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[QUOTE]Originally posted by J_U_ICE: [QB] MDSP .025 MedSpas of America Completes Acquisition in Birmingham Market Wire - November 7, 2006 8:31 AM (EDT) Acquisition Expected to Increase Annual Revenues by $500,000 ATLANTA, GA, Nov 07, 2006 (MARKET WIRE via COMTEX) -- MedSpas of America, Inc. (PINKSHEETS: MDSP), [URL=http://www.medspasofamerica.com,]www.medspasofamerica.com,[/URL] today announced that it has completed the acquisition of the Birmingham medspa owned by Labus, Inc. d/b/a Solana MedSpa of Birmingham. Although affiliated with Solana's independently owned network, Solana MedSpa of Birmingham will be converted to the company's Virtuoso MedSpa brand. Paul R. Smith, CEO of MDSP, stated, "Over the next eight weeks, we will be introducing the company's Virtuoso brand and service offering into our new Birmingham location. Once the Virtuoso brand conversion is completed, we will launch an aggressive program to increase market share and to drive the operations beyond the financial breakeven point that has recently been achieved." "This acquisition marks the beginning of our five-year expansion plan outlined in our Joint Venture with MedSpas of America," said John Buckingham, Chairman, CEO and Co-Founder of Solana MedSpas of Irvine, CA. "We are placing the force of our entire management team behind the Birmingham market expansion of Virtuoso." The acquisition was completed through Virtuoso MedSpa, Inc., a wholly owned subsidiary of the company, as an asset purchase from Labus, Inc. The consideration for the purchase takes the form of a 20-month, interest-free note. Birmingham is the largest city in Alabama and ranks among the largest metropolitan areas in the Southeast. The medspa is located in the heart of the Greystone community, one of Birmingham's most affluent suburbs. The facility offers laser treatments, injectibles and a variety of aesthetic services in keeping with the Virtuoso Medical Spa service offering. About Virtuoso Medical Spas Virtuoso has assembled a team of medical professionals with years of experience in plastic surgery, age management and the operation of successful medical practices. Virtuoso's medical spa model involves offering the highest quality non-invasive anti-aging medical procedures and treatments in a relaxing and soothing environment, all performed by highly skilled physicians and aestheticians. This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs and as further set forth in our public filings filed with the Commission and our press releases. Investor Contact Information: 500 Australian Avenue S., Suite 700 West Palm Beach, FL 33401 Telephone: 561-514-0194 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=AE384E5F626E0FD8 SOURCE: MedSpas of America, Inc. Copyright 2006 Market Wire, All rights reserved. [/QB][/QUOTE]
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