MDSP intends to acquire an additional five medspas in 2007 utilizing their brand conversion model. Their strategy is to acquire these operations through an assumption of necessary financial obligations, such as equipment and property leases accompanied by a nominal short-term purchase note.
Approximately $200,000 per acquisition will be made for brand conversion and an aggressive community-based marketing campaign.
The first year revenues of each acquisition will be approximately $750,000 per medspa with an approximate breakeven of $600,000 annual sales, growing to annual revenues of $1,800,000 in the third year.
Assuming the successful achievement of these goals for 2007, the company’s revenues are expected to be in excess of $2,000,000 by the end of the upcoming year with net operating profits expected to be 8% of sales.
More on this target rich company.
MedSpa of America
400 Perimeter Center Terraces, NE
Suite 900
Atlanta, GA 30346
Telephone: 770-804-6410
Investor Relations:
500 Australian Avenue S., Suite 700
West Palm Beach, FL 33401
Telephone: 561-514-0194
Email: info@dpmartin.com
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company’s public filings with the U.S. Securities and Exchange Commission (”Commission”), press releases and verbal statements that may be made by officers, directors or employees acting on Medspa’s behalf which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms “believes,” “belief,” “expects,” “plans,” “anticipates” and similar statements should be considered uncertain and forward looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company’s ability to meet capital needs and as further set forth in MedSpa public filings filed with the Commission and our releases.
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