SOURCE: Winsted Holdings, Inc.

July 19, 2005 07:00 ET

Winsted Holdings Readies Charlotte Laser Center for $2 Million Year

NEWPORT BEACH, CA -- (MARKET WIRE) -- July 19, 2005 -- Winsted Holdings, Inc. (OTC BB: WHLI), a Business Development Company (BDC), is pleased to announce that strategies, operational enhancements and new practices have been implemented to increase revenue from current $1 million annual level to $2 million. This direct stewardship is part of the consulting agreement with Nu Image Medspa Inc.of Las Vegas, Nevada. As previously announced on June 27, 2005, Winsted Holdings was instrumental in the buyout of Charlotte Laser Center in Charlotte, North Carolina, and was awarded $10,000 for its pivotal role.

"Charlotte is truly a unique opportunity for us and Nu Image MedSpa to shine," stated Winsted Holdings CEO, Mark Ellis. "At the $2 million a year revenue level, it will be one of the highest revenue generators for a single medspa location. Even at the current $1 million level, it is already a shining star among a blazing industry. The eyes of many in and outside of the medspa industry are watching how effective and efficient we are in doubling Charlotte's already stratospheric revenue numbers. As we fire up this well oiled revenue generating machine, it will serve as a beacon to all who needs a guiding light."

Ellis further stated, "With our stewardship, Nu Image will enjoy the potential for an exceptional return on their Charlotte investment. We have developed and customized a complete business system that will help Charlotte maximize their sales. This new system creates the opportunity for them to capitalize on not one, but many cash streams that will flow from its established client base (through the expansion of services offered) while a new influx of clients due to our enhanced marketing strategy implementation.

"Our implemented innovative programs, training and procedures were instituted these past few weeks. The common business sense portions were upgrading of ambiance (addition of water falls, candles, spa like music and etc.), extended normal store hours and opening Saturdays, increased number of staff to handle the larger volume, and purchased new state-of-the-art equipment (i.e. new IPL-photo rejuvenation) based on our collective buying power group prices. Enhanced marketing strategy included the use of print advertisement in the Charlotte Woman, Charlotte Skirt, Charlotte Loafing, Charlotte Observer, and radio advertisement on 107.9 Talk Radio. Anyone can grab a paintbrush and paint, but the combination of colors along with the right masterstrokes can change a canvas into art. From the combination of a few basic business changes along with a few proprietary masterstrokes, you will see Charlotte fire on all fronts more than ever before," concluded Ellis.

For more detail on services and price list, please visit http://www.charlottelasercenter.com/prices.htm. General information on the Center can be viewed at http://charlottelasercenter.com/index.htm.

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. 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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