SOURCE: IO News Wire

IO News Wire

November 04, 2009 14:18 ET

(PINKSHEETS: AMSZ) Boosting Shareholder Equity With Share Retirement

NOTE TO EDITORS: The Following Is an Investment Opinion Issued by the IO News Wire

NEW YORK, NY--(Marketwire - November 4, 2009) - AcuMedSpa Holdings, Inc., (PINKSHEETS: AMSZ) announced yesterday that it has approved the retirement of 230,000,000 shares of common stock inside of the next 30 days.

By retiring shares, AcuMedSpa is showing existing shareholders confidence that the company can reach their previously stated goals of $10,000,000.00 in revenue with and EBITDA of +$2,000,000.00 without the common practice of issuing more shares.

Today was also the announcement of an agreement with Zerona and Santa Barbara Medical Innovations that allows AcuMedSpa to become the preferred provider of the Zerona Protocol which is a zero pain, non invasive, zero downtime fat removal process. Zerona has been promoted or featured by Leeza Gibbons, Rachael Ray, and the TV show Extra.

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Other active stocks are: Medtronic Inc (NYSE: MDT) CONMED Corp (NASDAQ: CNMD) China Biopharma (PINKSHEETS: CHBO)

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