MedSpa has an unending demographic supply of customers. 12,000 Americans turn 50 every day (1 every 8 seconds) and this will continue for the next 20 years Americans over 55 will grow by 60% in the next 20 years and their buying power will exceed $2 trillion by 2007. MedSpa has targeted the approximately 75 million strong baby boomers which are the single largest buying group in the US today.
The baby-boomers now make up 51% of the total U.S. population and they control 75% of the country’s wealth. As a group, they are well educated, with 87 percent being high school graduates and one in four a college graduate. They are the wealthiest, most sophisticated purchasers in the US.
While baby boomers are largely considered the main target medspa consumers, the variety of treatments and services available in medspas expand this consumer base even further. Procedures like Laser Hair Removal, Acne Programs, Deep Tissue Facials and non-surgical Cellulite Treatments attract men and women well outside the baby boomer bracket.
Other Economic Data
80 million people in the U.S. spend $500 million annually in hair removal procedures like waxing, shaving, and accessories. Over 1 million women spend over $1 billion each year on electrolysis and lasers. Ethnic markets in the U.S. spent $1.5 billion in health and beauty products in 2003.
More on this target rich company later.
Source: MedSpas of America, Inc.
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.
Disclosure: Pentony Enterprises LLC was compensated $21,000 from a non-controlling third party for profile coverage. Pentony Enterprises is not a registered investment advisers or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (214) 458-4258. Web: StockGuru.com. Email: Publisher@stockguru.com .