SOURCE: Nu Image MedSpa

May 16, 2005 07:05 ET

MedSpa Solutions Introduces Skin Glow MedSpa of Bakersfield

IRVINE, CA -- (MARKET WIRE) -- May 16, 2005 -- MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB: WNHL), today announced that it located an optimal site and has successfully concluded the lease negotiation for Skin Glow MedSpa in Bakersfield, California. Lease has been signed and Phase II now begins.

Site location was part of the service included in the Consultancy Agreement awarded on March 28, 2005 by Dr. Rakesh Shishodia. As previously announced on April 28, 2005, the Company received an initial payment of $30,000 towards the comprehensive Consultancy Agreement awarded. This Agreement covers Business Development, Site Design & Build out, Staffing & Training, Vendor Relationships, Licensing & Compliance Assistance and Custom Marketing Development.

"I was thinking about starting a business related to the medical field," stated Rakesh Shishodia, MD. "Michael Conigliario (Director of Sales - MedSpa Solutions) introduced me to the MedSpa business. On further research, I knew this is what I wanted to do. When I met the MedSpa Solutions team, I got very excited about this Business. I had not decided on whether to do it myself or join a franchise company. Then I saw Bare Skin MedSpa of Nu Image Medspa in Newport Beach, California. When I walked through the medspa, I knew this was the exact ambience I wanted to recreate in my medspa. The color scheme, the lobby, the fragrance, the treatment rooms... they were a perfect blend of an upscale spa atmosphere with the technology and efficiency of a medical setting. Mark Ellis is a self-taught entrepreneur with foresight and knowledge about this booming new aesthetic industry. His ideas, vision and perseverance enticed me into a collaboration with MedSpa Solutions on my first medspa business venture."

"There are so many medspas out there that look like medical clinics. The whole concept of a medspa is to provide a place where patients (customers) can relax while enduring a procedure, which may enhance or maintain their youthful appearance. For most people, looking at white walls in the doctor's sanitized reception waiting area is not conducive to putting a patient at ease. Once a physician decides to round out their medical practice with a spa feel, it's time to call in the medspa experts. The doctor brings the medical side of the coin and we bring the spa side. Together, we load the odds in the new medspa's favor for success," concluded Mark Ellis, Winsted CEO.

About MedSpa Solutions Inc.

MedSpa Solutions Inc. of Irvine, California, is a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB: WNHL). 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: WNHL) 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.

For additional information call Investor Relations 949-476-3711 or visit company website

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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