SOURCE: Winsted Holdings

June 27, 2005 08:02 ET

Nu Image MedSpa Completes Buyout of Charlotte Laser Center

Winsted Holdings Awarded $10,000 Equity Bonus for Its Pivotal Role

NEWPORT BEACH, CA -- (MARKET WIRE) -- June 27, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that in addition to the $10,000 in equity payment for its monthly consulting fee, Nu Image MedSpa Inc. of Las Vegas, Nevada, has decided to also award Winsted a $10,000 equity bonus for the successful buyout of Charlotte Laser Center in Charlotte, North Carolina.

Charlotte, North Carolina, one of the fastest-growing cities in the United States, was founded sometime during the 1750's and was named after King George III's wife. Primarily, Charlotte is proud of its banking industry, which includes Bank of America and Wachovia. It's the nation's second biggest banking center. Other major corporations located here are Duke Energy, Sonic Automotive and Goodrich. The revenue profile for Charlotte Laser Center in the "Queen City" has been mostly women. However, men have been gaining ground in the customer population. For more detail on services and price list, please visit http://www.charlottelasercenter.com/prices.htm. General information on the Center can be viewed at http://charlottelasercenter.com/index.htm.

"The Charlotte deal was a major achievement for Nu Image and represents an additional million-dollar-plus in annual revenue for them," stated Winsted CEO Mark Ellis. "As I've stated in the June 2, 2005, PR, Nu Image flew me across the country to get a couple of deals done and to locate suitable sites for new franchisees. This is the first fruit of that cross-country labor and it's a big one. On this particular buyout, the win was so huge that Nu Image has decided to award us twice the agreed-upon bonus of $5,000 each."

"We also made recommendations on changes to both marketing and operations. These tweaking ideas were accepted and adopted as pivotal strategies to enhance revenue and profitability. The goal in coming up with the packaged enhancement strategy was to increase annual revenue to $2 million with greater margin. We're looking forward to working even closer and more profitably with Nu Image as more buyouts are completed. This is just the beginning of a powerful journey as Nu Image's locations and revenues are growing exponentially. To think, Winsted Holdings is already a shareholder with a growing equity participation," 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 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, 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 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.

Contact Information