SOURCE: Winsted Holdings, Inc.

July 22, 2005 07:10 ET

Winsted Holdings Forms First Ever MedSpa Medical Advisory Board on Behalf of Nu Image MedSpa

NEWPORT BEACH, CA -- (MARKET WIRE) -- July 22, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that it has made medspa history with the formation of the industry's very first medical advisory board on behalf of Nu Image Medspa Inc. of Las Vegas, Nevada.

"Nu Image Medspa can literally say that they are the only medspa company in the world with a medical advisory board," stated Winsted CEO Mark Ellis. "They are growing so fast in terms of number of medspa locations, number of employees and number of procedures performed daily that it is very important to have a medical advisory body to make sure everyone follows the correct practices. Since Nu Image is now in so many states with varying medical procedural requirements, our job as their paid consultant, is to make sure they have a team of medical experts to watch over them."

"With the establishment of a medical advisory board, Nu Image will also be gaining the expertise and guidance from those medical professionals who share the medspa excitement. Building any successful business takes enormous effort, be it finance, or blood, sweat and tears. Every BDC's (Business Development Company) dream is to play a role in the production of a masterpiece. We at Winsted Holdings share this dream, which is why to us all the effort is justified. Each one of our BDC clients holds both our dreams and nightmares. Thus, we take extra measures to make sure we minimize any obstacles by turning them into something positive. We are paid to turn potential weaknesses into strengths," concluded Ellis.

The medical advisory board is made up of members with extensive experience in medspa type medical procedures. The founding Board Members are Dr. Rakesh Shishodia, Dr. Neil Franklin Neimark and Amelia Naccarto-Coleman, PA-C:

Dr. Rakesh Shishodia:

Dr. Shishodia is the owner of Skin Glow MedSpa of Bakersfield, California and a MedSpa Solution client. He is fellowship trained and Board Certified in Geriatric Medicine (St. Louis University Hospital), and Board Certified in Internal Medicine. Licensed to practice medicine in the State of California. He received his M.B.B.S. (Medical School) Grant Medical College, Bombay University, India.

Dr. Neil Franklin Neimark:

Dr. Neimark is an Associate Clinical Professor at University of California, Irvine. His 20-year medical practice spans across many areas including outpatient primary and urgent medical care, coordinator and development of wellness programs (i.e. smoking cessation, very low calorie liquid diet and stress management), and private practice (family and industrial medicine). Dr. Neimark has appeared on numerous television interviews and the author of many books/publications including: "The Handbook of Journaling: Tools for the Healing of Mind," "Body & Spirit (Second Edition)," "Contacting Your Inner Healer: A Guided Imagery Relaxation Tape," "Less Stress Surgery: A Guided Imagery Relaxation Tape," "The Healing Power of Attitudes & Beliefs (Study Manual)," "Irritable Bowel Syndrome and the MindBodySpirit Connection: (2nd Edition)" William B. Salt II, M.D. and Neil F. Neimark, M.D. by Parkview Publishing Inc. ©1/2002. He received his B.S. in Mathematics (4.0 GPA) from Youngstown State University. Graduated from Ohio State University College of Medicine (Cum Laude; alpha Omega Alpha Honor Medical Society). Other medical education includes Internship at Franklin Square Hospital (Rosedale, Maryland), Residency at Mount Carmel Health and Fellowship at Ohio State University Department of Family Medicine.

Amelia Naccarto-Coleman, MAS, PA-C:

Ms. Naccarto-Coleman is an Assistant Professor at Western University of Health Sciences (Pomona, California) and Adjunct Faculty member of California State University, Dominguez Hills, California. She is also a Licensed Physician Assistant by the State of California, Board of Medical Quality Assurance and Primary Care Recognition. Other professional certifications includes National Commission on Certification of Physician Assistants, ACLS Certification, Inamed Collagen Injector - Certified, Lumenis Quantum SL (and Light Sheer) - Certified, Candela GentleYag and GentleLase - Certified. Ms. Naccarto-Coleman received her B.S. from the School of Health Services at The Johns Hopkins University and her Master of Administrative Sciences (Business and Management) also from The Johns Hopkins University.

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: 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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