SOURCE: AcuMedSpa Holidays Inc.

December 14, 2009 10:00 ET

AcuMedSpa Holdings, Inc. Announces the Completion of Reduction of the Outstanding Shares by 220,500,000 to 127,124,965 and Will Be Reducing the Authorized Shares by 200,000,000 to 175,000,000

AVENTURA, FL--(Marketwire - December 14, 2009) - AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ) has retired the 220,500,000 shares back to the Transfer Agent, Guardian Registrar and Transfer leaving the outstanding shares at 127,124,965. In addition we have started the process of reducing the authorized shares by 200,000,000 shares to 175,000,000. AcuMedSpa Holdings would like to reiterate its position that it intends to maintain and increase shareholder value.

These reductions in both the outstanding and authorized shares support management's policy to support our shareholders in maintaining and increasing our shareholders value and to increase transparency.

Brian Sperber, President of AcuMedSpa, stated, "This demonstrates the efforts the company is putting forward to create shareholder and stakeholder confidence and the value we strive for. The share retirement was a critical part of our interest in creating shareholder confidence. To demonstrate and re-emphasize our commitment, the Board has decided to reduce the Authorized Shares in similar fashion. Moving forward we are excited about the introduction of new services, the marketing campaign which is scheduled to launch in January, the opening of new locations and some exciting acquisitions we are evaluating."

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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