Dallas, TX – January 30, 2014 – Nurses Lounge, Inc, an online professional network for nurses and a wholly-owned subsidiary of MedCAREERS Group, Inc. (“MCGI” or the “Company”) (OTCQB:MCGI), a development stage company, today announced it has signed a three year extension with Oracle Social Community Cloud Service, the Nurses Lounge Network platform. Nurses Lounge also announced an upgrade to the Oracle RightNow CX Platform that provides improved analytics. Additionally, this will allow the dissection of the nursing professional database by near endless parameters, including specialty, education level and geographic location to instantly deliver advertising to a member’s inbox.
“Our network has run on the same service since we started in mid 2009,” said Tim Armes, the president and CEO of MedCAREERS GROUP, Inc. and founder of Nurses Lounge. “It was originally developed by HiveLive, a start-up out of Boulder, CO, that was acquired by RightNow Technologies. RightNow broadened the service, and was purchased by Oracle. The annual cost of the service is fixed at just under $35,000 whether we have one nurse on our network or three million nurses, along with every nursing school, professional association and nurse employer. It even includes 24/7 support.
“Oracle gives us a tremendously scalable platform at half the cost of what a part-time programmer costs,” Armes said. “Our investors can take comfort in knowing that we have minimal technical risks and financial certainty for the most important part of the business, the network.” He added, “To put this in perspective, if we were to bring one million nurses into our network, that is a network cost of $.035 cents, per nurse, per year. If projected annual revenue of $30 to $40 per nurse can be reached via a diverse revenue stream including recruitment advertising, continuing education, as well as targeted emails and banners, Nurses Lounge should have great margins and substantial free cash flow after accounting for a typical amount of sales and administrative costs.”
For more information, contact Tim Armes, CEO, at 972-393-5892 or email@example.com. Visit www.nurseslounge.com ; follow on Facebook at https://www.facebook.com/pages/Nurses-Lounge/38580343666 and on twitter @TheNursesLounge.
MedCAREERS Group, Inc.'s focus is to develop and build value through its wholly-owned subsidiary Nurses Lounge, Inc., an online professional network and communication resource for nurses and stakeholder organizations such as nursing schools, associations and employers. By consolidating the profession onto one simple to use network, Nurses Lounge provides the tools and resources that allows organizations a more effective way to communicate to directly to their audience and the broader nursing profession.
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.
Media Contact: Susan Tellem, APR, RN, BSN, 310-313-3444 x1; firstname.lastname@example.org