The stocks bid is at .00 and ask at .25 and price is at .25 and its down $29.75 on 2,000 volume. What the heck?
News Skin Enhancement Clinics & Technology Inc. Releases First Executive Report Business Wire - April 19, 2005 2:25 PM (EDT)
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LAS VEGAS, Apr 19, 2005 (BUSINESS WIRE) -- Skin Enhancement Clinics & Technology Inc. (Pink Sheets: SCTG) ("SECT") (www.aestheticimages.md) is a publicly traded company with the trading symbol of "SCTG." Tim Connelly, chairman of the board of directors, is pleased to announce the following developments during the first quarter of 2005:
-- SECT is on schedule for opening its first full-service Medi-Spa. That Medi-Spa will be located at 2275 S. Main St., Corona, CA 92882. A lease for 4,665 square feet in a new commercial office building located in the heart of Corona was executed on Jan. 31, 2005. The term of the lease is for five years with an option to renew for an additional five years.
-- The Fox Group, LLC, professional consultants to the health care industry, located in Upland, Calif., was retained by SECT in November 2004 to conduct a demographic study of the Southern California area to determine the most suitable location for SECT's first Medi-Spa. The Corona/Norco area was eventually selected based upon several positive indicators such as lack of competition, average income of the families living in that area, explosive growth of upscale families in the area, etc.
-- Once the location was secured, SECT retained Beautiful Forever Consulting Firm Inc. in New Jersey, a nationally renowned consulting firm specializing in medical spas, to assist management with the design of the facility and the refinement of the products and services to be offered to patrons.
-- The Wirt Design Group Inc., a nationally prominent interior design group located in Los Angeles (www.wirtdesign.com), was also retained to assist SECT's management with the interior design and with 3-D modeled renderings and virtual tours of the space.
-- Michael Barrett, AIA, an architect, is working in harmony with these consultants and with SECT's general contractor to complete the working drawings for the first facility.
-- During the interim, Dr. Brett Lehocky, a board-certified plastic surgeon and SECT's medical director, is interviewing vendors for equipment and supplies. He is also working closely with the medical staff to establish protocols and procedures for the Medi-Spa to ensure full compliance with all state and/or national regulatory guidelines regarding Medi-Spas and to maximize the quality of service and care to patrons.
-- SECT completed its 2004 Disclosure Statement and its audited financial statements for 2003-04, which can be viewed on the Pink Sheets Web site (www.pinksheets.com) at the company's ("SCTG") information page by clicking on the tab "Financial Reports."
For further information regarding SECT, contact Jamie Gorbenko, VP of marketing, at SECT's executive offices located at 630 Newport Center Drive, Suite 1100, Newport Beach, CA 92660; Telephone: 714-926-0015; Fax: 949-721-6650; e-mail: jgorbenko@aestheticimages.md.
Safe Harbor Statement Under the 1995 Private Securities Litigation Reform Act: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: Skin Enhancement Clinics & Technology Inc.