NEWPORT BEACH, CA -- (MARKET WIRE) -- 09/20/05 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that it has bought 90% of GaeaCare Syndicate Partners, Inc. from its founding shareholder. Terms will be fully disclosed in upcoming filing. No free trading shares were used in this buyout transaction.
"With the problems caused by Hurricane Katrina and the public eye on the cleanup, this is the perfect time to buy GaeaCare," stated Winsted CEO Mark Ellis. "For months now, we have been chomping at the bit over what GaeaCare may mean to our shareholders. Negotiations kicked into high gear once the images of the devastation caused by Hurricane Katrina were displayed on every single news station and newspaper. GaeaCare has built a solid foundation of relationships over the last several years that will open up many possibilities for us to participate on this front. This would include any projects on treatment of toxic waste streams and other underground cleanup projects."
"We have no illusions of grandeur here with GaeaCare. Our intent is to go after only a small part of their vast business model. We believe that with the federal government tripping over themselves to get New Orleans cleaned up as fast as possible, GaeaCare is in the right place at the right time. Since our capital resources are limited without massive dilution, we will focus on small projects within our capital structure that will bring us the most profit in the shortest turnaround time. As our revenues grow and available capital allows, we will then expand our focus to encompass all other GaeaCare products," Ellis concluded.
About GaeaCare Syndicate Partners, Inc.
GaeaCare Syndicate Partners, Inc. is a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response, and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. Sub-Surface Waste Management, Inc., a U.S. Microbics company, is a 10% equity holder. For more information on GaeaCare visit http://www.ags-gaeacare.com/.
About Winsted Holdings, Inc.
Winsted Holdings Inc. (OTC BB: WHLI) is a Business Development Company (BDC) located in Newport Beach, California. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. The Company was founded on the premise that combining both operational talent and financial talent within a single private equity investment firm can significantly enhance the magnitude and consistency of investment returns. Winsted Holdings' team consists of accomplished financial professionals with experience at prestigious financial institutions, seasoned corporate executives from various industry enterprises and successful entrepreneurs with expertise developed in aspects from business development to capital markets and from sales and marketing to technology development. The Company currently has two wholly owned subsidiaries, Spencer Communications Inc. and MedSpa Solutions Inc. Over the coming months, the Company will outline its ever changing portfolio holdings and its plans for the long-term MedSpa expansion.
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 medspa and telecommunications regulations 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.
BUGS and Winsted to Collaborate on GaeaCare Future; Companies Join Efforts to Bring Proactive Environmental Protection Technology to Nation Now
September 22, 2005 09:45:01 (ET)
CARLSBAD, Calif., Sep 22, 2005 (BUSINESS WIRE) -- Robert Brehm, CEO of U.S. Microbics, Inc. (BUGS, Trade), said today that he is discussing key strategic business strategy with Mark Ellis, CEO of Winsted Holdings, Inc. (WHLI, Trade), a Business Development Company (BDC), which recently announced the purchase of 90% of GaeaCare Syndicate Partners, Inc. BUGS subsidiary, Sub-Surface Waste Management (SSWM, Trade) is a 10% shareholder of GaeaCare and a contributing technical syndicate partner.
Brehm commented on his discussion with Ellis, "We both believe there could be a significant business opportunity for GaeaCare as a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. The SSWM engineering and project management expertise coupled with the management resources and governmental agency contacts of WHLI could enable GaeaCare to obtain grants or emergency funding to help mitigate some of the consequences of natural disasters like the hurricanes currently pounding the U.S. coast."
Brehm continued, "I will continue my dialogue with Mark Ellis to determine what course of action would be appropriate for GaeaCare given our common resources, government contacts and strategic abilities. We have spent a lot of time and money in the past creating the business plan and developing strategic partners, and I feel we have both a moral obligation, as environmental stewards, as well as a financial incentive to bring this proactive environmental solution to the nation now rather than later." For more information on GaeaCare, visit www.ags-gaeacare.com.
For further information about U.S. Microbics and its technology companies, contact Robert Brehm at 760-918-1860 x102 or email at firstname.lastname@example.org or visit the website at http://bugsatwork.com. For further information about Winsted Holdings call Investor Relations at 949-476-3711 or visit the company website at http://www.winstedholdings.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the U.S. Microbics' status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request.
Botox and tanning to bio hazard clean-up....sounds like the regular old WHLI BS to me.....
"could be a significant business opportunity for GaeaCare as a proactive environmental products and services corporation" could be if they get any contracts but right now it is just more WHLI hype....
Hey they could fly 747's over Hurricane and drop tons of pampers into them to dry them up also...time for a new business plan...they need to try and stay focused and quit BSing everyone..worthless stock...yes I am bashing because I still feel this one was a total P&D and everyone got burned by Stocks 4 life...no I never forgive.
Looks like they put the web site together over the weekend. 2 employees..WOW..
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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Yeah the web site does blow, heh that thing cost them 10k. Anyway, I believe the stock will move up upon recent and up and coming PR, hopefully some contracts. With BUGS doing so well and them refocusing on GaeaCare I believe it should move nicely. BUGS and SSWM have done very well. As for the two employees listed :
It seems as though BUGs had originally gone forward with the bussiness model but then got sidetracked with the Mexico adventure and had sidelined gea.
I believe with all the communication break downs during 911 and Hurricane Katrina it has left some opportunity in the disaster communication markets. With the 911 panel complaining that the government has still not listened to their recommendations and these ongoing issues it leaves room for this model to work. They need to address communications NOW.
WHLI has decided to get in on the action and personally I hope it pans out, hopefully not a P&D but personally alot of these pennies seem like a P&D anyway, so hopefully this will have a few nice bounce days. If they do well and actually perform, even better.
Sorry you feel burned I am not familiar with Stocks 4 life as I am still new to trading.