SOURCE: MedSpas of America, Inc.

July 16, 2007 09:00 ET

Medspas of America Acquires Medbizmarket

Combination Will Create New Opportunities for Medical Industry Buyer and Sellers Everywhere

ATLANTA, GA--(Marketwire - July 16, 2007) - Medspas of America Inc. (PINKSHEETS: MEDP) announced today that it has acquired, the health care buying and selling company. was launched in 2001 to meet the overwhelming demand for an online arena that specializes in the buying and selling needs of the medical community. Medbizmarket will operate independently to preserve its successful brand and passionate community.

The acquisition combines one of the most experienced online companies that specializes in the buying and selling needs of the medical community with Medspas of America's expertise in organizing information and creating new models for revenue in the medical, day and resort spa industry. The combined companies will focus on providing a better, more comprehensive experience for users interested in drawing thousands of potential visitors from the medical arena that are either interested in buying or selling a business, looking for new products, or other healthcare related services. This alliance will offer new opportunities for professional owners, managers and agents to distribute their business needs and to reach a vast new audience.

"The Medbizmarket team has built an exciting and powerful online platform that complements Medspas of America's mission to provide a vast array of key services and information and make it universally accessible and useful to the medical industry," said Paul Smith, Chief Executive Officer of Medspas of America. "Our companies share similar values. We always put our clients first and are committed to innovation to improve our clients' experience. Together, we are natural partners to offer another compelling service to health industry users, content owners and advertisers."

Medbizmarket will retain its distinct brand identity thereby strengthening and complementing Medspas of America's own fast-growing business. Medbizmarket will continue to be based in Atlanta, GA, and all Medbizmarket employees will remain with the company. With Medspas of America's technology, advertiser relationships and industry reach, Medbizmarket will continue to build on its success as one of the industry's most popular online arena that specializes in the buying and selling needs of the medical community.

This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the U.S. Securities and Exchange Commission ("Commission"), press releases and verbal statements that may be made by our officers, directors or employees acting on our behalf which could cause actual results to differ materially from those discussed in the forward looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company's ability to meet capital needs and as further set forth in our public filings filed with the Commission and our press releases.

Contact Information

  • Investor Contact Information:
    Rich Kaiser
    Investor Relations