SOURCE: MedSpas of America, Inc.

October 13, 2008 10:00 ET

MedSpas Updates Acquisition Discussions

ATLANTA, GA--(Marketwire - October 13, 2008) - MedSpas of America, Inc. (PINKSHEETS: MEDP),, continues negotiations for the acquisition of a 4-year old operating company that fits into the MedSpa's long range plans and will enhance shareholder value.

The Company is reporting that the parties have reached general business terms for the acquisition and are now in the process of formalizing legal documents. Assuming a successful closing, the acquisition will add a growing revenue stream in the millions of dollars over the next several years. Management is moving forward to place the potential acquisition under contract, with the view of closing before year-end.

SAFE HARBOR STATEMENT: Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.

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