SOURCE: AcuMedSpa Holdings, Inc.

January 27, 2010 07:00 ET

AcuMedSpa Holdings, Inc. Announces the Completion of Reduction of the Authorized Shares by 200,000,000 From 375,000,000 to 175,000,000, a Decrease of Over 55%

AVENTURA, FL--(Marketwire - January 27, 2010) - AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ), in accordance with its vision to increase shareholder value and confidence, announces that it has completed its Authorized Share reduction from 375,000,000 to 175,000,000. The Outstanding Shares remain unchanged at 127,124,965. AcuMedSpa Holdings would like to reiterate its position that it intends to maintain and increase shareholder value.

AcuMedSpa is also planning on announcing a conference call within the next week. We intend on providing information for the conference call in an upcoming Press Release.

Brian Sperber, President of AcuMedSpa, stated, "This reduction reemphasizes the company's efforts to create shareholder confidence and trust. We do not project any major changes in the company's current share structure for the foreseeable future. We continue to take steps towards our goals for 2010 of $10,000,000.00 in Revenue and an EBITDA of $2,000,000.00. We are looking forward to many positive announcements in the near future."

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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