Friday , January 06, 2006 12:05 ET
Jan 06, 2006 (M2 PRESSWIRE via COMTEX) -- The Emerging Stock Report is initiating coverage on MFC Development Corp. (OTCBB: MFCD) up 26% today. The Group's principal activities are to develop real estate properties and to provide financing and management services to medical practices. The real estate division of the Group conducts operations through its subsidiaries, Yolo Equities Corp and Highlands Pollution Control Corp, which own the interests in the parcels of real estate. The Group's medical division consists of three Limited Liability Companies, Nexus Garden City, LLC, FRM Court Street, LLC and Nexus Borough Park, LLC, which act as service organizations for providers of medical services and Medical Financial Corp., a wholly-owned subsidiary, which in the past, purchases unpaid medical insurance claims, paying cash to the medical provider in return for a negotiated fee.
In late November 2005 MFC announced that it had completed the acquisition of Worldwide Excellence, Inc. (WWE), a leading direct marketing and product branding company specializing in health, beauty, fitness, self-help and home consumer products based in Los Angeles, CA. WWE is in the business of building product "Brands" and has developed a successful proprietary formula that combines creativity and strategic analysis to maximize the lifetime value of its customers. WWE acquires the worldwide rights to unique and compelling products with broad consumer appeal. After completing thorough diligence for each project, a strategic marketing plan is implemented to exploit major channels of direct marketing and retail distribution including Internet, television, print, radio, electronic TV shopping, catalog, credit card syndication and mass merchandiser retail outlets.
Scheduled for launch this year are two new products. Youth Factor is a superior anti-wrinkle product that has had tremendous success utilizing the company's proprietary continuity model. The second product is Body Burner which is a rebounding and exercise product that is taking the country by storm. There has been a buzz in the fitness world with regard to rebounding and WWE 'jumped' on the opportunity to be one of the first-to-market utilizing with a rebounding product.
