Inc. (GHR) pursuant to which GHR would acquire substantially all of the assets of NOC for an aggregate purchase price equal to Two Million Eight Hundred Fifty Thousand Dollars ($2,850,000). The transaction is subject to the satisfactory completion of due diligence and other conditions including the execution of a definitive agreement. The parties have agreed to execute a definitive Asset Purchase Agreement within sixty (60) days following the execution of the LOI.
Dr. Sahay, President and CEO of MSSI stated, "It is time for MSSI to re-organize and re-strategize. In the past year since the acquisition of NOC, MSSI stock has unexpectedly declined in value. We believe we can strengthen MSSI's overall position by selling Nurses Onsite Corp., stemming losses, and re-focusing on what MSSI-TeleScience has been doing for over a decade: government contracting."
Dr. Sahay further stated, "By acquiring NOC in 2005, our hope had been to diversify MSSI's service offering between the commercial and government sectors. What we came to find is that the two businesses are quite different, and the economies of scale we had hoped to achieve were not being realized. We believe that NOC, a per diem nurse staffing agency, will be a better fit with General Healthcare Resources, Inc. Pending final closing, MSSI will re-focus on the long-term government health care staffing arena, where unlimited opportunities exist. The government has proven to be an excellent customer for us, and has provided us a means to capture regular, long-term streams of revenue with relatively low-maintenance or additional overhead."
About MSSI-TeleScience
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
i'll probably round off 1M next week than call it quits. holdin this sob way way long.
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
| IP: Logged |
posted
you werent kidding mike, hopefully big news will come soon, this company is signing contracts left and right, it tanked from .04 from dilution. they woke up i think and realize they need to get pps up.. in my opinion..
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
a quadplay from here is inevitable, providing no bad news of course. jmo Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
| IP: Logged |
posted
i think, Im not sure how much they have converted , but im almost positive its over half. thats what killed the pps from 4.. cornell the pps killer, I have watched this for months and only decided to get in after it went under a penny and got more at .007. Im not seeing any dilution since the pr about them selling the online company and concerned about the pps. im hoping that they can get enough money from this sale and combined with the contracts, they can end dilution with cornell. I think they are concerned that if they dont end dilution, no one will buy.. so we'll see, ya never know, lol
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
im assuming you are using AON order.. its good that its hard to buy at the ask.. at least good for me, lol.. not for someone wanting to get in though, lol
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
