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ebaykamel

12/10/10 10:39 AM

#21021 RE: funinthesun #21020

From the press release dated 06/24.
As stated in an earlier press release, last month AcuMed finalized the sale of its "Spa within a Practice" subsidiary. The sale cleared over $450,000 in debt off of the company's books and significantly reduced its monthly operating expenses. The elimination of the debt has given the company a firm financial foundation, allowing it to run its operations in a much more fiscally sound manner and to carry out its business plan without the need to use equity sales to finance operations.
At the moment they are selling consumer care and beauty products until they venture into whatever business they plan to.