SOURCE: Winsted Holdings

July 26, 2005 07:10 ET

MedSpa Solutions' Michael Conigliaro & Anne Hoonanhian Open Nu Image MedSpa Franchise in Glendale, California

NEWPORT BEACH, CA -- (MARKET WIRE) -- July 26, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that Michael Conigliaro, MedSpa Solutions' MedSpa Sales Director, and Anne Hoonanhian, MedSpa Solutions' Sales Coordinator, will partner to open a Nu Image MedSpa in Glendale, California. Winsted Holdings blesses this endeavor and both company personnel will retain their company positions while being new franchise owners.

Glendale, California, at the foot of the breathtaking Verdugo Mountains, is the third-largest city in Los Angeles County and spans over 30 square miles. An ethnically diverse city of nearly 200,000 people, Glendale is known for its rich history, natural beauty and commercial accomplishment. An exciting cosmopolitan atmosphere permeates Glendale. Its unique downtown area is surrounded by dramatic office towers, the 4-diamond Hilton and the nationally recognized Glendale Galleria shopping center. It is home to many high-level corporate business headquarters. And now, it is home to a Nu Image MedSpa.

"Selling and teaching by example is a great for all concern," stated Winsted CEO Mark Ellis. "When Mike and Anne go out to tell the rewarding MedSpa story, they now can say, 'Do as I say and do as I do.' This is a very powerful sales and teaching method. There are many companies and teachers out there in the real world who have never practiced anything they teach. For example, we all know sales directors who are teaching trainees how to sell but never sold anything themselves."

"I am excited about the opportunity the MedSpa Industry offers," stated MedSpa Solutions' Sales Director Michael Conigliaro. "The medical spa movement represents the fastest growing and most lucrative healthcare trend in the United States today. My partner, Anne Hoonanhian, and I are thrilled to be introducing a MedSpa facility to the Glendale area. Our clients can expect extraordinary treatments and superior service in an elegant spa-like environment. We believe our team's incredible expertise will establish us as the premiere MedSpa in our market and enhance the company's position in the marketplace."

"Our goal as paid consultants to Nu Image MedSpa is to help them grow their Franchise Network. MedSpa Solutions' goal is to attract more medspa-consulting clients. This Glendale endeavor will enhance our ability to satisfy both goals. Many of our employees, medspa consulting clients and Nu Image folks find great pleasure in helping (directly or indirectly) people look and feel attractive, and thus live more fulfilling lives. We feel privileged to be able to work in an industry where the improvement of people's physical appearance can affect their mental outlook," concluded Ellis.

About Nu Image MedSpa Inc.

At Nu Image MedSpa, 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 trendsetting 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, Restylane, 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 MedSpa 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!

The Nu Image MedSpa franchise business development program allows the investor to easily participate in one of the fastest growing and most lucrative sectors of the healthcare industry. Nu Image is committed to continually setting the highest levels of excellence and innovation for our clients. Medical Spas are fast becoming the facility of choice among women and men seeking rejuvenating skin care procedures. For more information about Nu Image MedSpa visit http://www.nuimagemedspas.com.

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 trendsetting 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.

Contact Information