SOURCE: Nu Image MedSpa

June 02, 2005 06:30 ET

Nu Image to Award $5,000 Equity Fee to Winsted per Successful Buyout

Ellis Crisscrosses America on Nu Image Buyout Spree

NEWPORT BEACH, CA -- (MARKET WIRE) -- June 2, 2005 -- Winsted Holdings, Inc. (OTC BB: WNHL), a Business Development Company (BDC), is pleased to announce that in addition to the $20,000 in equity received ($10,000 per month since April 18, 2005) from Nu Image Medspa Inc. of Las Vegas, Nevada, Nu Image has graciously decided to also award Winsted a $5,000 equity bonus for each successful buyout or Franchise Network membership increase.

"Nu Image flew me out on a redeye flight across the country last night," stated Winsted CEO Mark Ellis. "As you read this, my plane has landed in Austin, Texas, to look at medspa candidates. Then it is off for a 3-hour drive southeast to Houston for more visits. Following that with another redeye to North Carolina to potentially purchase a seasoned medspa with over a million dollars in annual revenue. Lastly, I will be flying down to West Palm Beach, Florida, to look at site locations for a Nu Image MedSpa franchisee.

"This amount of traveling takes me away from running Winsted and our Company should be compensated handsomely. We appreciate Nu Image for recognizing our contributions to their success. The more successful they are, the better our companies will be post-merger. For the time being though, the potential extra compensation will help make our revenue numbers stronger and lower our eventual buyout cost," 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: WNHL) is a Business Development Company (BDC) located in Newport Beach, California. BDC's 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.

For additional information call Investor Relations 949-476-3711 or visit company website http://www.winstedholdings.com/.

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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