SOURCE: Winsted Holdings

August 11, 2005 07:00 ET

Nu Image MedSpa's Bareskin Location Revenue Up 30% Annualized

Sharp Revenue Increase Attributed to Winsted Stewardship

NEWPORT BEACH, CA -- (MARKET WIRE) -- August 11, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that under the stewardship of Winsted Holdings, Nu Image MedSpa's Bareskin location in Newport Beach, California, has seen a sharp increase in monthly revenue. Annualized revenue has jumped from $600,00 to $850,000 in less than 6 months. The purchase of Bareskin Aesthetic MedSpa by Nu Image MedSpa was previously announced on February 23, 2005.

Under the comprehensive consultancy contract with Nu Image MedSpa, Winsted provides management and strategic services for a monthly fee of $10,000. At this time, marketing strategies, operational enhancements and new practices have been implemented to increase revenue further from the current $850,000 annual level to $1 million.

Nu Image MedSpa's Bareskin is located in the Newport Beach Fashion Island area. Centrally located between two major metropolitan cities, Los Angeles and San Diego, this extraordinary shopping destination features more than 200 stores, 40 restaurants and two cinema complexes surrounded by world-class hotels (including the renowned Four Seasons Hotel). Famous worldwide for its picturesque sandy beaches, majestic coastline, infinite recreational activities, award-winning dining and world-class shopping, Newport Beach is more than a sophisticated beach town -- it's a way of life. And it is under this slice of heaven on earth that Bareskin was born and has flourished. Its clients come to "Colorful Coast" Newport Beach to relax and walk away Bareskin rejuvenated.

"This 30% jump in revenue came from a combination of marketing know-how and increase of operational efficiency," stated Winsted CEO Mark Ellis. "The Bareskin location has thus far exceeded everyone's expectations and serves as a prime example of Winsted's abilities to manage and grow an existing successful medspa. Taking Bareskin to the $1 million a year revenue plateau will require us to increase the power of marketing to the extremes and increase customer satisfaction through responsiveness and refinement. In doing so, savvy marketing will bring in new customers while customer satisfaction retains current client base. Winsted has already laid out the plan for all the above with maximum firepower and finesse."

"Our Bareskin MedSpa and Charlotte Laser Center successes has boosted the awareness of the Nu Image MedSpa brand. This should help them enhance brand sales at a time when some competitors are seeing insurmountable challenges. Would-be franchisees of Nu Image will be please to know that Winsted is right alongside them to assist them as they reach for success. Being in business for yourselves doesn't necessarily mean by yourself. You are witnessing the onset of a paradigm shift," 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 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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