AcuMedSpa Holdings, Inc. Board of Directors Announces Authorization to Retire 230,000,000 Shares as Well as a Commitment to No Further Share Issuance
AVENTURA, FL -- (Marketwire) -- 11/03/09 -- AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ)
is pleased to announce that its Board of Directors has initiated the
process of retiring 230,000,000 shares of common stock, over 66% of the
total outstanding shares. The retirement of the common stock will be
completed over the next 30 days.
AcuMedSpa Holdings is fully committed to its shareholders to maintain and
increase shareholder value. The retirement of shares, projected revenue
growth and no dilution stance further strengthens this commitment. The
company trusts that with the tools and assets it currently possesses, it
will be able to fully achieve its previously stated goal for 2010 of over
$10,000,000.00 in revenue and EBITDA of over $2,000,000.00 without any
further issuance of equity. Debt will only be issued as an instrument for
the acquisition of productive assets. Said debt would not be in the form of
convertible debentures and only as straight debt.
Brian Sperber, President of AcuMedSpa, stated, "We are extremely excited
for the future of our business and our promised exponential growth
projections. These next weeks and months are going to be very exciting for
all of us. We want to thank our valued shareholders for their support and
the trust they have deposited in us by investing in the vision of
AcuMedSpa. We are retiring the shares of common stock in order to build
value for our shareholder base and as a commitment to the long-term health
of our company. Once completed, we will update our shareholders as well as
release the transfer agent for share structure requests."
For further info please visit our website www.acumedspa.com
This press release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended and such forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. You are cautioned that such
statements are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially from
those projected in the forward-looking statements as a result of various
factors, and other risks. You should consider these factors in evaluating
the forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this release
are made as of the date hereof and AcumedSpa Holdings. Inc takes no
obligation to update such statements