SOURCE: Winsted Holdings

July 05, 2005 07:30 ET

EMERJ to Open New Medspa in Irvine by Early September

Irvine Location Is First of Five Medspas EMERJ Will Open in Next Two Years

IRVINE, CA -- (MARKET WIRE) -- July 5, 2005 -- MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB: WHLI), today announced that EMERJ, Inc., an Orange, California-based corporation, has signed a long-term lease in the new Barranca Medical Plaza in Irvine, California, for the first of at least five new medspas it plans to open in South Orange County through 2007. Construction Phase has begun.

Construction advisory was part of the service included in the Consultancy Agreement awarded on May 12, 2005 by EMERJ, Inc. This Agreement covered Business Development, Site Design & Build out, Staffing & Training, Vendor Relationships, Licensing & Compliance Assistance and Custom Marketing Development.

With a population of more than 170,000 people including Woodbridge and Turtle Rock, Irvine is one of the nation's largest planned urban communities and encompasses more than 55 square miles. Median household income exceeds $60,000 with a median house value of more than $356,000. The community surrounds Irvine's internationally known high-tech corridor and is home to UC Irvine, one of the country's most elite colleges.

"Scheduled to launch early September, the new Irvine medspa will feature four state-of-the-technology treatment rooms, two consultation rooms, and a privatized area for clients waiting for their treatments," stated Winsted CEO Mark Ellis. "As previously announced, we were retained through the signing of a Consultancy Agreement to open five medspas in Orange County, CA, through 2007. The Agreement also gave EMERJ an option for a minimum of two additional locations in Orange County and four in San Diego County. It is the largest contract in the Company's history and may very well be the largest in the entire medspa industry to date."

About EMERJ, Inc.

EMERJ, Inc., headquartered in Orange, CA, was formed by long-time Orange County businessmen Robert Fisher and Marc Liebesman. Mr. Fisher was founder and CEO of Fisher Business Communications, Inc., one of Orange County's Top10 PR/advertising agencies. Mr. Liebesman was Executive Vice President of Itochu/C.Itoh America for 13 years and built the company into one of Orange County's largest high-tech companies. Marita Liebesman, Mr. Liebesman's wife, is a Registered Nurse with more than 25 years of experience and will serve as the EMERJ Medspa Network's medical personnel director.

About MedSpa Solutions Inc.

MedSpa Solutions Inc. of Irvine, California, is a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB: WHLI). Medical Spas are fast becoming the facility of choice among women and men seeking rejuvenating skin care procedures. At MedSpa Solutions Inc., not only are our customers treated with the best that technology has to offer, they also get expert consultations from our skilled medical staff. Our trend-setting spa-like facilities, combined with our friendly staff, are all you need for the best skin care experience ever. Our facilities offer FDA-approved procedures like Botox, Laser Hair Removal, IPL-Skin Rejuvenation, Microdermabrasion, Chemical Peels, Collagen, and Leg Vein Treatment. We work only with the most advanced laser equipment to achieve your desired results. Our medical staff is one of our most valued assets, and they are trained in a culture of warmth, friendliness, and customer service. Everything at the spa is designed with your comfort and convenience in mind, even our business hours which are flexible to adjust to your needs. Making you look good and feel good is what we are here for!

MedSpa Solutions is committed to continually setting the highest levels of excellence and innovation for our clients. We are pioneers in the medspa industry and strive to bring the most advanced treatments and standards to each one of our spas and clients. For more information on the Consulting Services from MedSpa Solutions, please contact us at 1-888-968-4624 or email at

About Winsted Holdings Inc.

Winsted Holdings Inc. (OTC BB: WHLI) is a Business Development Company (BDC) located in Newport Beach, California. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. The Company was founded on the premise that combining both operational talent and financial talent within a single private equity investment firm can significantly enhance the magnitude and consistency of investment returns. Winsted Holdings' team consists of accomplished financial professionals with experience at prestigious financial institutions, seasoned corporate executives from various industry enterprises and successful entrepreneurs with expertise developed in aspects from business development to capital markets and from sales and marketing to technology development. Over the coming months, the Company will outline its ever changing portfolio holdings and its plans for the long-term medspa expansion.

Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of medspa and telecommunications regulations in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

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