SOURCE: MedSpas of America, Inc.

October 08, 2007 09:01 ET

MedSpas of America Signs Letter of Intent to Acquire South Seas Spa™

ATLANTA, GA--(Marketwire - October 8, 2007) - MedSpas of America, Inc. (PINKSHEETS: MEDP) announced it has signed a letter of intent to purchase South Seas Spa™. South Seas Spa™ manufactures and distributes the finest in luxury natural skin care products bringing the unrivaled beauty of the South Seas to the North American skin care markets.

South Seas Spa™ skin care (www.southseasspa.com) was created by U.S. Pharmacist Renée Mills in 2006. During her travels to the South Pacific, Renée recognized that the people of the South Pacific islands are some of the most naturally beautiful people in the world. Renée found that the vast majority of Polynesians living in the South Pacific use only naturally occurring products obtained from fruit, nuts, and flowers to preserve, protect, and beautify their skin. Renée's vision was to develop a natural skin care line that truly embodies the beauty secrets practiced by Polynesians in the South Pacific for thousands of years. Today, South Seas Spa™ is delighted to offer the finest in luxury skin care products that nourish, moisturize, and rejuvenate the skin while transporting the mind to the essence of the South Pacific islands.

Paul Smith, CEO, states, "Consistent with MedSpas' goal of distributing its proprietary and licensed products directly in key national markets, this acquisition positions our Natural Renu division to expand its offerings and control its distribution in the online market as well as the retail based national day, resort and medical spas. Longer term, the Company expects that the acquisition will allow the company to enter new sales channels in the European, Asian and Latin American markets, including infomercials, web/catalog and premium wholesale, and provide an opportunity to more efficiently expand its presence in the broader world market."

The parties intend to complete the transaction on or around November 1, 2007, subject to due diligence and approval by MedSpas Board of Directors, which would allow for product sales and shipments to begin during MedSpas fourth fiscal quarter.

About Natural Renu

Natural Renu focuses its sales efforts primarily through two marketing channels. The first and primary sales channel is the Internet. By utilizing its existing skill set and marketing prowess in this area, the company shall initiate an intensive online awareness campaign and drive potential users of this type of product to its web site. The second target audience shall be to exclusive Day spas, Resorts and Medspas around the world.

SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.

Contact Information

  • Investor Contact Information:

    Rich Kaiser
    Investor Relations
    YES INTERNATIONAL
    800-631-8127