SOURCE: Winsted Holdings

September 29, 2005 08:55 ET

Nu Image MedSpa Completes Registration in 46 States Across America

Winsted Holdings to Be Exclusive Outside Marketer of Nu Image Brand

NEWPORT BEACH, CA -- (MARKET WIRE) -- September 29, 2005 --Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), and Nu Image MedSpa Inc. of Las Vegas, Nevada, jointly announced that Nu Image has received letters from South Carolina, Illinois, Maine and Maryland. These official letters are acknowledgement receipts of filings as required by the Business Opportunity Sales Act under each state. With the addition of these 4 states, Nu Image is now ready to accept business in 46 states. The remaining states are in the filing process and shall be completed in the very near future. We are close to signing 8 more franchise MedSpa locations at $58,500 a piece, totaling over $450,000 of new revenue in the next few weeks. These new MedSpa sales will bring the company total revenue for the year to over 1 million dollars.

"The nearest competitor of Nu Image is only registered to do business in 16 states," stated Winsted CEO Mark Ellis. "Nu Image MedSpa is registered in 46 states. This means with the huge successes of Charlotte Laser Center and Bareskin MedSpa as the machine guns, we can lay rapid fire across 46 out of 50 states. And as Nu Image's exclusive outside marketer of the brand, we stand to gain sales in almost every state. Our sales team has already fulfilled 35 package requests in the last two weeks. This is certainly something we are very proud of."

Ellis further stated, "This is our time to shine. Our management of existing medspas is showing tremendous sales increases matched by improved operational efficiency. And at the Winsted level, we are seeing our own revenue numbers going up while expenses going down in the most recent quarter (ending September 30, 2005). Not to be outdone, we expect our recent purchase of the 90% of GaeaCare Syndicate Partners to add a whole new dimension to our company's ability to earn additional revenue and open new markets."

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 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 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. 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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