Press Release: Winsted Holdings to Focus on Rebuilding Businesses While GaeaCare Focuses on Cleanup Projects
Thursday October 6, 8:45 am ET
NEWPORT BEACH, CA--(MARKET WIRE)--Oct 6, 2005 -- Winsted Holdings, Inc. (OTC BB:WHLI.OB - News), a Business Development Company (BDC), is pleased to announce that it is focusing on its Hurricanes Katrina and Rita efforts on assisting small to mid-sized companies on rebuilding their businesses. This will be done through the Louisiana Economic Development (http://www.lded.state.la.us/), which has been designated by Louisiana Governor Kathleen Babineaux Blanco as the official economic development agency to connect Louisiana businesses with the resources they need and to foster growth across all industries.
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"GaeaCare Syndicate Partners will go after the cleanup-treatment projects worth millions of dollars in revenue for the company and the BDC staffers will go after rebuilding businesses with capital and possibly jobs," stated Winsted Holdings CEO Mark Ellis. "Five weeks after Hurricane Katrina emptied New Orleans of its 470,000 people, the city remains a deserted shell. Even as Governor Blanco, Mayor Nagin and the New Orleans City Council are assembling blue-ribbon commissions to devise a strategy for rebuilding the storm-ravaged city, businesses that have the resources to reopen are thinking of either downsizing or reinventing their business models in light of the changed business landscape."
"Rebuilding or reinventing a business is something we are very good at. Just look at what we have done for Nu Image MedSpa's Charlotte Laser Center and BareSkin. They both have been breaking sales records ever since we took over the stewardship. Our own wide-ranging internal expertise coupled with our ability to tap outside resources, as a BDC (Business Development Company), is exactly what some of the businesses in New Orleans need right now. We are at the right place at the right time," Ellis concluded. |
