DALLAS, Texas - - June 15, 2006--MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB:WNSH.OB - News), today announced that it has successfully assisted in the landing of a $500,000 financial package for the opening of a new medspa to be located in Atlantic Station.
Contact:
Investor Relations
214-459-8245
or visit company website:
http://www.winstedholdings.com/
MedSpa Solutions Successfully Secures Financial Package And Location For Atlanta Physician
DALLAS, Texas - - June 15, 2006--MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB:WNSH.OB - News), today announced that it has successfully assisted in the landing of a $500,000 financial package for the opening of a new medspa to be located in Atlantic Station. Business financial planning and real estate location search were part of the services provided to the client as part of the comprehensive consultancy contract awarded by a physician in Atlanta, Georgia.
Excerpt from New York Times 5/24/2006 - Atlantic Station Continues to Take Shape and Exceed Expectations as Construction Passes Halfway Point
A city rising within a city, the 138-acre mixed-use Atlantic Station on a once-polluted steel mill site in Midtown Atlanta is exceeding many expectations, reports New York Times real estate writer Lisa Chamberlain, quoting Georgia Institute of Technology Associate Dean of Architecture Douglas C. Allen, who says, ''There's a serious attempt to create some form of urbanity out of a relic of another world.''
Conceived by Atlanta-based Jacoby Development Inc. President James F. Jacoby in 1996 and just half completed, Atlantic Station now appears somewhat ''over programmed'' to Professor Allen, but he is confident ''it will get better over time, especially as it's fully built out.'' It will then offer 5,000 residential units, from luxury condos to less-costly town houses and apartments; 6 million square feet of Class A offices; 2 million square feet of retail and entertainment space; 1,000 hotel rooms; and 11 acres of public parks.
Its three distinctive areas taking shape are the District, or the town center with a mix of offices, retail and lofts; the Commons, mostly with residential towers; and the Village, with low-rise housing and an Ikea store.
Much of the District's commercial development sits atop a 15,000-slot parking structure that is part of the environmental remediation cap, the writer finds, noting that U.S. EPA certified the former brownfield as safe for construction in December 2001.
The project's biggest investor is the American International Group (AIG), whose Global Real Estate Corporation President Kevin P. Fitzpatrick credits James F. Jacoby for envisioning and working out the site's redevelopment potential, saying, ''Many developers passed it up until Jim got it to the point where we could see some economic value.'' And now both companies partner for similar development elsewhere, including a large waterfront project in Cincinnati, Ohio.
''There are other opportunities to export what we've learned to places with the same characteristics that Atlanta has: a growing economy, a high percentage of educated population, opportunity for public-private partnerships,'' stresses Atlantic Station design and development vice president Brian Leary. ''It's not about replicating one building; it's about building a whole community.''
“We’re excited about the prospect of our entrepreneurial physician client opening a new medspa in Atlantic Station,” stated Winsted CEO Mark Ellis. “Upon visiting their website (http://www.atlanticstation.com/home.php), you can’t help being caught up in the anticipation of great things to come. We’re glad to have assisted in securing the necessary finances to open a first rate medspa and enough cash resources to make life a little easier for a brand new medspa. Making sure the client has an ideal location in a fertile market place and properly capitalized, is what we do best. With our guidance, the new medspa has half the battle won before opening its doors.”
About MedSpa Solutions Inc.
MedSpa Solutions Inc. of Irvine, California is a wholly owned subsidiary of Winsted Holdings Inc. (WNSH.OB). 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
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s email address is being protected from spam bots, you need Javascript enabled to view it Additional information can also be found at http://www.medspasolutions.com/.
About Winsted Holdings, Inc.
Winsted Holdings Inc. (OTC BB:WNSH.OB - News) 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.
For additional information call:
Investor Relations
214-459-8245
or visit company website:
http://www.winstedholdings.com
Source: Winsted Holdings
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About the Press Release
DALLAS, Texas - - June 15, 2006--MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTC BB:WNSH.OB - News), today announced that it has successfully assisted in the landing of a $500,000 financial package for the opening of a new medspa to be located in Atlantic Station.
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