SOURCE: AcuMedSpa Holidays Inc.

December 21, 2009 07:00 ET

AcuMedSpa Holdings, Inc. Announces That It Is in Negotiations to Acquire a Highly Successful National Aesthetic Medical Practice With Locations Throughout Many Regions of the United States and Other Single Owner Spas in South Florida; With These Acquisitions, AcuMedSpa Will Be on Track to Meet Its 2010 Goal of $10,000,000.00 in Revenue

AVENTURA, FL--(Marketwire - December 21, 2009) - AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ) has been evaluating many acquisition prospects and currently is focused on multiple acquisition targets.

The main target is a company which has been in business for over 6 years and has continuously provided its shareholders with positive net income while serving many repeat customers. This company currently has 16 locations in 9 metropolitan areas across the United States. This company currently generates nearly $2,500,000.00 in revenue each year. We project that this acquisition as well as the complement of services we will be able to add to both their existing locations and AcuMedSpa's locations will more than double our current revenue while allowing us to provide an increase in operating profit margins due to economies of scale.

The secondary targets are full service Spa's located throughout South Florida. These acquisition targets combined are projected to generate over $1.5 million in 2009.

Besides AcuMedSpa's desire to acquire these business' current operations, we believe that the synergies that exist will increase the overall health of our company while immediately contributing to both top line revenue and net income.

AcuMedSpa is optimistic that it will enter into Letters of Intent to purchase these targets within the first quarter of 2010.

"This is by far some of the most exciting news I can provide our shareholders. By acquiring assets such as the ones we are currently evaluating, we believe we will be able to meet and perhaps even exceed our previously stated projections for 2010 of $10,000,000.00 in revenue. If successfully acquired, these acquisitions will allow us to establish a footprint in many of the most prosperous cities in our Country allowing for the expansion of our business model at a rapid pace," stated Brian Sperber, President of AcuMedSpa Holdings, Inc.

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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