Dec 21 2009
AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ)
has been evaluating many acquisition prospects and currently is focused on
multiple acquisition targets.
The main target is a company which has been in business for over 6 years
and has continuously provided its shareholders with positive net income
while serving many repeat customers. This company currently has 16
locations in 9 metropolitan areas across the United States. This company
currently generates nearly $2,500,000.00 in revenue each year. We project
that this acquisition as well as the complement of services we will be able
to add to both their existing locations and AcuMedSpa's locations will more
than double our current revenue while allowing us to provide an increase in
operating profit margins due to economies of scale.
The secondary targets are full service Spa's located throughout South
Florida. These acquisition targets combined are projected to generate over
$1.5 million in 2009.
Besides AcuMedSpa's desire to acquire these business' current operations,
we believe that the synergies that exist will increase the overall health
of our company while immediately contributing to both top line revenue and
net income.
AcuMedSpa is optimistic that it will enter into Letters of Intent to
purchase these targets within the first quarter of 2010.
"This is by far some of the most exciting news I can provide our
shareholders. By acquiring assets such as the ones we are currently
evaluating, we believe we will be able to meet and perhaps even exceed our
previously stated projections for 2010 of $10,000,000.00 in revenue. If
successfully acquired, these acquisitions will allow us to establish a
footprint in many of the most prosperous cities in our Country allowing for
the expansion of our business model at a rapid pace," stated Brian Sperber,
President of AcuMedSpa Holdings, Inc.
SOURCE: AcuMedSpa Holidays Inc.