Winsted Holdings Inc (fka WHLI)

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HUGE NEWS WHLI GONNA FLY!!

OMG!!!!!!!!!! news!!! WHLI Winsted Holdings, Inc. Provides Financial Guidance and Corporate Updates
Market Wire - October 18, 2005 8:53 AM (EDT)

NEWPORT BEACH, CA -- (MARKET WIRE) -- Oct 18, 2005 -- Winsted Holdings (OTC BB: WHLI), a Business Development Company (BDC), today announces financial guidance and other corporate updates.

For fiscal year 2005, Winsted Holdings is projecting approximately $1,500,000 in total revenue, an increase of $1,476,309 or 6200% from fiscal year 2004. In terms of per share figures, Winsted is expecting net revenue per share of $.0014 at the current capitalization of Winsted common stock. Revenue gains are attributed to the success of Winsted's MedSpa portfolio companies. Winsted will file its third quarter results for the period ending 9/30/2005 in mid-November, which will also reflect our recent 90% acquisition of GaeaCare Syndicate Partners, Inc.

We currently have 5 MedSpa locations under construction, including our recently announced Omaha location. We feel each of these locations will near $50,000-100,000 in revenue each month under the successful model we've implemented at the Charlotte Laser Center. Additionally, we are negotiating with 12 other MedSpa franchisees in which Winsted would book a management and consulting fee of $58,500 each.

Going forward, we are excited to be in initial discussions to take a minority interest in a publicly traded company that we feel will be of value to Winsted and its shareholders. We also have several private acquisitions, in various stages of completion, that the company expects to announce in the coming months.

About GaeaCare Syndicate Partners, Inc.

GaeaCare Syndicate Partners, Inc., 90% owned by Winsted Holdings Inc. (OTC BB: WHLI), is a proactive environmental products and services corporation that intends to become a leading environmental cleanup, emergency response, and environmental remediation company by the use of new computer systems technology, sensor technology, communications technology, systems concepts and microbial environmental cleanup treatment to serve the Homeland Security and environmental industries. Sub-Surface Waste Management, Inc. (OTC BB: SSWM), a U.S. Microbics company (OTC BB: BUGS), is a 10% equity holder. For more information on GaeaCare visit http://www.ags-gaeacare.com/.

About MedSpa Solutions Inc.

MedSpa Solutions Inc. of Irvine, California, is a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB: WHLI). Medical Spas are fast becoming the facility of choice among women and men seeking rejuvenating skin care procedures. At MedSpa Solutions Inc., not only are our customers treated with the best that technology has to offer, they also get expert consultations from our skilled medical staff. Our trend-setting spa-like facilities, combined with our friendly staff, are all you need for the best skin care experience ever. Our facilities offer FDA-approved procedures like Botox, Laser Hair Removal, IPL-Skin Rejuvenation, Microdermabrasion, Chemical Peels, Collagen, and Leg Vein Treatment. We work only with the most advanced laser equipment to achieve your desired results. Our medical staff is one of our most valued assets, and they are trained in a culture of warmth, friendliness, and customer service. Everything at the spa is designed with your comfort and convenience in mind, even our business hours which are flexible to adjust to your needs. Making you look good and feel good is what we are here for!

MedSpa Solutions is committed to continually setting the highest levels of excellence and innovation for our clients. We are pioneers in the MedSpa industry and strive to bring the most advanced treatments and standards to each one of our spas and clients. For more information on the Consulting Services from MedSpa Solutions, please contact us at 1-888-968-4624 or email at [e-mail].

About Winsted Holdings, Inc.

Winsted Holdings Inc. (OTC BB: WHLI) is a Business Development Company (BDC) located in Newport Beach, California. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. The Company was founded on the premise that combining both operational talent and financial talent within a single private equity investment firm can significantly enhance the magnitude and consistency of investment returns. Winsted Holdings' team consists of accomplished financial professionals with experience at prestigious financial institutions, seasoned corporate executives from various industry enterprises and successful entrepreneurs with expertise developed in aspects from business development to capital markets and from sales and marketing to technology development. The Company currently has two wholly owned subsidiaries, Spencer Communications Inc. and MedSpa Solutions Inc. Over the coming months, the Company will outline its ever changing portfolio holdings and its plans for the long-term medspa expansion.

Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of medspa and telecommunications regulations in the United States and other countries; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

Contact:
For additional information call:
Investor Relations
949-476-3711
or visit company website:
http://www.winstedholdings.com/