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AMSZ - AcuMedSpa Holdings, Inc. to Open Standalone Medical Spa in Coral Gables
On Wednesday April 14, 2010, 4:05 pm EDT

TAMARAC, FL--(Marketwire - 04/14/10) - AcuMedSpa Holdings, Inc. (Pinksheets:AMSZ - News), a provider of Medical Aesthetic, Spa and Acupuncture services, is pleased to announce that in an effort to further enhance the AcuMedSpa brand, the company plans on opening a standalone location in the heart of the Miracle Mile/Coral Gables shopping district(www.shopcoralgables.com/ ), one of the most desired addresses in South Florida. This new location will provide all of AcuMedSpa's service offerings as well as include the services of a renowned South Florida plastic surgeon.

This location is expected to generate nearly $1,000,000.00 in annual revenue and will have the ability to provide up to 20 treatments at any given time. This location will rapidly become AcuMedSpa's "flagship" location.

With this location expected to open in late May or early June 2010, the company has decided to move out of its headquarters in Aventura, Florida; a move which will ultimately save us over $100,000 in rent and related expenses per year. Additionally the company expects to move the administrative staff to both our Tamarac and Coral Gables locations. AcuMedSpa is currently searching for an appropriate store front location in Aventura from which we will be able to offer our loyal customer base the high quality services they have become accustomed to.

We would also like to update the investment community on our progress with the previously stated pending acquisitions. We are meeting with our attorneys today to discuss the finalization procedure on the South Florida acquisition. As well, CEO Sperber will be travelling to Knoxville, TN later this week for meetings with the executive management team of Sohna and frequent their current locations.

Brian Sperber, President of AcuMedSpa summarized, "We expect our new standalone Coral Gables location to become our flagship location and the model for our continued expansion plans throughout South Florida and beyond. The space is beautiful and we expect to staff it with some of the best estheticians and medical professionals in South Florida. With this expansion we are another step closer to our goal of $10,000,000.00 in revenue in 2010 with an EBITDA of over $2,000,000.00."

http://finance.yahoo.com/news/AcuMedSpa-Holdings-Inc-to-iw-2520627539.html?x=0&.v=1