SOURCE: AcuMedSpa Holdings, Inc.

April 21, 2010 09:10 ET

AcuMedSpa Holdings, Inc. Announces Intention to Immediately Retire 30 Million Outstanding and 25 Million Authorized Shares

TAMARAC, FL--(Marketwire - April 21, 2010) - AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ), a provider of Medical Aesthetic, Spa and Acupuncture services, announces that the Board of Directors of AcuMedSpa, Inc. have decided that it would be in the best interest of the company and its shareholders to further reduce the Outstanding by 30 million shares and the Authorized by 25 million shares. Both of these share reductions have already been initiated and management expects these reductions to become effective in a timely manner.

AcuMedSpa's priority is to continue increasing transparency to its investors and as such Brian Sperber, President of AcuMedSpa, stated, "It is our intention to always work for the best interest of the overall company and instill a strong sense of shareholder value moving forward as we embark on our next era of growth. At no time has this management team ever thought of the interests of a single person over the entirety of the company or its well being. We hope that with our continued efforts we can begin to clarify that our stance on non dilution is real and that we will not allow anything to distract or deter us from forging ahead with our shareholders' best interests always at the forefront of our now maturing core business model."

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This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and AcumedSpa Holdings. Inc takes no obligation to update such statements.

Contact Information

  • Contacts:
    Brian Sperber