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Re: CluelessStockJunkie post# 20911

Tuesday, 11/30/2010 11:18:35 AM

Tuesday, November 30, 2010 11:18:35 AM

Post# of 29028
This is from a old press release.
AcuMedSpa Holdings, Inc. is in negotiations to sell its "Spa within a Practice" subsidiary. This transaction which is expected to be finalized within the next 10 days is projected to be in the neighborhood of $700,000.00 to $1,000,000.00 in value for AcuMedSpa Holdings, Inc. The purchaser will be acquiring most of AcuMedSpa's liabilities and as a result will reduce AcuMedSpa's outstanding debt by approximately $475,000. The cash portion will help AcuMedSpa Holdings expand into multiple Standalone locations more rapidly.

This leads me to believe that they have sold all their locations and had the intent in putting them in stand alone locations but since we haven't heard from them in a while I came to the conclusion that we will see a complete face lift here. I can't exactly say what the business plan will be here but IMO I don't think it will be in the spa business unless they are just taking a awful long time to find the right locations.
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