AcuMedSpa Holdings, Inc. Board of Directors Announces Authorization to Retire 230,000,000 Shares as Well as a Commitment to No F
November 03 2009 - 10:30AM
Marketwired
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
Contacts: Brian Sperber 305-405-0456