Winsted Holdings, Inc. Provides Financial Guidance and Corporate Updates
Tuesday October 18, 8:45 am ET
NEWPORT BEACH, CA--(MARKET WIRE)--Oct 18, 2005 -- Winsted Holdings (OTC BB:WHLI.OB - News), a Business Development Company (BDC), today announces financial guidance and other corporate updates.
For fiscal year 2005, Winsted Holdings is projecting approximately $1,500,000 in total revenue, an increase of $1,476,309 or 6200% from fiscal year 2004. In terms of per share figures, Winsted is expecting net revenue per share of $.0014 at the current capitalization of Winsted common stock. Revenue gains are attributed to the success of Winsted's MedSpa portfolio companies. Winsted will file its third quarter results for the period ending 9/30/2005 in mid-November, which will also reflect our recent 90% acquisition of GaeaCare Syndicate Partners, Inc.
We currently have 5 MedSpa locations under construction, including our recently announced Omaha location. We feel each of these locations will near $50,000-100,000 in revenue each month under the successful model we've implemented at the Charlotte Laser Center. Additionally, we are negotiating with 12 other MedSpa franchisees in which Winsted would book a management and consulting fee of $58,500 each.
Going forward, we are excited to be in initial discussions to take a minority interest in a publicly traded company that we feel will be of value to Winsted and its shareholders. We also have several private acquisitions, in various stages of completion, that the company expects to announce in the coming months.
About GaeaCare Syndicate Partners, Inc.
GaeaCare Syndicate Partners, Inc., 90% owned by Winsted Holdings Inc. (OTC BB: WHLI), is a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response, and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. Sub-Surface Waste Management, Inc. (OTC BB:SSWM.OB - News), a U.S. Microbics company (OTC BB:BUGS.OB - News), is a 10% equity holder. For more information on GaeaCare visit ags-gaeacare.com.
About MedSpa Solutions Inc.
MedSpa Solutions Inc. of Irvine, California, is a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB:WHLI.OB - News). 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! |
