SOURCE: Winsted Holdings

November 08, 2005 08:35 ET

Winsted Holdings Provides Dividend Plan and Corporate Developments

NEWPORT BEACH, CA -- (MARKET WIRE) -- November 8, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), plans to release it's dividend plan for FY2006 as well as provides updates on other corporate developments.

After careful analysis of the success of Winsted Holdings' wholly owned subsidiary, MedSpa Solutions, management believes it will be in a position to reward its investors and spin-off this subsidiary to shareholders as a special stock dividend in 2006. As previously disclosed in prior press releases, Winsted Holdings believes it can significantly grow these MedSpa's / Franchises to a monthly revenue level of up to $100,000 or more. Medspa Solutions currently has 5 locations under construction and management is confident it can successfully move forward with a majority of the 12 other locations currently in negotiation. Winsted CEO Mark Ellis commented, "We're very proud of the type of company Medspa Solutions is growing into, and naturally would love to give our shareholders a direct equity interest in it as well. We hope to complete this transaction early in the 2006 calendar year, which would allow us to focus our efforts on growing and expanding our business activities within our 90%-owned GaeaCare Syndicate Partners."

Additionally, Winsted is pleased to announce it has made significant progress in its talks to acquire a minority interest in a publicly traded company on the OTC Bulletin Board. Management believes it is in a position to sign a letter of intent within the next few days. "Sometimes, timing is everything," commented Ellis, "The company we're looking at trades at historical low prices, has slim operating expenses, a multi-year operating history, and will add value to Winsted's growing portfolio. We're always looking for opportunities to expand our portfolio holdings and diversifing our revenue streams."

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

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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