================================================================================
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                ---------------

                                  FORM 10-QSB

                                ---------------

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    For the quarterly period ended September 30, 2006

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES
    EXCHANGE ACT OF 1934

    For the transition period from ___________________ to ____________________

                          Commission File No. 333-72376


                                ---------------

                       MEDICAL CONNECTIONS HOLDINGS, INC.
             (Exact name of registrant as specified in its charter)

                                ---------------


              FLORIDA                                         65-0920373
    (State or other jurisdiction of                        (I.R.S. Employer
    incorporation or organization)                        Identification No.)

                       2300 Glades Road Suite 202 E 33431
                               Boca Raton, Florida
               (Address of principal executive office) (Zip Code)

                                 (561) 353-1110
              Registrant's telephone number, including area code:

                                       N/A
              Former name, former address and former fiscal year,
                          if changed since last report.


Indicate by a check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.                   Yes [X]     No [ ]

Indicate by a check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).                 Yes [ ]     No [X]

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
Common Stock as of the latest practicable date:

    2,512,363 shares of Common Stock, $.001 par value as of November 9, 2006

================================================================================

<PAGE>


                                      INDEX



PART I. - FINANCIAL INFORMATION

Item 1.  Financial Statements

         Condensed Consolidated Balance Sheet as of September 30, 2006
         (unaudited)

         Condensed Consolidated Statement of Operations for the Nine and Three
         Months Ended September 30, 2006 and September 30, 2005 (unaudited)

         Condensed Consolidated Statements of Cash Flows for the Nine Months
         Ended September 30, 2006 and September 30, 2005 (unaudited)

         Notes to Interim Financial Statements as of September 30, 2006
         (unaudited)

Item 2   Management's Discussion and Analysis or Plan of Operations

Item 3   Controls and Procedures



PART II. - OTHER INFORMATION

Item 1   Legal Proceedings

Item 2   Unregistered Sales of Equity Securities and Use of Proceeds

Item 3   Defaults upon senior securities

Item 4   Submission of matters to a vote of security holders

Item 5   Other information

Item 6   Exhibits and reports on Form 8-K




<PAGE>

                         PART I. FINANCIAL INFORMATION


ITEM 1. FINANCIAL STATEMENTS


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
             (FORMERLY WEBB MORTGAGE DEPOT, INC., AND SUBSIDIARIES)
              CONDENSED CONSOLIDATED BALANCE SHEET-UNAUDITED
                           SEPTEMBER 30, 2006

<TABLE>
<CAPTION>
<S>                                                                    <C>
                                     ASSETS

CURRENT ASSETS
    Cash                                                               $    387,698
    Accounts receivable, net                                                407,912
                                                                       ------------
         TOTAL CURRENT ASSETS                                               795,610
                                                                       ------------

PROPERTY AND EQUIPMENT
    Property and equipment                                                  827,650
    Less: accumulated depreciation                                          (60,212)
                                                                       ------------
         NET PROPERTY AND EQUIPMENT                                         767,438
                                                                       ------------

OTHER ASSETS
    Security deposit                                                         28,540
                                                                       ------------

TOTAL ASSETS                                                           $  1,591,588
                                                                       ============

                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES
   Accounts payable and accrued expenses                               $     41,063
   Loan payable                                                              75,000
   Line of credit                                                            48,000
   Convertible debentures                                                   837,560
   Promissory note                                                            3,916
   Liability for stock to be issued                                         380,056
                                                                       ------------
          TOTAL CURRENT LIABILITIES                                       1,385,595
                                                                       ------------

LONG-TERM LIABILITIES
   Mortgage payable                                                         459,000
                                                                       ------------

          TOTAL LIABILITIES                                               1,844,595
                                                                       ------------

STOCKHOLDERS' EQUITY (DEFICIT)
   Preferred stock A, $.001 par value; 5,000,000 shares authorized,
     542,080 issued and outstanding at September 30, 2006                    10,299
   Preferred Stock - paid in capital                                     10,289,221
   Common stock, $.001 par value, 25,000,000 shares authorized,
     2,480,178 shares issued and outstanding at September 30, 2006            2,479
   Paid in capital                                                        4,629,466
   Subscription receivable                                                   (6,000)
   Accumulated deficit                                                  (15,178,472)
                                                                       ------------

          TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                             (253,007)
                                                                       ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                   $  1,591,588
                                                                       ============
</TABLE>
              The accompanying notes are an integral part of these
                  condensed consolidated financial statements.

                                       3

<PAGE>

              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
             (FORMERLY WEBB MORTGAGE DEPOT, INC., AND SUBSIDIARIES)
            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS-UNAUDITED
                       FOR THE NINE AND THREE MONTHS ENDED


<TABLE>
<CAPTION>
                                                     NINE MONTHS ENDED              THREE MONTHS ENDED
                                                       SEPTEMBER 30,                  SEPTEMBER 30,
                                                   2006            2005            2006            2005
                                               -----------     -----------     -----------     -----------
<S>                                            <C>             <C>                 <C>         <C>
REVENUES                                       $ 1,415,487     $   412,793         745,635     $   195,443
                                               -----------     -----------     -----------     -----------

COST OF GOODS SOLD                                 439,086               0         302,135               0
                                               -----------     -----------     -----------     -----------

GROSS PROFIT                                       976,401     $   412,793         443,500     $   195,443
                                               -----------     -----------     -----------     -----------

OPERATING EXPENSES
   Advertising and marketing                       154,102           2,865          60,271              --
   Administrative and other                        184,175         221,700          85,271          94,508
   Contract labor                                  209,447         227,565          42,675          40,500
   Compensation and consulting                     421,589         197,205          62,175          72,976
   Outside services                                 35,272         387,366          14,310         260,130
   Payroll                                       1,113,445         388,490         456,787         158,135
   Payroll taxes                                   196,232          42,017          71,902          18,778
   Professional fees                                97,563          74,673          28,796          34,917
   Rent                                             89,024          48,017          25,518          21,935
   Telephone                                        58,805          23,314          19,858          10,442
   Travel and entertainment                         73,083          16,847          21,454           1,461
   Placement fee                                        --          27,766              --           7,966
   Depreciation                                     38,080          13,936          13,540           6,212
                                               -----------     -----------     -----------     -----------
          TOTAL OPERATING EXPENSES               2,670,817       1,671,761         902,557         727,961
                                               -----------     -----------     -----------     -----------

   NET (LOSS) BEFORE OTHER INCOME (EXPENSE)     (1,694,416)     (1,258,968)       (459,057)       (532,518)
                                               -----------     -----------     -----------     -----------

   OTHER INCOME (EXPENSE)
         Interest income                               554             891             297             891
         Interest expense                         (243,311)        (29,357)       (159,919)         12,225
         Rental income                              13,100              --           5,900              --
                                               -----------     -----------     -----------     -----------
          TOTAL OTHER INCOME/(EXPENSE)            (229,657)        (28,466)       (153,722)         13,116

   NET (LOSS) BEFORE
   PROVISION FOR INCOME TAXES                   (1,924,073)     (1,287,434)       (612,780)       (519,402)
         Provision for income taxes                     --              --              --              --
                                               -----------     -----------     -----------     -----------

NET (LOSS) APPLICABLE TO
   COMMON SHARES                               $(1,924,073)    $(1,287,434)    $  (612,780)    $  (519,402)
                                               ===========     ===========     ===========     ===========

BASIC AND DILUTED LOSS
   PER SHARE                                   $     (2.22)    $     (2.70)    $     (0.25)    $     (1.09)
                                               ===========     ===========     ===========     ===========

WEIGHTED AVERAGE NUMBER
   OF COMMON SHARES                                865,551         476,880       2,480,178         476,880
                                               ===========     ===========     ===========     ===========
</TABLE>
              The accompanying notes are an integral part of these
                  condensed consolidated financial statements.

                                       4

<PAGE>

              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
             (FORMERLY WEBB MORTGAGE DEPOT, INC., AND SUBSIDIARIES)
            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS-UNAUDITED
           FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005

<TABLE>
<CAPTION>
                                                            2006            2005
                                                        -----------     -----------
<S>                                                     <C>             <C>
CASH FLOW FROM OPERATING ACTIVITIES
   Net (loss)                                           $(1,924,073)    $(1,287,434)

ADJUSTMENTS TO RECONCILE NET (LOSS) TO NET CASH
PROVIDED BY (USED IN) OPERATING ACTIVITIES:
    Depreciation                                             38,080          13,936
    Common stock issued for interest expense                223,272              --
    Common stock issued for compensation                    245,000         100,000
CHANGES IN ASSETS AND LIABILITIES
   (Increase) in accounts receivable                       (262,156)       (154,757)
   Decrease in security deposit                               4,703           7,071
   Increase in accounts payable and accrued expenses         11,063              --
   (Increase) in subscription receivable                         --        (196,800)
                                                        -----------     -----------

          TOTAL ADJUSTMENTS                                 259,962        (230,550)

          NET CASH (USED IN) OPERATING ACTIVITIES        (1,664,111)     (1,517,984)
                                                        -----------     -----------

CASH FLOW FROM INVESTING ACTIVITIES
   Acquisition of equipment                                 (26,176)       (138,011)
                                                        -----------     -----------
        NET CASH (USED IN) INVESTING ACTIVITIES             (26,176)       (138,011)
                                                        -----------     -----------

CASH FLOW FROM FINANCING ACTIVITIES
   Proceeds from issuance of common stock                        --       1,066,300
   Increase in mortgage payable                               9,000              --
   Payment on promissory note                               (19,196)             --
   Proceeds from convertible debentures                   1,192,560              --
   Proceeds from loan payable                               100,000              --
   Payment on loan payable                                  (25,000)             --
   Liability for stock to be issued                         712,964         543,194
                                                        -----------     -----------

          NET CASH PROVIDED BY FINANCING ACTIVITIES       1,970,328       1,609,494
                                                        -----------     -----------

NET INCREASE IN CASH AND CASH
   EQUIVALENTS                                              280,041         (46,501)

CASH AND CASH EQUIVALENTS
    -BEGINNING OF PERIOD                                    107,657         315,906
                                                        -----------     -----------

CASH AND CASH EQUIVALENTS
    - END OF PERIOD                                     $   387,698     $   269,405
                                                        ===========     ===========
</TABLE>
              The accompanying notes are an integral part of these
                  condensed consolidated financial statements.

                                       5

<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
             (FORMERLY WEBB MORTGAGE DEPOT, INC., AND SUBSIDIARIES)
            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS-UNAUDITED
           FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005

<TABLE>
<CAPTION>
                                                            2006            2005
                                                        -----------     -----------
<S>                                                     <C>             <C>

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
   INFORMATION:

     Cash paid during the period for:
          Interest                                      $    21,506     $        --
                                                        ===========     ===========

SUPPLEMENTAL DISCLOSURE OF NON-CASH
   INFORMATION:

    Common stock issued for interest expense            $   223,272     $        --
                                                        ===========     ===========

    Common stock issued for compensation                $   245,000     $        --
                                                        ===========     ===========

    Common stock issued for debt conversion             $   870,000     $        --
                                                        ===========     ===========

    Common stock issued for liability                   $   875,028     $        --
                                                        ===========     ===========

    Common stock dividend issued in preferred shares    $10,299,520     $        --
                                                        ===========     ===========

</TABLE>














              The accompanying notes are an integral part of these
                  condensed consolidated financial statements.

                                       5

<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
               (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION
         --------------------------------------

         The condensed consolidated unaudited interim financial statements
         included herein have been prepared by Medical Connections Holdings,
         Inc. and Subsidiaries (the "Company"), pursuant to the rules and
         regulations of the Securities and Exchange Commission. The condensed
         consolidated financial statements and notes are presented as permitted
         on Form 10-QSB and do not contain information included in the Company's
         annual consolidated statements and notes. For further information,
         these financial statements and related notes should be read in
         conjunction with the Company's audited financial statements for the
         year ended December 31, 2005 and the accompanying notes thereto.
         Certain information and footnote disclosures normally included in
         financial statement prepared in accordance with accounting principles
         generally accepted in the United States of America have been condensed
         or omitted pursuant to such rules and regulations, although the Company
         believes that the disclosures are adequate to make information
         presented not misleading. The result of the nine months ended September
         30, 2006 and 2005 may not be indicative of the results for the entire
         year.

         These condensed consolidated unaudited financial statements reflect all
         adjustments, consisting of normal recurring adjustments, which in the
         opinion of management are necessary for fair presentation of the
         information contained herein.

         Medical Connections Holdings, Inc., and subsidiaries, (formerly Webb
         Mortgage Depot, Inc., and subsidiaries (the "Company") is an employment
         and executive search firm that will provide recruiting services to its
         clients within the healthcare and medical industries. The Company was
         formed in Florida on November 26, 2002 for the purpose of specializing
         in the recruitment and placement of healthcare professionals in a
         variety of employment settings.

         Webb Mortgage Depot, Inc., was incorporated in the State of Florida on
         May 11, 1999 to implement a corporate reorganization. On February 4,
         2000, effective March 31, 2000, Depot acquired Webb Mortgage Corp., and
         Webb Mortgages Services Corporation.


                                       6

<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION (CONTINUED)
         --------------------------------------------------

         Webb Mortgage Corp., was incorporated in the State of Florida on June
         19, 1992 and operated as a mortgage broker.

         Webb Mortgage Services Corporation was incorporated in the State of
         Florida on February 25, 1998 and also operated as a mortgage brokerage.
         Webb Mortgage Services Corporation held a correspondent mortgage lender
         license in the State of Florida, which had not been renewed as of
         December 31, 2001.

         On December 27, 2005, a Share for Share Agreement (the "Agreement")
         between the Company and Webb Mortgage Depot, Inc. closed. Pursuant to
         the Agreement Webb Mortgage had acquired all of the issued and
         outstanding shares of common stock of the Company and the Company
         shareholders were issued, following a 100:1 reverse split of Webb
         Mortgage's common stock, up to 444,600 shares of Webb Mortgage Depot,
         Inc., so that immediately following the closing, the former
         shareholders of the Company would own approximately 95.0% of Webb
         Mortgage's issued and outstanding common stock. Concurrent with the
         closing, Webb Mortgage's former President, was required to tender
         1,831,000 pre-split shares of Webb Mortgage Depot, Inc's., common stock
         to Webb Mortgage for redemption. These shares have been tendered and
         returned to Webb Mortgage Depot, Inc., and the Company tendered the
         required payment of $200,000 for the shares. The transaction was
         accounted for using the principles of purchase accounting, and the
         historical records going forward will be those of Medical Connections
         Holdings, Inc.

         The new public entity "Medical Connections Holdings, Inc." has emerged
         as the parent company of Medical Connections, Inc. which will replace
         the Webb Mortgage Depot, Inc. brand. As of September 30, 2006, the
         subsidiaries are inactive.

         The newly formed Medical Connections Holdings, Inc. trades on the
         NASDAQ OTC B/B as a fully reporting company under the ticker symbol
         MCTH.


                                       7
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
         ------------------------------------------

         PRINCIPLES OF CONSOLIDATION
         ---------------------------

         The condensed consolidated balance sheet for September 30, 2006 and
         condensed consolidated statements of operations and cash flows for the
         nine months ended September 30, 2006 and 2005 includes Medical
         Connections Holdings, Inc., and its wholly-owned subsidiaries.
         Intercompany transactions and balances have been eliminated in
         consolidation.

         USE OF ESTIMATES
         ----------------

         The preparation of consolidated financial statements in conformity with
         accounting principles generally accepted in the United States of
         America requires management to make estimates and assumptions that
         affect the amounts reported in the consolidated financial statements
         and accompanying notes. Actual results could differ from those
         estimates.

         CASH AND CASH EQUIVALENTS
         -------------------------

         Cash and cash equivalents consists principally of currency on hand,
         demand deposits at commercial banks, and liquid investment funds having
         a maturity of three months or less at the time of purchase.

         The Company maintains cash and cash equivalent balances at financial
         institutions that are insured by the Federal Deposit Insurance
         Corporation up to $100,000.

         ALLOWANCE FOR DOUBTFUL ACCOUNTS
         -------------------------------

         Accounts are written off when management determines that an account is
         uncollectible. Recoveries of accounts previously written off are
         recorded when received. An estimated allowance for doubtful accounts is
         determined to reduce the Company's receivables to their carrying value,
         which approximates fair value. The allowance is estimated based on
         historical collection experience, specific review of individual
         customer accounts, and current economic and business conditions.
         Historically, the Company has not incurred any significant credit
         related losses. Management has determined that no allowance is
         necessary at September 30, 2006.


                                       8
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
         ------------------------------------------------------

         EQUIPMENT
         ---------

         Equipment is stated at cost. Depreciation is computed using the
         straight-line method over the estimated useful lives of the assets,
         three to five years. Reviews are regularly performed to determine
         whether facts and circumstances exist that indicate carrying amount of
         assets may not be recoverable or the useful life is shorter than
         originally estimated. The Company assesses the recoverability of its
         equipment by comparing the projected undiscounted net cash flows
         associated with the related asset or group of assets over their
         remaining lives against their respective carrying amounts. Impairment,
         if any, is based on the excess of the carrying amount over the fair
         value of those assets.

         If assets are determined to be recoverable, but the useful lives are
         shorter than originally estimated, the net book value of the assets is
         depreciated over the newly determined remaining useful lives. When
         equipment is retired or otherwise disposed of, the cost and related
         accumulated depreciation are removed from the accounts and the
         resulting gain or loss is included in operations.

         ADVERTISING
         ------------

         The Company's policy is to expense the costs of advertising and
         marketing as they are incurred. Advertising expense for the nine months
         ended September 30, 2006 and 2005 was $154,102 and $2,865,
         respectively.

         INCOME TAXES
         ------------

         The Company has adopted the provisions of Statement of Financial
         Accounting Standards ("SFAS") No. 109, Accounting for Income Taxes. The
         Statement requires an asset and liability approach for financial
         accounting and reporting of income taxes, and the recognition of
         deferred tax assets and liabilities for the temporary differences
         between the financial reporting bases and tax bases of the Company's
         assets and liabilities at enacted tax rates expected to be in effect
         when such amounts are realized or settled


                                       9
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

         START-UP COSTS
         --------------

         In accordance with the American Institute of Certified Public
         Accountants Statement of Position 98-5, "Reporting on the Costs of
         Start-up Activities", the Company expenses all costs incurred in
         connection with the start-up and organization of the Company.

         STOCK-BASED COMPENSATION
         ------------------------

         Employee stock awards under the Company's compensation plans are
         accounted for in accordance with Accounting Principles Board Opinion
         No. 25 ("APB 25"), "Accounting for Stock Issued to Employees", and
         related interpretations. The Company provides the disclosure
         requirements of Statement of Financial Accounting Standards No. 123,
         "Accounting for Stock-Based Compensation" ("SFAS 123"), and related
         interpretations. Stock-based awards to non-employees are accounted for
         under the provisions of SFAS 123 and has adopted the enhanced
         disclosure provisions of SFAS No. 148 "Accounting for Stock-Based
         Compensation- Transition and Disclosure, an amendment of SFAS No. 123".

         The Company measures compensation expense for its employee stock-based
         compensation using the intrinsic-value method. Under the
         intrinsic-value method of accounting for stock-based compensation, when
         the exercise price of options granted to employees is less than the
         estimated fair value of the underlying stock on the date of grant,
         deferred compensation is recognized and is amortized to compensation
         expense over the applicable vesting period. In each of the periods
         presented, the vesting period was the period in which the options were
         granted.


                                       10
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
         ------------------------------------------------------

         STOCK-BASED COMPENSATION (CONTINUED)
         ------------------------------------

         The Company measures compensation expense for its non-employee
         stock-based compensation under the Financial Accounting Standards Board
         (FASB) Emerging Issues Task Force (EITF) Issue No. 96-18, "Accounting
         for Equity Instruments that are Issued to Other Than Employees for
         Acquiring, or in Conjunction with Selling, Goods or Services". The fair
         value of the option issued is used to measure the transaction, as this
         is more reliable than the fair value of the services received. The fair
         value is measured at the value of the Company's common stock on the
         date that the commitment for performance by the counterparty has been
         reached or the counterparty's performance is complete. The fair value
         of the equity instrument is charged directly to compensation expense
         and additional paid-in capital.

         COMMON STOCK ISSUED FOR OTHER THAN CASH
         ---------------------------------------

         Services purchased and other transactions settled in the Company's
         common stock are recorded at the estimated fair value of the stock
         issued if that value is more readily determinable than the fair value
         of the consideration received.

         EARNINGS (LOSS) PER SHARE OF COMMON STOCK
         -----------------------------------------

         Historical net income (loss) per common share is computed using the
         weighted average number of common shares outstanding. Diluted earnings
         per share (EPS) include additional dilution from common stock
         equivalents, such as stock issuable pursuant to the exercise of stock
         options and warrants. Common stock equivalents were not included in the
         computation of diluted earnings per share when the Company reported a
         loss because to do so would be antidilutive for periods presented

         The following is a reconciliation of the computation for basic and
         diluted EPS:



                                       11
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
         ------------------------------------------------------

         EARNINGS (LOSS) PER SHARE OF COMMON STOCK (CONTINUED)
         -----------------------------------------------------

                                                 2006            2005
                                             -----------     -----------

Net income (loss)                            $(1,924,073)    $(1,287,434)
                                             -----------     -----------

Weighted average common shares
  outstanding (Basic)                            865,551         476,880

Weighted average common stock equivalents
    Stock options                                     --              --
    Warrants                                          --              --
                                             -----------     -----------

Weighted average common shares
  outstanding (Diluted)                          865,551         476,880
                                             ===========     ===========


         There are no common stock equivalents outstanding for the periods.

         REVENUE RECOGNITION
         -------------------

         The Company records its transactions under the accrual method of
         accounting whereby income gets recognized when the services are
         rendered and collection is reasonably assured.

         FAIR VALUE OF FINANCIAL INSTRUMENTS
         -----------------------------------

         The carrying amount reported in the balance sheets for cash and cash
         equivalents, loans payable, line of credit, convertible debentures,
         promissory note, mortgage payable, and liability for stock to be issued
         approximate fair value because of the immediate or short-term maturity
         of these financial instruments.



                                       12
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
         ------------------------------------------------------

         RECLASSIFICATIONS
         -----------------

         Certain amounts at September 30, 2005 were reclassified to conform to
         the 2006 presentation. These reclassifications had no effect on net
         loss for the periods presented.

         RECENT ACCOUNTING PRONOUNCEMENTS
         --------------------------------

         SHARE BASED PAYMENTS
         --------------------

         In December 2004, the FASB issued Financial Accounting Standards No.
         123 (revised 2004) (FAS 123R), "Share-Based Payment, "FAS 123R replaces
         FAS No. 123, "Accounting for Stock-Based Compensation", and supersedes
         APB Opinion No. 25, "Accounting for Stock Issued to Employees." FAS
         123R requires compensation expense, measured as the fair value at the
         grant date, related to share-based payment transactions to be
         recognized in the financial statements over the period that an employee
         provides service in exchange for the award. The Company intends to
         adopt FAS 123R using the "modified prospective" transition method as
         defined in FAS 123R. Under the modified prospective method, companies
         are required to record compensation cost prospectively for the unvested
         portion, as of the date of adoption, of previously issued and
         outstanding awards over the remaining vesting period of such awards.
         FAS 123R is effective January 1, 2006. The Company does not anticipate
         that the implementation of this standard will have a material impact on
         its financial position, results of operations or cash flows.

NOTE 3-  PROPERTY AND EQUIPMENT
         ----------------------

         Property and equipment consist of the following at September 30, 2006:

                                                  2006
                                               ---------

         Property and equipment                $ 827,650
         Less:  accumulated depreciation         (60,212)
                                               ---------

         Net book value                        $ 767,438
                                               =========


         Depreciation expense for the nine months ended September 30, 2006 and
         2005 was $38,080 and $13,936, respectively.


                                       13
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 4 - LINE OF CREDIT
         --------------

         The Company acquired through the reverse merger with Webb Mortgage
         Depot, Inc., a $50,000 line of credit with a bank. The line of credit
         bears interest at 11.25% as of September 30, 2006. The loan is due on
         demand and is secured by the assets of the Company with a guarantee by
         the President of the Company. As of September 30, 2006 the amount
         outstanding, including accrued interest was $48,000.

NOTE 5-  MORTGAGE PAYABLE
         ----------------

         The Company, through its reverse merger with Webb Mortgage Depot, Inc.,
         acquired a house and its corresponding mortgage payable. The house is
         secured by a home equity line of credit. The revolving line of credit
         is open ended with interest only payments made monthly. The term is set
         for fifteen years and the calculated monthly payments are based on
         prime plus 2.0%. At the end of the term a balloon payment will be due.
         As of September 30, 2006 the balance due is $459,000.

NOTE 6-  LIABILITY FOR STOCK TO BE ISSUED
         --------------------------------

         As of September 30, 2006, the Company has recorded $380,056 for the
         purchase of its common stock. Upon the issuance of the common stock the
         liability will be removed. The Company believes that the stock will be
         issued in the fourth quarter of 2006 and the first quarter of 2007.

NOTE 7 - CONVERTIBLE DEBENTURES
         ----------------------

         Medical Connections Holdings, Inc., and subsidiaries, during the year
         ended December 31, 2005, issued six convertible debentures at a rate of
         8%, and during the nine months ended September 30, 2006 issued seven
         convertible debentures at 6.75% per year, and an additional forty three
         at 6%. The convertible debentures are due on various dates during the
         year unless converted into common stock, at the option of the Company.
         As of September 30, 2006, the Company owed $837,560 on these
         convertible debentures, which will be paid in shares of common stock of
         the Company.


                                       14
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 8 - LOANS PAYABLE
         -------------

         The Company originated a promissory note in the amount of $100,000 on
         June 2, 2006 with a stated maturity date of 60 days. The stated
         interest rate is 3% on all amounts repaid within 30 days, and 4% on all
         amounts repaid between the 31st and 60th day from execution. The
         default interest rate is 10%. As of September 30, 2006, the Company has
         paid $28,000 towards this obligation, consisting of a $3,000 finance
         fee payment and a $25,000 principal payment. The note is currently in
         default, and will be remedied by the Company in the fourth quarter of
         2006.

NOTE 9 - STOCKHOLDERS' EQUITY (DEFICIT)
         ------------------------------

         PREFERRED STOCK - A
         -------------------

         As of September 30, 2006, the Company has 5,000,000 shares of preferred
         stock authorized at $0.001 par value and 542,080 issued and
         outstanding.

         PREFERRED STOCK - B
         -------------------

         As of September 30, 2006, the Company has 1,000,000 shares of preferred
         stock authorized at $0.001 par value and -0- issued and outstanding.

         COMMON STOCK
         ------------

         As of September 30, 2006, the Company has 25,000,000 shares of common
         stock authorized at $0.001 par value and 2,480,178 issued and
         outstanding.

         The following details the stock transactions for the nine months ended
         September 30, 2006:

         The Company issued 35,000 shares in March 2006 to consultants at fair
         market value ($7) per share for a total cost of $245,000.

         The Company also issued 30,200 shares of its common stock in the second
         quarter 2006. The resulting value was equivalent to $30,200.

         The Company issued 1,093,270 shares of its common stock in the third
         quarter 2006. This was for the conversion of convertible debentures and
         interest valued at $1,093,270.

         The Company issued 844,828 shares of its common stock in the third
         quarter 2006. This was for the payment of stock to be issued valued at
         $844,828.


                                       15
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 10 - PROVISION FOR INCOME TAXES
          --------------------------

         The Company accounts for income taxes using the liability method. At
         September 30, 2006 deferred tax assets consist of the following:



                                              2006
                                          -----------
         Deferred tax asset               $ 1,463,686

         Less: valuation allowance         (1,463,686)
                                          -----------

         Net deferred tax assets          $        --
                                          ===========


         At September 30, 2006, the Company had accumulated deficits
         approximating $4,878,954 available to offset future taxable income
         through 2025. The Company established valuation allowances equal to the
         full amount of the deferred tax assets due to the uncertainty of the
         utilization of the operating losses in the future period.














                                       16
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 11- OPERATING LEASES
         ----------------

         The Company leases office space under a sixty-three month lease
         commencing January 1, 2005 with a renewal option for a five-year
         period. The lease did not take effect until March 2005 due to delays in
         construction. Monthly payments under the current lease are $8,172.
         According to the lease, the rent will increase by 3% each year. The
         Company is required to pay property taxes, utilities, insurance and
         other costs relating to the leased facilities.

         The following is a schedule, by years, of future minimum rental
         payments required under this operating lease that have initial or
         remaining noncancelable lease terms in excess of one year as of
         September 30, 2006;



         For the periods ending                        Amount
         September 30,                               Estimated
                                                     ---------

             2006                                       98,074
             2007                                      101,016
             2008                                      104,047
             2009                                      107,168
                                                     ---------

         Total minimum payments required             $ 410,305
                                                     =========














                                       17
<PAGE>


              MEDICAL CONNECTIONS HOLDINGS, INC., AND SUBSIDIARIES
              (FORMERLY WEBB MORTGAGE DEPOT, INC. AND SUBSIDIARIES)
         NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-UNAUDITED
                           SEPTEMBER 30, 2006 AND 2005


NOTE 12 - GOING CONCERN
          -------------

         The accompanying condensed consolidated financial statements have been
         prepared in accordance with accounting principals generally accepted in
         the United States of America, which contemplates continuation of the
         Company as a going concern. The Company has sustained operating losses,
         and has little recurring revenues to sustain its operations. The
         revenue stream is not sufficient to fund expenses at this time. These
         items raise substantial doubt about the Company's ability to continue
         as a going concern.

         In view of these matters, realization of the assets of the Company is
         dependent upon the Company's ability to meet its financial requirements
         and the success of future operations. These consolidated financial
         statements do not include adjustments relating to the recoverability
         and classification of recorded asset amounts and classification of
         liabilities that might be necessary should the Company be unable to
         continue in existence.

         The Company's continued existence is dependent upon its ability to
         generate sufficient cash flows from equity financing and product
         revenues.

         The Company has issued stock and convertible debentures to continue to
         fund company operations.



ITEM 1A. RISK FACTORS
         ------------

         Except as stated herein, there have been no material changes in our
risk factors from those disclosed in our 2005 Annual Report on Form 10-KSB.

         CONTROL OF CORPORATE DECISIONS.
         -------------------------------

         In August 2006 we authorized the issuance of a total of one million
shares of our Series B preferred shares to Anthony Nicolosi and Joseph Azzata
(500,000 shares each). Holders of the Series B Preferred Shares are entitled to
ten (10) votes for each share owned. As a result of the foregoing, it is likely
that both Mr. Nicolosi and Mr. Azzata will be able to control the operations of
the Company for the foreseeable future. These shares were issued to Mr. Nicolosi
and Mr. Azzata in October, 2006






                                       18
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATION

THE FOLLOWING DISCUSSION OF THE RESULTS OF OUR OPERATIONS AND FINANCIAL
CONDITION SHOULD BE READ IN CONJUNCTION WITH OUR FINANCIAL STATEMENTS AND THE
NOTES THERETO INCLUDED ELSEWHERE IN THIS REPORT.

              CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
              ----------------------------------------------------

Certain statements in this quarterly report on Form 10-QSB contain or may
contain forward-looking statements that are subject to known and unknown risks,
uncertainties and other factors which may cause actual results, performance or
achievements to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. These
forward-looking statements were based on various factors and were derived
utilizing numerous assumptions and other factors that could cause our actual
results to differ materially from those in the forward-looking statements. These
factors include, but are not limited to, economic, political and market
conditions and fluctuations, government and industry regulation, interest rate
risk, U.S. and global competition, and other factors. Most of these factors are
difficult to predict accurately and are generally beyond our control. You should
consider the areas of risk described in connection with any forward-looking
statements that may be made herein. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date of
this report. Readers should carefully review this quarterly report in its
entirety, including but not limited to our financial statements and the notes
thereto. Except for our ongoing obligations to disclose material information
under the Federal securities laws, we undertake no obligation to release
publicly any revisions to any forward-looking statements, to report events or to
report the occurrence of unanticipated events. For any forward-looking
statements contained in any document, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995.

Background

         Our primary focus is the expanding field of medical and health care
recruitment services. We operate this business through our wholly owned
subsidiary, Medical Connections, Inc. We previously engaged in the mortgage
brokerage business and conducted these operations under the name Webb Mortgage
Depot, Inc. After reviewing the market, licensing requirements and capital
needs, management determined in February, 2006 that it would be in the Company's
best interests to concentrate exclusively on the operations of Medical
Connections Inc.

         We acquired all of the issued and outstanding shares of common stock of
Medical Connections, Inc. on December 27, 2005 and for accounting purposes, we
treated the acquisition as a reverse merger. As such, the comparative financial
statements set forth herein reflect the operations of Medical Connections Inc.
for the comparable period and not that of our prior mortgage operations.

         On June 21, 2006 we filed with the Florida Secretary of State a
certificate of amendment to our articles of incorporation. The amended articles
provide for the issuance of up to one million shares of our Series A preferred
Shares and up to one million shares of our Series B preferred shares. The Series
A preferred shares grant the holders thereof the right to convert each share of
Series A Preferred Stock into nineteen (19) shares (the "Conversion Ratio")of
the Company's Common Stock at any time following December 31, 2006. The
Conversion Ratio is subject to adjustment in the event of any recapitalization
or reorganization. Holders of the Series A preferred shares shall be entitled to
one vote per share for each Series A Preferred Share beneficially owned on all
matters brought to a vote of the holders of the Common Stock

                                       19
<PAGE>

         The Holders of the Series A Preferred Shares will be required to tender
the Series A Preferred Share Certificate to the Company for redemption prior to
issuance of any shares of Common Stock. On July 10, 2006 we issued 542,080
shares of our Series A Preferred Shares to our shareholders of record as of July
3, 2006.

         Holders of the Series B preferred shares shall be entitled to ten votes
per share for each Series B Preferred Share beneficially owned on all matters
brought to a vote of the holders of the Common Stock. In August 2006, we
authorized a total of one million (1,000,000) shares of our Series B Preferred
Shares (500,000 Series B Preferred Shares each) each to our current president,
Anthony Nicolosi and our current chief executive officer, Joseph Azzata.

About Medical Connections Inc.:

         Medical Connections Inc. is a national provider for medical and
healthcare recruitment and staffing services. The Company was formed in November
2002 to satisfy the increasing need for qualified healthcare professionals. The
Company's business is to identify, select and place executive nurses, allied
health specialists, pharmacists, physicians and hospital management executives.
The Company provides recruiting and staffing services for permanent and
temporary positions, with an option for the clients and candidates to decide the
best formula for working together. Following the changing dynamics of the
healthcare recruiting market, Medical Connections has shifted its niche to
emphasize the recruiting of allied health specialists.

COMPARISON OF OPERATING RESULTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2006 TO
THE THREE MONTHS ENDED SEPTEMBER 30, 2005.

Revenues and Expenses

         For the three months ended September 30, 2006 as compared to the three
months ended September 30, 2005, we generated revenue of $745,635 as compared to
$195,443 an increase of approximately 280%. (This figure does not include
approximately $5,900 in rental income we received from the rental of a property
located in North Carolina.) Our total operating expenses were $902,557 as
compared to $727,961, an increase of approximately 24%. The most significant
increase in our operating costs was the result of an increase in payroll from
$158,135 to $456,787 and an increase in payroll taxes from $18,778 to $71,902.
The significant increase in payroll is attributable to our growing staffing
needs and a reduction on our reliance on outside service providers which
declined from $260,130 to $14,310. Expanding operations and increasing revenues
is also attributable to our advertising and marketing efforts. We incurred
advertising expenses of $60,271 as compared to no advertising expense during the
comparable period for September 2005. As we expand into other regions, our
advertising expenditures will likely increase in order for us to establish name
recognition in these new areas.

         Our net loss for the three months ended September 30, 2006 was $612,780
as compared to a net loss of $519,402 during the three months ended September
30, 2005, an increase of approximately 18%. Losses are expected to continue
until such time as we are able to expand our operations.

         For the three months ended September 30, 2006, we had a net loss per
share of $0.25 as compared to a net loss per share for the three months ended
September 30, 2005 of $1.09. However, our net loss per share in 2005 is based on
weighted average number of shares of common stock outstanding of 476,880 as
compared to 2,480,178 as of September 30, 2006.

                                       20
<PAGE>

COMPARISON OF OPERATING RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2006 TO
THE NINE MONTHS ENDED SEPTEMBER 30, 2005.

         For the nine months ended September 30, 2006 as compared to the nine
months ended September 30, 2005, we generated revenue of $1,415,487 as compared
to $412,793, an increase of approximately 282%. Our total operating expenses
were $2,670,817 as compared to $1,671,761, an increase of approximately 60%. The
most significant increase in expenses are in connection with payroll $1,113,445
as compared to $388,490, payroll taxes of $196,232 as compared to $42,017,
compensation and consulting $421,589 as compared to $197,205, advertising
expense of $154,102 as compared to $2,865, rent $97,563 as compared to $74,673
and travel and entertainment $73,083 as compared to $16,847. We had a net loss
of $1,924,073 as compared to a net loss of $1,287,434 for the comparable period
in 2005, an increase of approximately 49%.

         Despite the growing losses, Management remains encouraged with the
growth of its business. However, it is unlikely that this growth will continue
without additional capital resources. . Notwithstanding the foregoing, there can
be no assurance that we will be able In furtherance thereof, during the fiscal
quarter covered by this report, we sold a total of $787,500 of our convertible
debentures. Each debenture pays interest at the rate of 6% per annum. Principal
plus accrued interest is due and payable on the one year anniversary date. The
Debenture is convertible at the Company's option at a conversion price equal to
the lesser of $.75 per share or 90% of the closing bid price of our common stock
calculated as of the average closing bid price of our Common Stock for the five
business days prior to any notice of conversion to secure this additional
capital or, if obtained, the capital will be sufficient to fund our operations
and growth requirements. Until such financing is secured, management will strive
expand its business operations while minimizing any incremental costs.

Liquidity and Capital Resources

         We use available finances to fund ongoing operations. Funds will be
used for general and administrative expenses, website maintenance and
development and marketing. We do not have sufficient funds available to meet our
current liabilities.

Assets and Liabilities

         As of September 30, 2006 we have current assets totaling $795,610
consisting of $387,698 in cash and $407,912 in accounts receivable (net of
doubtful accounts). We have property and equipment totaling $827,650 less
accumulated depreciation of $60,212. This figure includes a home which the
Company owns in North Carolina. The Company is not currently renting this house.
As a result, management is both trying to identify a potential rental candidate
to offset carrying costs or possibly selling the property.

         We have $1,591,588 in total assets.

         We have $1,385,595 in current liabilities. We are obligated to issue
$380,056 worth of our common stock. The liability arose out of a private
placement of the Company's convertible debentures. These convertible debentures
mature at various dates throughout the year. We are obligated to repay the
principal sum of the convertible debenture together with interest at the rate of
6.75% per annum. We anticipate that this obligation will be satisfied by the
issuance of shares of our common stock. Our convertible debt is convertible into
shares of our common stock at prices ranging from $0.75 to $1.00 per share. We
have a line of credit of $48,000 and accounts payable and accrued expenses of
$41,063.

                                       21
<PAGE>

         We have a working capital deficit of $589,985. This raises substantial
doubt of our ability to continue as a going concern. The Company has sustained
operating losses since inception and recurring revenues are not sufficient to
fund expenses at this time. We will require additional financing. We have been
meeting with several potential lending and investment sources. However, there
can be no assurance that we will be successful in securing any type of
additional financing.

CRITICAL ACCOUNTING POLICIES

         Financial Reporting Release No. 60, which was released by the
Securities and Exchange Commission (the "SEC"), encourages all companies to
include a discussion of critical accounting policies or methods used in the
preparation of financial statements. The Company's condensed consolidated
financial statements include a summary of the significant accounting policies
and methods used in the preparation of the condensed consolidated financial
statements. Management believes the following critical accounting policies
affect the significant judgments and estimates used in the preparation of the
condensed consolidated financial statements.

         Use of Estimates - Management's discussion and analysis or plan of
operation is based upon the Company's condensed consolidated financial
statements, which have been prepared in accordance with accounting principles
generally accepted in the United States of America. The preparation of these
condensed consolidated financial statements requires management to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues, and expenses, and related disclosure of contingent assets and
liabilities. On an ongoing basis, management evaluates these estimates,
including those related to allowances for doubtful accounts receivable and
long-lived assets. Management bases these estimates on historical experience and
on various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis of making judgments about the
carrying value of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions.

         We review the carrying value of property and equipment for impairment
at least annually or whenever events or changes in circumstances indicate that
the carrying amount of an asset may not be recoverable. Recoverability of
long-lived assets is measured by comparison of its carrying amount to the
undiscounted cash flows that the asset or asset group is expected to generate.
If such assets are considered to be impaired, the impairment to be recognized is
measured by the amount by which the carrying amount of the property, if any,
exceeds its fair market value.

         Effective January 1, 2006, we adopted the provisions of SFAS No.
123(R), "Share-Based Payment," under the modified prospective method. SFAS No.
123(R) eliminates accounting for share-based compensation transactions using the
intrinsic value method prescribed under APB Opinion No. 25, "Accounting for
Stock Issued to Employees," and requires instead that such transactions be
accounted for using a fair-value-based method. Under the modified prospective
method, we are required to recognize compensation cost for share-based payments
to employees based on their grant-date fair value from the beginning of the
fiscal period in which the recognition provisions are first applied. For periods
prior to adoption, the financial statements are unchanged, and the pro forma
disclosures previously required by SFAS No. 123, as amended by SFAS No. 148,
will continue to be required under SFAS No. 123(R) to the extent those amounts
differ from those in the Statement of Operations.


                                       22
<PAGE>


ITEM 3.  CONTROLS AND PROCEDURES.

         As of the end of the period covered by this Report, the Company's chief
executive officer and its principal financial officer (the "Certifying
Officers"), evaluated the effectiveness of the Company's "disclosure controls
and procedures," as defined in Rule 13a-15(e) under the Securities Exchange Act
of 1934. Based on that evaluation, the Certifying Officers concluded that, as of
the date of their evaluation, the Company's disclosure controls and procedures
were effective to provide reasonable assurance that information required to be
disclosed in the Company's periodic filings under the Securities Exchange Act of
1934 is accumulated and communicated to management, including these officers, to
allow timely decisions regarding required disclosure.

         The Certifying Officers have also indicated that there were no
significant changes in our internal controls or other factors that could
significantly affect such controls subsequent to the date of their evaluation
and there were no corrective actions with regard to significant deficiencies and
material weaknesses.

         Our management, including the Certifying Officers, do not expect that
our disclosure controls or our internal controls will prevent all errors and
fraud. A control system, no matter how well conceived and operated, can provide
only reasonable, not absolute, assurance that the objectives of the control
system are met. In addition, the design of a control system must reflect the
fact that there are resource constraints, and the benefits of controls must be
considered relative to their costs. Because of the inherent limitations in all
control systems, no evaluation of controls can provide absolute assurance that
all control issues and instances of fraud, if any, within a company have been
detected. These inherent limitations include the realities that judgments in
decision-making can be faulty, and that breakdowns can occur because of simple
error or mistake. Additionally, controls can be circumvented by the individual
acts of some persons, by collusion of two or more people or by management
override of the control. The design of any systems of controls also is based in
part upon certain assumptions about the likelihood of future events, and there
can be no assurance that any design will succeed in achieving its stated goals
under all potential future conditions. Because of these inherent limitations in
a cost-effective control system, misstatements due to error or fraud may occur
and not be detected.






                                       23
<PAGE>

                           PART II. OTHER INFORMATION


ITEM 1.  LEGAL PROCEEDINGS.

         There have been no changes or developments in any legal proceedings
which have been filed against the Company. For a complete description of all
legal proceedings which are currently pending, you are urged to read our Form
10-KSB which was filed with the Securities and Exchange Commission on March 31,
2006.


ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES,


During the quarter ended September 30, 2006 we issued the following securities:


         On July 26, 2006 we issued a total of 844,828 shares of our common
stock to a total of 39 investors pursuant to a private placement of our
securities. All of the investors were accredited investors.


         On August 3, 2006 we issued a total of 1,093,270 shares of our common
stock to a total of 13 investors. The shares were issued as a result of the
conversion of our outstanding convertible debt into shares of our common stock.
The conversion price was either $0.75 per share or $1.00 per share depending
upon the date of the subscription.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.


         On June 2, 2006 we executed a promissory note in the amount of $100,000
with a stated maturity date of 60 days. We have repaid a total of $25,000. The
note is currently in default and carries a default interest rate of 10% per
annum.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.


         There were no matters submitted during the quarter ended September 30,
2006 to a vote of the Company's securities holders.


ITEM 5. EXHIBITS AND REPORT ON FORM 8-K

Exhibit No.    Description
-----------    -----------

31.1           Section 302 Certification of the Principal Executive Officer *

31.2           Section 302 Certification of the Principal Financial Officer *

32.1           Section 906 Certification of Principal Executive Officer *

32.2           Section 906 Certification of Principal Financial and Accounting
               Officer *

------------
*    Filed herewith





                                       24
<PAGE>


                                   SIGNATURES

         In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.


                                             MEDICAL CONNECTIONS HOLDINGS, INC.


Date:  November   13,   2006

                                             By: /s/ Joseph Azzata
                                                 -------------------------------
                                                 Joseph Azzata,
                                                 CEO and Director


         In accordance with the Exchange Act, this report has been signed below
by the following persons on behalf of the registrant and in the capacities and
on the dates indicated.


By: /s/ Joseph Azzata                                 Date: November 13, 2006
    ---------------------------
    Joseph Azzata
    CEO/ Director


/s/  Anthony Nicolosi                                 Date:  November 13, 2006
------------------------------
    Anthony Nicolosi
    President/Director

/s/  Daniel L. Cammarano, III                         Date:  November 13, 2006
------------------------------
Daniel L.  Cammarano, III





                                       25