International Wellness Association Inc. Offers Services to W
International Wellness Association Inc. Offers Services to Wal-Mart Pharmacy
Customers
Business Editors/Health & Medical Writers
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 4, 1999--
International Wellness Association Inc. (the "company") (OTC BB:IWAX)
wishes to clarify its relationship with Wal-Mart Stores Inc.'s
Pharmacy Division, which it previously announced in its May 21, 1999
press release. This June 4, 1999 press release supersedes in its
entirety the company's May 21, 1999 press release.
The company has formed a relationship with Wal-Mart which enables
the company to offer to Wal-Mart's pharmacy customers the company's
mobile medical screening services in at least 5 Wal-Mart Stores during
the month of June within the states of Virginia, North Carolina, South
Carolina and Florida. This relationship constitutes a non-binding
allowance on the part of Wal-Mart on behalf of the company for the
company to offer its services to Wal-Mart customers and should not be
construed as a binding agreement or contract between the company and
Wal-Mart.
Wal-Mart pharmacies are ideal for the company to offer its
medical screening services because thousands of consumers utilize
Wal-Mart's pharmacies and with the company's presence within Wal-Mart
stores, the company has the opportunity to market its services to
these consumers. The additional customers the company could obtain as
a result of its presence in Wal-Mart has the potential to provide the
company the opportunity to significantly increase its revenues.
The company provides a wide variety of ultra-sound screenings and
blood analysis tests for the purpose of detecting diseases such as,
but not limited to, carotid artery blockage, aortic aneurysms,
peripheral arterial disease, osteoporosis, cholesterol levels, and
thyroid function, with additional screenings and tests planned in the
near future. The company's services are provided utilizing mobile
deployment capabilities for corporate, retail, clubs, churches,
non-profit and other institutional customers. Each territory is
initially launched with a single club-van equipped with
state-of-the-art ultrasound equipment, a computer with diagnostic
software, a TV with built-in VCR, tables, chairs, beds, screens and
other related equipment and supplies that permit a quick set-up of the
diagnostic facility at the customer site. The revenue capacity of each
club van is approximately $70,000 per month. Additional club vans are
incorporated into a territory when market conditions warrant it.
Forward looking statements in this release, including statements
regarding the company's future operations are based on information
available to the company as of the date hereof and involve a number or
risks and uncertainties. Among the important factors that could cause
actual results to differ are delays or failures in providing services,
competitive pressures, undercapitalization of the company and general
economic conditions, generally.
--30--lhs/mi*
CONTACT: International Wellness Association Inc., St. Petersburg
Martin Drillich, President
727/823-8200 |
