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."
For further info please visit our website www.acumedspa.com
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