SOURCE: Winsted Holdings

September 20, 2005 07:00 ET

Winsted Holdings Buys 90% of GaeaCare Syndicate Partners, Inc.

NEWPORT BEACH, CA -- (MARKET WIRE) -- September 20, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that it has bought 90% of GaeaCare Syndicate Partners, Inc. from its founding shareholder. Terms will be fully disclosed in upcoming filing. No free trading shares were used in this buyout transaction.

"With the problems caused by Hurricane Katrina and the public eye on the cleanup, this is the perfect time to buy GaeaCare," stated Winsted CEO Mark Ellis. "For months now, we have been chomping at the bit over what GaeaCare may mean to our shareholders. Negotiations kicked into high gear once the images of the devastation caused by Hurricane Katrina were displayed on every single news station and newspaper. GaeaCare has built a solid foundation of relationships over the last several years that will open up many possibilities for us to participate on this front. This would include any projects on treatment of toxic waste streams and other underground cleanup projects."

"We have no illusions of grandeur here with GaeaCare. Our intent is to go after only a small part of their vast business model. We believe that with the federal government tripping over themselves to get New Orleans cleaned up as fast as possible, GaeaCare is in the right place at the right time. Since our capital resources are limited without massive dilution, we will focus on small projects within our capital structure that will bring us the most profit in the shortest turnaround time. As our revenues grow and available capital allows, we will then expand our focus to encompass all other GaeaCare products," Ellis concluded.

About GaeaCare Syndicate Partners, Inc.

GaeaCare Syndicate Partners, Inc. is a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response, and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. Sub-Surface Waste Management, Inc., a U.S. Microbics company, is a 10% equity holder. For more information on GaeaCare visit http://www.ags-gaeacare.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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