MedCAREERS Group, Inc (“MCGI”) (OTCQB: MCGI) is dedicated to building its wholly-owned subsidiary, Nurses Lounge, Inc., into the premiere online professional network for the nursing community.
Nurses Lounge, A Professional Network for Nurses
Nurses Lounge (Nurseslounge.com), is a professional network for nurses (think “Linkedin” for Nurses) built from the ground up for the nursing profession and designed, as membership grows, to attract a sizable portion of the billions of dollars spent each year by companies looking to reach nursing professionals including employers, agencies, continuing education providers as well as medical and drug manufacturers to name a few.
Additionally, Nurses Lounge is configured to solve many of the communication challenges faced by the nursing professions three major stakeholder organization types; nursing schools, professional associations and employers. Nurses Lounge does
this through their ‘interactive lounge’ pages which provides.
- Nursing schools the ability to manage and build alumni programs and distribute news and info to the broader nursing profession,
- Nurse associations an alternative to outdated static websites or social pages including a safe professional online environment for members to network and interact in and,
- Employers a cost saving platform for their employee referral program, timely distribution of news and below market recruiting costs.
Nursing is the largest profession in the healthcare industry with about 3 million nurses in the U.S. The demand for nurses is expected to grow to about 3.5 million by the end of the decade. Also, about one million nurses are expected to retire over this same period. This means more money will be spent chasing fewer nurses. As such, MCGI’s management believes that, whoever can aggregate the profession together on to one network, will likely be the go-to-site for any organization needing to reach nursing professionals. Also, management believes, that this is a winner-takes-all opportunity as the chance of having two professional networks for nurses is slim to none. Click here for additional info.
Early Growth through BSN Nursing Schools
Much like how Facebook reached out to schools in their early stage of growing membership, Nurses Lounge is directing their early efforts primarily to working with Nursing Schools and Student Nurse Associations (see recent press releases). As such you can find numerous examples of the Nurses Lounge “NL” icon on major schools and organizations websites placing Nurses Lounge shoulder-to-shoulder (for the nursing schools purpose) with social networks Facebook, Linkedin and Twitter.
History and Management
The President and CEO of MCGI and founder of Nurses Lounge isTimothy Armes. He was alsothefounder of Jobs.com that he built into one of the top five job boards by 1999. He launched Nurses Lounge as a direct mail magazine that was published from 2003 to 2011. In mid 2009 he re-launched the website, NursesLounge.com into the professional network similar to what operates today. Accordingly, he has successful experience starting and building businesses in this space from the ground up.
Recent Investments in Social Network by Leading VC’s :
While major social networks such as Facebook and Linkedin still grab the major headlines, niche networks are getting looks and substantial funding from silicon Valley’s leading VC’s including:
Doximity.com, described as a ‘Linkedin for Doctors’, has had approximately 27 million dollars invested from major venture funds in the last two years. This likely brings Doximity’s valuation upward of $75 million. See recent article.
Nextdoor.com, described as a ‘Social Network for Neighbors’ reported this past October they had raised over $100 million in the last 18 months from the likes of elite venture funds Greylock (early Linkedin & Facebook investor) and Kleiner Perkins (Google). This reportedly places the value at over $200 million while reporting they have “no revenue yet”. See recent article.
A Rare Opportunity
Successful businesses in the social network space, such as Linkedin and Facebook have primarily been available to venture funds and a few well-connected insiders in the early to mid-stages of their investment cycle. MCGI, however, provides the micro investor, a chance to participate at an investment stage that may potentially provide investment returns that early investors in successful social media companies received.
For more info see nurseslounge.com and follow Nurses Lounge on twitter, www.twitter.com/@thenurseslounge
Disclaimer: THIS IS NOT A SOLICITATION TO SELL SECURITIES. THIS OPPORTUNITY IS QUALIFIED BY THE INFORMATION CONTAINED IN THE FILINGS OF MEDCAREERS GROUP, INC. (MCGI) WITH THE U.S. SECURITIES & EXCHANGE COMMISSION. THERE ARE RISKS ASSOCIATED WITH AN INVESTMENT IN MCGI. ACTUAL RESULTS MAY VARY SIGNIFICANTLY FROM PROJECTED RESULTS. CONSULT YOUR OWN TAX AND INVESTMENT ADVISORS.