WellTek Positioned to Capitalize on Trends in Health and Fitness
November 24 2009 - 8:30AM
PR Newswire (US)
Three Subsidiary Companies Offer Combined Solution to Growing
Health Concerns ORLANDO, Fla., Nov. 24 /PRNewswire-FirstCall/ --
Two thirds of adults are overweight and one third of those are
obese. Experts estimate that 80 percent of the population will
experience a back problem at some point in their lives. Back pain
is one of the most common reasons for missed work and the second
most common reason for visits to the doctor's office. Combine these
sobering statistics with ever-increasing healthcare costs and the
growing health concerns among the global population, and it's easy
to see why the economic outlook for the health and fitness industry
is resoundingly positive. WellTek Incorporated (OTC:WTKN) (BULLETIN
BOARD: WTKN) is positioned with three subsidiaries - MedX Ltd.,
Pure HealthyBack and lime Fitness - to provide lasting solutions
for chronic neck and back pain, combat obesity, and empower people
to take control of their health and wellness. "Through our
strategic integration of MedX-branded equipment and application of
proven Exercise Science-based principles and instruction, we've
created an environment of strong organic growth potential through
tactical replication and scaling," said Randy Lubinsky, Chairman
and CEO of WellTek Inc. "Our three subsidiaries create one large
WellTek footprint that spans the health and fitness sectors -
creating a positive impact on the health of millions." MedX, Ltd.
manufactures, markets and distributes exercise and medical
rehabilitation equipment to the medical and fitness markets. MedX's
patented medical exercise machines have succeeded in providing the
healthcare industry with the very first tools capable of producing
specific and accurate tests for assessing functional ability, as
well as the finest source of rehabilitative exercise. MedX further
expanded its market by creating (non-medical) exercise versions of
its medical machines - branded the Core Spinal Fitness System(TM).
Scientific research indicates that in less than 20 minutes, twice a
week, these five machines can help reduce or eliminate back pain
and provide a solid foundation for whole-body strength and
flexibility. The proven success of MedX speaks for itself through a
"Who's Who" customer base comprised of professional sports teams;
colleges and universities - both domestic and abroad; government
agencies, including but not limited to every branch of the U.S.
Armed Forces, CIA, Department of Energy, Secret Service, FBI and
the Veterans Administration (numerous locations); Fortune 500
companies, such as General Motors and Tyson Foods; and hundreds of
medical rehabilitation hospitals and leading wellness centers
throughout North America and around the world. Pure HealthyBack
utilizes MedX medical machines and an innovative patient-centric
approach to healthcare delivery and true payment reform that places
a keen focus on quality care, measurable health outcomes, and cost
savings over the life of the patient, thus effectively managing the
condition with long-term value in mind. The Company offers a
forward-looking, turnkey program for health plans, large
self-insured employer groups, federal government agencies and
consumers. Its viable non-surgical treatment helps patients with
chronic neck and back pain - ailments that cost the U.S. healthcare
system as much as $100 billion each year and afflict an estimated
80 percent of all adult Americans. lime Fitness will offer a
network of studios dedicated to life, image and mind enrichment
with an innovative combination of lifestyle fitness coaching,
science-based exercise, advanced training programs and nutritional
counseling. Wellness Coaches specialize in educating and partnering
with clients to achieve maximum potential in fitness and mind/body
balance. Each location will be fitted with MedX machines, SCIFIT
cardio machines and state-of-the-art Pilates equipment - all backed
by proven scientific research. With the flagship studio
successfully opened in Orlando, Florida, the focus is now on
establishing new centers in desirable target markets that have met
specific demographic and psychographic criteria. In addition to
planning its own corporate-owned network of studios, WellTek (WTKN)
is also actively engaged in discussions to accelerate lime's rise
in national prominence through strategic joint ventures in certain
geographic areas. "The WellTek story speaks for itself," said Roxie
Mooney, Vice President Marketing and Communications, WellTek, Inc.
"Now we're just creating greater opportunity for people to
experience the life-changing story for themselves." About WellTek
Incorporated WellTek (WTKN) is a global health, fitness and
wellness company that provides solutions to help address some of
the world's most pressing and costly health challenges--obesity and
chronic neck and back pain. The Company's subsidiary, MedX Limited,
manufactures, markets and distributes the most advanced medical
exercise equipment to the medical and fitness markets. Through its
wholly owned subsidiary Pure HealthyBack, Inc., WellTek is
redefining healthcare delivery by providing health plans,
self-insured employer groups, and consumers with a viable
non-surgical, lower cost treatment for patients who are seeking
lasting relief from chronic neck and back pain. The Company also
owns and operates lime Fitness, Inc., a high-end fitness and
exercise studio specializing in lifestyle fitness coaching designed
to facilitate life, image and mind enrichment. For more information
on the Company, please visit http://www.welltekinc.com/. Certain
statements contained in this press release, which are not based on
historical facts, are forward-looking statements as the term is
defined in the Private Securities Litigation Reform Act of 1995,
and are subject to substantial uncertainties and risks in part
detailed in the respective Company's Securities and Exchange
Commission filings, that may cause actual results to materially
differ from projections. Although the Company believes that its
expectations are reasonable assumptions within the bounds of its
knowledge of its businesses, expectations, representations and
operations, there can be no assurance that actual results will not
differ materially from their expectations. Important factors
currently known to management that could cause actual results to
differ materially from those in forward-looking statements include
the Company's ability to execute properly its business model, to
raise additional capital to implement its continuing business
model, the ability to attract and retain personnel - including
highly qualified executives, management and operational personnel,
ability to negotiate favorable future debt facilities and capital
raises, and the inherent risk associated with a diversified
business to achieve and maintain positive cash flow and net
profitability. In light of these risks and uncertainties, there can
be no assurance that the forward-looking information contained in
this press release will, in fact, occur. DATASOURCE: WellTek
Incorporated CONTACT: Elite Financial Communications Group, LLC,
Dodi B. Handy, President & CEO (Twitter: dodihandy), Kathy
Addison, VP of Elite Media Group (Twitter: kathyaddison),
+1-407-585-1080, Web Site: http://www.welltekinc.com/
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