SOURCE: Nu Image MedSpa

July 18, 2005 07:30 ET

MedSpa Solutions Awarded Contract by Entrepreneurial Omaha Registered Nurse

Number of MedSpas Under Winsted Guidance Now Stands at 20 in 5 Different States

IRVINE, CA -- (MARKET WIRE) -- July 18, 2005 -- MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB: WHLI), today announced that it was awarded a comprehensive consultancy contract by a registered nurse (RN) in Omaha, Nebraska. This Contract covers Business Development, Site Design & Build out, Staffing & Training, Vendor Relationships, Licensing & Compliance Assistance and Custom Marketing Development.

Celebrating its 151st birthday, the territory that would eventually become the city of Omaha, Nebraska, was acquired as part of the Louisiana Purchase that was completed by Thomas Jefferson in 1803. Located in the "heartland" of America has been an important factor in the building of its economic strengths. Situated on the western banks of the Missouri River, the city has been an important agricultural and transportation center since its establishment in the late 1850's. From these roots, Omaha has steadily grown and is now the 42nd largest city and the 60th largest metro area in the nation. Most recently, Expansion Management Magazine listed Omaha among America's 50 hottest cities for business expansion and Forbes ranked it as the 11th best city for business and careers based on economic and quality of life factors. Our own demographic research couldn't have agreed more with those esteemed publications, and that is why we believe a new effective and efficient medspa will do very well in Omaha.

"Our new RN client has an extensive medical background and is very well connected in the Omaha area," stated Winsted Holdings CEO, Mark Ellis. "An increasing number of medical practitioners are looking at the medspa industry to either create a new revenue stream to augment their medical practice or to create a whole new thriving business where their medical background may give them greater chance of success. Once they have decided that medspa is for them and knowing the value of medspa expert consultants, we are one of the few in the industry that can talk-the-talk and walk-the-walk.

"Our medspa expertise has served as a master key that unlocked new market opportunities for ourselves and our clients. Based on our understanding of the medspa industry, no other medspa consulting firm can boost active guidance and or management of 20 individual medspas located in 5 different states. As our client list, number of locations and medspa knowledge continues to grow exponentially; you can image the growth of our negotiation and group buying powers. Most of the medspas are owned by individuals or companies that in turn may own one or two medspas. We have direct influence on 20," concluded Ellis.

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. The Company currently has two wholly owned subsidiaries, Spencer Communications Inc. and MedSpa Solutions Inc. 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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