MedSpas Adjusts Business Model
ATLANTA-(Business Wire)-January 6, 2009 - MedSpas of America Inc. (Other OTC:MEDP - News), www.medspasofamerica.com, announces an enhancement in its business model for 2009. Due to current economic conditions, the Company has decided to focus more of its resources towards Internet technology, particularly brand development and management in the e-commerce arena.
The Company’s CEO Paul Smith states, “The current turmoil of the world’s economy is not conducive to the continuation of the capital intensive pursuit of acquisitions and operations of medical spas at this time. We have decided to place our medical spa strategy on hold until these economic conditions improve. Last year the Company focused its emphasis towards the development of its cosmeceutical brand, Natural Renu. This strategy shift affords the Company the ability to maintain its position in the medspa industry at a significantly lower investment cost.”
Mr. Smith further states, “It is taken the Company a longer period of time, than originally anticipated, to make this modification in our business model. However, we must ensure that the foundation of our future growth is built solidly. During this process, the Company has found a new acquisition that is compatible with our adjusted business model. The announcement of this acquisition is forthcoming. It is our goal to make whatever adjustments are necessary to protect and enhance shareholder value during these turbulent but exciting times.”
This announcement follows the Company’s previous updates regarding the acquisition negotiations. Management would like to wish its shareholders a Happy New Year and thank everyone for their continued patience during this time.
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.
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