SOURCE: Winsted Holdings

August 01, 2005 07:00 ET

MedSpa Solutions Awarded Contract by Huntersville Entrepreneurs

Contract Signed and $58,500 Paid After Seeing Charlotte Laser Center Operations

IRVINE, CA -- (MARKET WIRE) -- August 1, 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 an entrepreneurial couple in Huntersville, North Carolina. This Contract covers Business Development, Site Design & Build out, Staffing & Training, Vendor Relationships, Licensing & Compliance Assistance and Custom Marketing Development.

Huntersville, the first Lake Norman town north of Charlotte, North Carolina, only had 3,000 residences in 1990. Proximity between Charlotte and the lake, lower home prices, less traffic and quiet communities catapulted the city's population by an amazing 728% during the last decade. Today, over 33,000 people live in Huntersville. The city boasts of world-class retail stores. Birkdale Village on Sam Furr Road includes apartments and offices above boutiques, restaurants and national retailers such as William Sonoma, Gap and Ann Taylor Loft. Now, Huntersville can also boast about having a medspa advised by MedSpa Solutions.

"This new client was the direct result of our successful management of Charlotte Laser Center for Nu Image MedSpa," stated Winsted CEO Mark Ellis. "Once they saw how efficient the million dollar (a year) Center was and what we are doing to enhance it (to two million a year), it was a done deal. They signed the consultancy contract and paid the business developmental fee of $58,500. This was booked as July business."

Ellis further stated, "Yes, they fell in love with Charlotte Laser Center and all that it may mean to them. And yes, the alluring lucrative medspa industry can be both exhilarating and catching. However, this entrepreneurial couple did not just go with their hearts. They used their brains as well. The husband spearheaded the due diligence with the first step being the consultation with his wife, who is a PA (Physician Assistant). The second step was to validate the medspa venture with his sister-in-law, who is a PA in a San Francisco medspa. Third step was to use the Internet search engines to find who is who in the medspa industry. (Nu Image and MedSpa Solutions together were listed 4 times in the first 20 links using the key word, medspa.) Once the leaders were identified, the fourth step was to contact them with questions such as: Process; Uniqueness (what does one have that the others didn't); Operational Details; Vendor Relationships (skin care products, equipment, architectural, etc.); National Marketing Vision, Commitment (at the medspa level), Medspa Market Knowledge; Marketing Penetration Strategies; and Management Team In Place (and depth). The final step was to: Double-check all findings; Visit medspas and management; Seek Testimonies and; Make Commitment.

"We want to give thanks to the 6 happy clients who were contacted and shared their medspa story with this Huntersville couple. We also want to give special thanks to Robert Fisher of EMERJ (see May 12, 2005 PR: 'EMERJ Signs Consulting Agreement With MedSpa Solutions to Open Multiple MedSpa Locations in Orange County') who shared his thoughts on the Winsted professional team, banking relationships, fast growth curve, branding and mindshare. Robert's enthusiasm and genuine interest in both people's well being and the medspa industry is greatly appreciated," concluded Ellis.

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 info@medspasolutions.com.

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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