Hey everyone! I'm back from my hiatus for those who know me. This story may be worth checking out:
AcuMedSpa Holdings, Inc. Board of Directors Announces Authorization to Retire 230,000,000 Shares as Well as a Commitment to No Further Share Issuance 5 minutes ago - Market Wire
Related Companies Symbol Last %Chg AMSZ 0.06 3.45%
As of 10:35 AM ET 11/3/09 AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ) is pleased to announce that its Board of Directors has initiated the process of retiring 230,000,000 shares of common stock, over 66% of the total outstanding shares. The retirement of the common stock will be completed over the next 30 days.
AcuMedSpa Holdings is fully committed to its shareholders to maintain and increase shareholder value. The retirement of shares, projected revenue growth and no dilution stance further strengthens this commitment. The company trusts that with the tools and assets it currently possesses, it will be able to fully achieve its previously stated goal for 2010 of over $10,000,000.00 in revenue and EBITDA of over $2,000,000.00 without any further issuance of equity. Debt will only be issued as an instrument for the acquisition of productive assets. Said debt would not be in the form of convertible debentures and only as straight debt.
Brian Sperber, President of AcuMedSpa, stated, "We are extremely excited for the future of our business and our promised exponential growth projections. These next weeks and months are going to be very exciting for all of us. We want to thank our valued shareholders for their support and the trust they have deposited in us by investing in the vision of AcuMedSpa. We are retiring the shares of common stock in order to build value for our shareholder base and as a commitment to the long-term health of our company. Once completed, we will update our shareholders as well as release the transfer agent for share structure requests."
Posted by marinamel on :
Welcome back! And nice to meet you! Good news out on AMSZ!! Just started watching this one, like what I see so far!
Brian Sperber, President of AcuMedSpa, stated, "We are extremely excited for the future of our business and our promised exponential growth projections. These next weeks and months are going to be very exciting for all of us. We want to thank our valued shareholders for their support and the trust they have deposited in us by investing in the vision of AcuMedSpa. We are retiring the shares of common stock in order to build value for our shareholder base and as a commitment to the long-term health of our company. Once completed, we will update our shareholders as well as release the transfer agent for share structure requests."
Posted by Hot-Pepper on :
Welcome back Smash. We are glad to have you back.
You know in the news release I noted the statement : "AcuMedSpa Holdings is fully committed to its shareholders to maintain and increase shareholder value. The retirement of shares, projected revenue growth and no dilution stance further strengthens this commitment". hopefully it will strenghten things for current and futre investors.
Posted by marinamel on :
AMSZ news out this morning! AcuMedSpa Holdings, Inc. Announces Agreement With Zerona and Santa Barbara Medical Innovations
AcuMedSpa will be installing 4 Zerona units throughout its clinics in South Florida by the end of the year and has agreed with SBMI to lease a total of 20 by the end of 2010. AcuMedSpa projects that each machine will generate nearly $200,000.00 in revenue per year and provide a gross operating profit of nearly 60% per service.
Posted by marinamel on :
Zerona protocol which is a proven, non-invasive cold laser solution for unwanted body fat as well as for body slimming and contouring. Zerona has been featured in dozens of magazines and on TV shows such as "Rachael Ray," "Extra" and "The Doctors." Amazingly, Zerona has over 700,000 online searches a day worldwide.
Posted by marinamel on :
By retiring shares, AcuMedSpa is showing existing shareholders confidence that the company can reach their previously stated goals of $10,000,000.00 in revenue with and EBITDA of +$2,000,000.00 without the common practice of issuing more shares.
Posted by marinamel on :
(PINKSHEETS: AMSZ) Boosting Shareholder Equity With Share Retirement
NOTE TO EDITORS: The Following Is an Investment Opinion Issued by the IO News Wire NEW YORK, NY, Nov 04, 2009 (MARKETWIRE via COMTEX) -- AcuMedSpa Holdings, Inc., (PINKSHEETS: AMSZ) announced yesterday that it has approved the retirement of 230,000,000 shares of common stock inside of the next 30 days. By retiring shares, AcuMedSpa is showing existing shareholders confidence that the company can reach their previously stated goals of $10,000,000.00 in revenue with and EBITDA of +$2,000,000.00 without the common practice of issuing more shares.
Today was also the announcement of an agreement with Zerona and Santa Barbara Medical Innovations that allows AcuMedSpa to become the preferred provider of the Zerona Protocol which is a zero pain, non invasive, zero downtime fat removal process. Zerona has been promoted or featured by Leeza Gibbons, Rachael Ray, and the TV show Extra.
Other active stocks are: Medtronic Inc (NYSE: MDT) CONMED Corp (NASDAQ: CNMD) China Biopharma (PINKSHEETS: CHBO)
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Contact: Eric Jensen www.ionewswire.com 516.942.4910
Posted by marinamel on :
AcuMedSpa Holdings is fully committed to its shareholders to maintain and increase shareholder value. The retirement of shares, projected revenue growth and no dilution stance further strengthens this commitment. The company trusts that with the tools and assets it currently possesses, it will be able to fully achieve its previously stated goal for 2010 of over $10,000,000.00 in revenue and EBITDA of over $2,000,000.00 without any further issuance of equity. Debt will only be issued as an instrument for the acquisition of productive assets. Said debt would not be in the form of convertible debentures and only as straight debt.
Posted by marinamel on :
Last Price (USD) $ 0.041 Change ▼ -0.0168 (-29.07%) Bid 0.04 Ask 0.055 Volume 525,591 Day's Range 0.041 - 0.058 Last Trade 10:00:03 AM EST
Posted by Love the Market on :
Why did this drop? Sounded like a COMMITMENT to Shareholders from the Co......
Posted by marinamel on :
morning Love the Market....not sure why this dropped. Profit taking, manipulation to get cheapies, etc seem to be the various speculations as to what has happened with AMSZ. I am going to see how today goes. GLTY.
Posted by marinamel on :
AMSZ did much better today I look forward to a green EOW with this one. up 12% for the day!! Nice wake up!!
Last Price (USD) $ 0.046 Change ▲ 0.005 (12.20%) Bid 0.001 Ask 0.07 Volume 172,995 Day's Range 0.041 - 0.048 Last Trade 7:48:52 AM EST
Posted by Love the Market on :
Last Price (USD) $ 0.038 Change ▼ -0.008 (-17.39%) Bid 0.03 Ask 0.038 Volume 80,495 Day's Range 0.03 - 0.044
A few last minute buys bumped this back up to close at .038 just shy of .04!! Going to hold for now and see what happens on Monday....
Posted by tmanfromtexas on :
Welcome back Smash. You, Will, Skip, bluberry and others do a good job of researching and sharing your ideas. Thanks. TMAN...