InDigiNet Issues LOI to Nu Image MedSpa for Reverse Merger Consideration
PR Newswire - November 29, 2004 09:35NEWPORT BEACH, Calif., Nov 29, 2004 /PRNewswire-FirstCall via COMTEX/ -- InDigiNet, Inc., (OTC Bulletin Board: IDGN), a provider of managed communication solutions for Small to Mid-Size Enterprises (SMEs) in the United States, is pleased to announce that it has issued a Letter of Intent to Nu Image MedSpa of Las Vegas, Nevada, to propose a reverse merger.
"We have issued a reverse merger LOI to Nu Image for their consideration at the behest of shareholders," stated InDigiNet CEO Mark Ellis. "As a good customer, Nu Image knows what we have done and what we can accomplish if given enough time and capital. Our proposal is that they will be the parent company post reverse and InDigiNet will become a wholly owned subsidiary of Nu Image MedSpa. We also proposed that should InDigiNet prosper under their leadership, it would be spun off in the future back to the public in an IPO."
Ellis further stated, "In recent years, the MedSpa industry (a merger of medical practice and spa therapeutics using newer, non-invasive techniques that give more natural results than plastic surgery) has experienced an explosion of growth. The beauty business is bigger than ever. Demand has grown and continues to grow at an incredible rate. Ultra-serious professionals of the television reality shows of today, like Extreme Makeover and Blow Out, highlight the public's ever increasing quest for beauty."
"Yes, Nu Image MedSpa knows us and our potential bright future. That is why they're such a good customer and willing to buy so many different worthwhile products from us. We also know them and their brilliant minded management as they blazed through their own set of challenges. While this proposal from us may not mount to anything more than a sincere gesture on our part to take actions recommended by shareholders, we also realize the potential profits that the MedSpa industry can bring forth without guarantees," concluded Ellis.
"We're a scorching company in a hot industry and have many choices available to us if we choose to use the reverse merger route of going public. InDigiNet has taken the prerequisite steps in order to proceed further down the road with our merger discussion. Before we cross the critical juncture together, we required an LOI issued; BDC election and; no more new S8 filings. Since our shareholders will be restricted under Rule 144, we want to make sure that during our time of restriction that the stock has a chance to appreciate. InDigiNet has fulfilled our prerequisites and we're looking forward to sharing our potential good fortunes with their shareholders in the form of a merger once the due diligence process has been completed," stated Nu Image MedSpa Chief Medical Officer Dr. Daniel McGrath.
About Nu Image MedSpa Inc.
At Nu Image MedSpa, not only are our customers treated with the best that technology has to offer, they also get expert consultations from our skilled medical staff. Our trend-setting spa-like facilities, combined with our friendly staff, are all you need for the best skin care experience ever. Our facilities offer FDA-approved procedures like Botox, Restylane, Laser Hair Removal, IPL-Skin Rejuvenation, Microdermabrasion, Chemical Peels, Collagen and Leg Vein Treatment. We work only with the most advanced laser equipment to achieve your desired results. Our medical staff is one of our most valued assets and they are trained in a culture of warmth, friendliness and customer service. Everything at the MedSpa is designed with your comfort and convenience in mind, even our business hours which are flexible to adjust to your needs. Making you look good and feel good is what we are here for!
The Nu Image MedSpa franchise business development program allows the investor to easily participate in one of the fastest growing and most lucrative sectors of the healthcare industry. Nu Image MedSpa is committed to continually setting the highest levels of excellence and innovation for our clients. Medical Spas are fast becoming the facility of choice among women and men seeking rejuvenating skin care procedures. For more information about Nu Image MedSpa visit http://www.nuimagemedspas.com.
About InDigiNet, Inc.
InDigiNet, Inc. is an integrated solutions company that provides small to mid-size enterprises (SMEs) with an integrated communication solution. The Company will offer data, local, long distance and wireless services to SMEs over third party networks enabling the company to offer a comprehensive suite of services without the capital burden of building a communication network. Under the C2C Exchange (C2C) brand name, the Company is known as a website design, hosting and complete e-commerce provider delivering one of the easiest and most powerful website building solutions on the Internet. The Company and its development team have automated the ability for a user to quickly and easily create powerful, feature rich, professionally designed websites. C2C has incorporated state-of-the-art features with styles, layout and graphics in addition to powerful functional management tools that every successful business needs for e-commerce. In a fraction of the time it once took, a user can now create a fully functional e-commerce website using any Internet access method. Compared to the traditional costs of web development, this service is simple and affordable. For more information, go to http://www.c2cexchange.com. And for the Company's complete web design services, go to http://www.thesitedoctors.com.
For more information about InDigiNet visit http://www.indiginet.com.
Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly- acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.
For additional information call Investor Relations 949-476-3711 or visit company website http://www.indiginet.com.
SOURCE InDigiNet, Inc.
Investor Relations of InDigiNet, Inc., +1-949-476-3711
http://www.c2cexchange.com
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