Medspas Aquisition Strategy Aims to Enhance Shareholder Value Through Physical Presence and Diversification of Revenue
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ATLANTA, GA, Jul 31 (MARKET WIRE) --
Medspas of America, Inc. (PINKSHEETS: MEDP) -- U.S. Market Penetration is
imperative to Medspas overall success and we've made significant progress
on this front. Our approach has been centered on evaluating multiple
merger and acquisition targets by identifying specific fiscal risk
factors which include the following criteria: Quantify liabilities,
assess historical performance, determine the competitive advantage, and
most importantly in selecting the correct demographic locations. "We are
confident in our completed assessments and are moving forward to
finalizing agreements with several candidates," stated CEO Paul Smith.
Capturing the correct mixture of market share is crucial and we feel we're
on the right track. The Online Retail Channel will be perfectly
complemented by our physical presence throughout the United States.
Research from the Luxury Institute supports our business model which
surveyed a sample group representing a demographic slice of American
households with a minimum net worth of $750,000 (including home equity)
and at least $150,000 in annual income. The median income for this group
was $314,000, and median net worth came out to $2 million. Research
concluded that the economic elite first choose the Internet in dealing
with providers of luxury goods and services, beating out other channels,
such as the telephone, face-to-face visits, and mail. In fact, 37% of
wealthy consumers prefer buying luxury services on the Internet, compared
with 30% who would rather do so in person and 21% who prefer the phone.
Wealthy consumers especially appreciate being able to research companies
and offerings online. A resounding 88% of wealthy consumers cite a
preference for using the Internet and e-mail to research luxury-services
firms, and 85% prefer these channels for learning more about a particular
service. In luxury goods, nearly 80% of the consumers surveyed turn first
to the Internet or e-mail to learn about companies and their products. A
resounding 93% of individuals worth $10 million or more have purchased a
luxury product over the Internet in the past 12 months, and nearly 75% of
the wealthiest made online purchases of luxury services. "Revenues fuel
expansion and our online retail division is the catalyst for Medspas
growth," stated CEO Paul Smith.
The company would also like to reiterate that there is no 504-D offering
as we remain committed to protecting shareholder value.
About Natural Renu
The company has established a new division to penetrate the $5.4 billion
cosmeceutical industry under the brand name Natural Renu. The company's
new initiative is a line of cosmeceutical products focusing on the
anti-aging and skin healthcare markets. The company sales efforts are
focused primarily through two marketing channels. The first and primary
sales channel is Internet Retailing. The second target audience is to
exclusive Plastic Surgeons and Dermatology practices, Day spas, Resorts
and Medspas around the world.
SAFE HARBOR STATEMENT: Except for historical information contained herein,
the statements in this release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private Securities
Reform Act of 1995. Forward-looking statements involve known and unknown
risks and uncertainties, which may cause a company's actual results in
the future to differ materially from forecasted results. These risks and
uncertainties include, among other things, product price volatility,
product demand, market competition and risk inherent in the operations of
a company.
Investor Contact Information:
Paul Smith
Investor Relations
1-866-595-1081
Copyright 2008, Market Wire, All rights reserved.
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