SOURCE: AcuMedSpa Holdings, Inc.

January 11, 2010 09:00 ET

AcuMedSpa Holdings, Inc. Is Pleased to Announce a Reduction in Total Liabilities of Nearly 30%, Further Solidifying Our Efforts to Bring Increased Shareholder Value as We Work Toward Our Goals in 2010

AVENTURA, FL--(Marketwire - January 11, 2010) - AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ) is pleased to announce that we have reduced our total liabilities by nearly 30% from over $775,000.00 to approximately $540,000.00 using various debt reduction strategies. This reduction in liabilities will allow AcuMedSpa to use its cash flow in a more productive manner for acquisitions and expansions during our initial growth and expansion stage.

While AcuMedSpa's team has been working diligently on new acquisitions and growth opportunities to reach our goal of $10,000,000.00 in Revenue and $2,000,000.00 in Net Income we have not lost focus on the importance of having a healthy balance sheet to enable that growth.

Brian Sperber, President of AcuMedSpa, stated, "The reduction of these liabilities has allowed our executive staff to have a clearer focus on expansion and acquisitions moving forward. As we move forward over the next few months, we expect to continue to reduce our current liabilities while adding exciting expansion opportunities."

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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