SOURCE: Winsted Holdings

August 30, 2005 07:00 ET

MedSpa Solutions Provides Update on California Medspas

EMERJ and Skin Glow Medspa Construction Continues

NEWPORT BEACH, CA -- (MARKET WIRE) -- August 30, 2005 -- MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB: WHLI), today announced that EMERJ of Irvine (California) and Skin Glow MedSpa of Bakersfield (California) are both well into the construction phase. Details of these agreements were both previously released in June 29 and July 5 press releases, respectively. Once completed, both medspas will be positioned within a burgeoning industry and be ready for new clients. Winsted has secured monthly support fees from these two locations by providing ongoing support services under its comprehensive management consultant agreement that will bring in more than $75,000 annually for these two locations alone.

"We bring a unique fusion of medspa and business development expertise to market for our clients," stated Winsted Holdings CEO Mark Ellis. "In close conjunction with the client, the character, style and ambiance of each medspa are in perfect alignment with the elements of its unique community and target market. Passion for an early success manifests itself in the way we usher the client through the construction phase making sure that the architect, contractor and client work together cohesively."

"Giving birth to a new medspa takes a tremendous amount of labor pain, knowledge and expertise. Just because someone may know how operate a successful business doesn't mean they can make money in the medspa business. That is why we do so well in providing assistance through the initial phases of the medspa birth process. Due to our expertise, clients pay us an ongoing monthly support fee to assist them on multiple fronts. In other words, getting you there is one thing and keep you running smoothly once you're there is another. This ongoing support fee represents a monthly recurring revenue stream for the company," 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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