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MedCAREERS GROUP, Inc. Reaches Agreement in Principle to Acquire StaffMD
Date:3/4/2010

ount);s.linkTrackVars='prop5,eVar3,prop15';s.prop5='External Link';s.eVar3=s.prop5;s.prop15='86412757';s.tl(this,'o','ExternalLink');" target='_blank' href="http://www.physicianwork.com/">www.physicianwork.com to advertise their job listings.  The transaction is subject to due diligence and execution of definitive documentation which the parties expect to be finalized within 60 days.  

Physicianwork.com was cited in a 2007 survey conducted by the New England Journal of Medicine (NEJM) as the second most popular online source for physicians looking for jobs.  (NEJM's website was the most popular.)  

Commenting on the proposed transaction Mr. Sisk noted:  "I am a big believer in the strategy of MCGI and I am looking forward to being a part of the Company.  I believe that there is a lot of opportunity to grow StaffMD and to implement and grow the other brands that MCGI is looking to acquire.  A substantial amount of my selling price is in MCGI stock so I will be vested in the future success of the Company and I will work hard to make sure StaffMD continues to prosper."

Commenting on the proposed transaction for MedCAREERS GROUP, CEO R. Bryan Crutchfield commented:  "StaffMD is a leading company in the job posting space that has been built over the last ten years.  Je
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SOURCE MedCAREERS GROUP, Inc.
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