SOURCE: Winsted Holdings

November 03, 2005 08:45 ET

Nu Image MedSpa Reaps Success at International Esthetics Cosmetics & Spa Conference

NEWPORT BEACH, CA -- (MARKET WIRE) -- November 3, 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 gained indications of interest from fellow attendees at the International Esthetics Cosmetics & Spa Conference held in Orlando, Florida, on October 29-31, 2005. This year due to weather, IECSC (www.iecsc.com) honored admission tickets from the cancelled Miami Congress of Esthetics, which boosted turnout.

The 8th International Esthetics, Cosmetics & Spa Conference (IECSC) in Orlando, Florida, continues to take the industry to a higher level. Second only to IECSC Las Vegas, it remains the finest East Coast esthetics, cosmetics, and spa event in the industry. Held at the beautiful Gaylord Palms Resort & Convention Center and like IECSC Las Vegas, this trade event offers a great chance for estheticians, cosmeticians, makeup artist, body and massage therapist, dermatologist, salon and spa owners, plastic surgeons, and other trade professionals from around the world to experience all the industry has to offer. Over 350 professional skincare, body care, cosmetic and spa equipment and service manufacturers, 550 exhibit spaces, and more than 75 educational opportunities were available at the Conference.

"This venue provided us with advanced education, research information, view of a large offering of new products, ideas and a great networking opportunity," stated Winsted CEO Mark Ellis. "As an attendee, Nu Image was able to gain exposure through networking at the various functions. This 'soft' sales approach offered many opportunities to present the Nu Image model. Once presented, the model sells itself and garnered indications of interest from perspective franchisees."

Ellis further stated, "Every one of these prospective franchisees is a possible source of revenue and expansion for both Nu Image MedSpa and Winsted Holdings. We participate as part owners of Nu Image MedSpa and through our growing monthly management fee. No other shows can even remotely be compared to the caliber of the IECSC conferences. It is the best esthetics event worldwide and the caliber of qualified prospects will ensure a high rate of return for our participation."

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. 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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