SOURCE: PDC Innovative Industries, Inc.

August 07, 2006 08:00 ET

PDC Innovative Industries Changes Name to Medspas of America, Inc.

ATLANTA, GA -- (MARKET WIRE) -- August 7, 2006 -- P.D.C. Innovative Industries, Inc. (PINKSHEETS: PDCD) today announced it changed its corporate name to Medspas of America, Inc. The new stock trading symbol is MDSP and trading information can be located at www.pinksheets.com.

Paul R. Smith, CEO, says: "We believe our name change accurately reflects our goal to be a focused player in the medical spa segment. With our new corporate identity, and recently established advisory board, we are now in a position to roll-out our Medspa concept in targeted locations throughout the United States."

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.

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