AMSZ might be something to put on your watchlist folks.
New filings on pinksheets! Including attorney disclosure, steps being taken to get current status.
TAMARAC, FL, Mar 31, 2010 (MARKETWIRE via COMTEX) -- AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ), a provider of Medical Aesthetic, Spa and Acupuncture services, is pleased to announce their preliminary results for fiscal year 2009. The company had $2,168,236 in revenue, an increase of over 17% from 2008 with a net income of $(18,891). Brian Sperber, President of AcuMedSpa, provided the following statement, "We are proud to share these initial results with our shareholders as we begin providing increasing transparency to market over the next several months. I would also like to take this opportunity to state that our Revenue and Net Income goals for fiscal year 2010 are projected to be as follows; $10,000,000 in Revenue with approximately +$2,000,000 in Net Income."
"Providing these preliminary 2009 results to OTC Markets, Inc. (formerly Pinksheets.com) reflects on our overall objective of maximizing shareholder value in as transparent a manner as possible, as we begin implementing the next stages of our multi-year growth phase by expanding our organic footprint in the United States along with strategic acquisitions."
Hoping it is. CEO seems very willing to talk shareholders. Also look at some of the past prs.
* AcuMedSpa Holdings, Inc. Is Pleased to Announce a Reduction in Total Liabilities of Nearly 30%, Further Solidifying Our Efforts to Bring Increased Shareholder Value as We Work Toward Our Goals in 2010Marketwire(Mon, Jan 11)
* AcuMedSpa Holdings, Inc. Announces It Is Currently in the Process of Filing to Become a Pink Sheets Current Information CompanyMarketwire(Thu, Jan 14)
* AcuMedSpa Holdings, Inc. Announces the Completion of Reduction of the Authorized Shares by 200,000,000 From 375,000,000 to 175,000,000, a Decrease of Over 55%Marketwire(Wed, Jan 27)
* AcuMedSpa Holdings, Inc. Announces Another Milestone, It Has Reached a Preliminary Agreement to Purchase a Multiple Site Medical Spa Practice Projected to Generate Over $1,500,000.00 in 2010Marketwire(Mon, Feb 1)
* AcuMedSpa Releases Update on Corporate Progress and Status of Its Pending and Potential AcquisitionsMarketwire(Mon, Mar 8)
* AcuMedSpa Holdings, Inc. Announces 2009 Revenues of $2,168,236Marketwire(Wed 4:00pm)
seems like they are working diligently on their goals
A/S: 175,000,000
Previous O/S: 127,124,965
Current O/S: 149,324,965
THIS IS WHAT SOMEONE WROTE ON IHUB about communication with the CEO
"Now. Before you all start spinning about dilution, I've already contacted Mr. Sperber and inquired about this recent increase. Here is a portion of his email with his response:
Quote:XXX XXXXXXXXXXX,
First of all, thank you for being a shareholder. I actually recognize your last name from our shareholders lists which I review every few weeks or so. I will do my best to respond to your questions below, if anything is unclear please feel free to ask whatever you would like.
1) Current Share Structure- Our OS increased very recently, a debt holder decided to sell their note to multiple investors which in turn converted their portion of said note into shares. The debt holder further reinvested the funds into the company so that we can complete the short term acquisitions we have lined up. Note that the buyers of the note were already large block holders of AMSZ stock who believe in the long term growth of the company, some of which have yet to sell a single share of stock they've been holding since we launched. I have always maintained the position that we will not dilute the shareholder base, this debt conversion was actually the only convertible note the company had and as mentioned above, the funds have been reinvested by the debt holder into the company.
I added the bold, of course. Yes, dilution is always concerning but when done responsibly and effectively, it can add significantly to the growth of the company. In this instance, the only convertible note the company had was converted into shares and the money gained was re-invested in the company to complete the short term acquisitions.
Think what you want about this, but in my mind it's only adding strength to the company and increasing the worth as AcuMedSpa will soon be completing the acquisitions and substantially increasing their revenue for this year
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