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Friday, November 30, 2012 10:39:35 AM
WellQuest Issues Shareholder Report Announcing Growth and Profitability
BENTONVILLE, AR, Aug 20, 2012 (MARKETWIRE via COMTEX) -- WellQuest Medical & Wellness Corporation (the "Company" or "WellQuest") (pinksheets:WEQL), delivering a unique model for healthcare that helps customers get well, stay well, and look well, has issued a Shareholder Report outlining the Company's achievements for the six month period ended June 30, 2012.
Key highlights from the Shareholder Report include:
-- The Company's flagship WellQuest health and wellness center in
Bentonville, Arkansas has now reached its seventh year of operations.
-- The Bentonville center continues to achieve an 85% customer retention
rate.
-- Legislators, insurers and employers have come to prioritize wellness
services. Insurers and employers have begun to reimburse wellness
programs, affirming that WellQuest has been leading a healthcare
trend.
-- Demand for WellQuest's services is increasing as the new healthcare
law will extend healthcare coverage to 30 million more Americans,
creating more demand for primary care physicians.
-- For the six months ended June 30, 2012, WellQuest reported revenues of
$2,053,492 and net income for the Bentonville site of $295,900.
Consolidated operating net income was $13,600.
-- WellQuest is now set to grow through replication of success. A new
site has been identified for the second WellQuest center to open in
2013 in Tulsa, Oklahoma. WellQuest hopes to continue growth through
replication beyond Bentonville and Tulsa.
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