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IRVINE, CA, Apr 28, 2005 (MARKET WIRE via COMTEX) -- MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (WNHL), today announced that it has received an initial payment of $30,000 towards the comprehensive consultancy contract awarded on March 28, 2005, by a physician in Bakersfield, California. This Contract covers Business Development, Site Design & Build out, Staffing & Training, Vendor Relationships, Licensing & Compliance Assistance and Custom Marketing Development.
"We began doing the market research immediately after the contract was signed and started to lay the foundation for a future medspa in Bakersfield for our new client," stated Winsted CEO Mark Ellis. "Our staff went full throttle once we received the initial payment last Sunday. On that very day, we started out with a tour of 17 possible sites in Bakersfield that met our medspa model requirements. This was followed up with calls to all 17 real estate agents. By Wednesday, after reviewing proposals from agents, we have narrowed down the prospective properties to 5. Our goal is to have the real estate negotiations concluded within a week and ground breaking to commence shortly thereafter.
"Our MedSpa Solution subsidiary is all about expertise and efficiency. Clients need to know that when they come to us, they will be in business for themselves but not by themselves. There is really no place folks can go today for our kind of highly specialized medspa consultancy services. Once they see how fast, efficient and effective we are, it is a done deal. Because the medspa industry is so hot right now, many entrepreneurs are looking to participate. If you don't know what you're doing, then you should partner with a firm that does. Otherwise, you will operating in the dark and competitors will run you over," concluded Ellis.
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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LAS VEGAS, NV, Apr 25, 2005 (MARKET WIRE via COMTEX) -- Nu Image MedSpa Inc., soon to be a wholly owned subsidiary of Winsted Holdings, Inc. (WNHL), today announced that with the successful conclusion of its April Franchise Discovery Days, it has accepted the recommendations of Franchise Network members (and potential members) to upgrade the Company's website. The upgrades included a minor facelift of the entire site and two major tabs were added to the homepage.
New tabs and additional changes will be forthcoming over the next few weeks as Franchise Network recommendations are adopted. The first rendition of the "Spa Finder" tab includes some of the Company's medspa locations. The "Owners Corner" tab is a protected area accessible only via login password. This is a major proprietary section that includes online operational manual, frequently asked questions and answers, and marketing material that can be downloaded for usage (including sample ads and brochures which can be customized through cut & paste).
"Our April Discovery Days have been tremendously successful," noted Vice President of Operations, Dave Benjamin. "Many of the attendees were impressed by our medspa expertise and operational efficiency. Their main areas of interest were our methodical site location service, effective architectural design and layouts, medical staff recruitment assistance, proficient operational systems, on-going planning and support, marketing strategies, vendor relationships and the ability to place them with institutions for financing."
"Everyone learned something at these April Discovery Days, including us. The attendees were all successful people from all walks of life. Some of them were medspa owners, day spa owners, doctors and entrepreneurs looking for an opportunity to participate in the rewarding medspa industry. The acceptance level of our valued proposition was very high and the improvement recommendations were rewarding evidence by our willingness to upgrade our website. We're looking forward to continual improvements as a way to better serve our owners and as a means to attract new perspective members," concluded Benjamin.
The Nu Image franchise business development program allows the investor to easily participate in one of the fastest growing and most lucrative sectors of the healthcare industry. With a world-class team of healthcare, spa and business professionals to provide clients with assistance in developing and operating their own MedSpa, Nu Image is on the cutting edge of MedSpa franchising.
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but looking at the charts they have pretty much flat lined theres little to no movement at all the last 2 months
unless they start getting more news and interest id say the only way your gonna make money off this is if you can buy at .0002 and sell at .0003 that seems to be the regular trade pattern
but thats just my opinion what the heck do i know
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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another reverse split coming damn you Mark Ellis aka Mr Reverse Split. Am I reading it wrong, or does the last annual report show them losing over 60 million dollars. And most of that going to the CEO and his spouse?
------------------------------------------------------------------------ During the twelve months ended December 31, 2004, we had stock compensation expense of $57,685,233, an increase of $55,773,553 or 2,917% compared to stock compensation expense of $1,911,680 during the twelve months ended December 31, 2003. The increase is due to the issuance of convertible preferred stock valued at $56,092,000 issued to the Company's President and CEO. This high valuation was the result of a preferred stock distribution soon after a 1-1000 reverse stock split ........... you should be in jail after this.........
During 2004, $718,335, or approximately 66% of the funds provided by the Company's financing activities were paid to the Company's sole Executive Officer and Director and his spouse.
During 2003, $350,000, or approximately 27% of the funds provided by the Company's financing activities were paid to the Company's sole Executive Officer and Director
The Company has experienced losses from operations as a result of its investment necessary to achieve its operating plan, which is long-range in nature. For the years ended December 31, 2004 and 2003, the Company incurred net losses from continuing operations of $62,617,578 and $3,317,015, respectively. At December 31, 2004, the Company had a working capital of $314,372 and a stockholders' deficit of $77,722. The Company's ability to continue as a going concern is contingent upon its ability to secure financing and attain profitable operations.
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damn you Mark Ellis aka Mr Reverse Split.
