December 2nd, 2010
ORLANDO, Fl – December 2, 2010 – WellTek, Inc. (OTCBB:WTKN), a global health, fitness and wellness company, announced today that it plans to expand into the virtual event market, specializing in the healthcare and wellness niche, by launching a new wholly-owned company, WellTek Events, Inc. This next-generation virtual event platform will serve as the foundation in allowing WellTek and other brands to actively reach, engage and influence health and wellness conscious consumers with new and existing brand assets, technologies, products and services.
According to the Virtual Conference and Trade Show Market Study 2010-2015, the worldwide virtual conference and trade show market is forecasted to grow at a compound annual growth rate (CAGR) of 56% between the period of 2010 and 2015 and to generate $18.6 billion in revenues over the period 2010 – 2015. While the virtual event market is still in its infancy, WellTek intends to launch into the virtual event business.
WellTek Events is looking to become the industry leader in producing and delivering powerful virtual events for the healthcare and wellness market—linking exhibitors, attendees, and thought leaders together in a fully-immersive and engaging virtual environment.
Randy Lubinsky, Chairman and CEO of WellTek, stated “With over 40 years experience in the medical industry and interacting with physicians, we believe we can leverage our expertise to establish WellTek Events as the premiere company for virtual medical conferences and wellness events.”
In an effort to focus time and capital on WellTek Events, the company has decided to rescind the acquisition of its 51% interest in WellCity, Inc. As part of the rescission, 14,500,000 shares of WellTek common stock will be returned to WellTek and the financial position of both companies will return to that prior to the May 1, 2010 acquisition.
In addition, WellTek has also effectuated a 50 to 1 reverse split as of December 2, 2010 in order to facilitate raising additional growth capital.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides proven solutions to help address some of the world’s most pressing and costly health and wellness challenges. The Company owns and operates WellTek Events, Inc., a fully engaging virtual event platform specializing in the healthcare and wellness market. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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September 27th, 2010
WellCity Establishes WellCity Osmond Hearing Center
ORLANDO, Fl – September 27, 2010 – WellTek, Inc. (OTCBB:WTKN), a global health, fitness and wellness company, announced today that its subsidiary WellCity, the premier online destination for those into health and wellness, garnered early attention from celebrity Justin Osmond as the perfect platform to share his grandmother’s mission with the world. The Olive Osmond Perpetual Hearing Fund is the first of many charity organizations to be introduced in WellCity.
Within the next three months, WellCity will launch its online audiology ward – the WellCity Osmond Hearing Center – in its virtual Medical Center, where consumers will be able to purchase and experience industry-leading products and services for hearing loss. The Company has agreed to donate a portion of the proceeds from the WellCity Osmond Hearing Center to the Olive Osmond Perpetual Hearing Fund. In addition to this ward, the Well City Charity web page will have a ‘Donate Now’ feature where residents of WellCity can donate directly to The Olive Osmond Perpetual Hearing Fund. The Olive Osmond Perpetual Hearing Fund’s mission is to raise deaf awareness through research and education and bring the gift of hearing to underprivileged children all across the world. “It was my grandmother’s dream that the Osmond Foundation would dedicate all of its time and resources to help the deaf”, said Justin Osmond, Founder of the Olive Osmond Perpetual Hearing Fund. Continuing, he said “I am dedicated to fulfilling her dream and especially thrilled to partner with WellCity as we carry out this mission together.”
David George, Founder and CEO of WellCity, stated, “WellCity will be a platform to reach countless people in many significant ways. The WellCity Osmond Hearing Center is one of them. Justin is a real genuine guy whose own legacy will impact many generations to come. We are blessed to have this opportunity to work with Justin and support the Olive Osmond Perpetual Hearing Fund. WellCity can’t change the world tomorrow, but we are making a difference today.”
About the Olive Osmond Perpetual Hearing Fund
The mother of the famous singing Osmond’s, known affectionately world-wide as “Mother Osmond,” made a life-long commitment to supporting new research and innovation toward improving the quality of life for the hearing impaired. The journey began with the discovery that her two oldest sons Virl and Tom were severely hearing impaired. Merrill Osmond’s 2nd son, Justin, was born with the same severe and profound hearing sensorial-neural hearing loss from which his uncles suffered. The support and love of the original four singing Osmond Brothers was manifest when they began their career in order to raise money for the best hearing devices available for their brothers. Justin was very close to his grandmother Olive and loved hearing her stories about helping deaf children. Sensing her determination to aid the hearing impaired, Justin dedicated himself to continue her passion in building her dream to greater heights, thus the establishment of the ‘Olive Osmond Perpetual Hearing Fund’. Justin continues to carry on Olive’s legacy in helping provide the Gift of Better Hearing to children worldwide.
About WellCity Incorporated
WellCity is a social utility where health- and wellness-minded ‘residents’ can closely commune with one another; receive support, information and encouragement from their ‘neighbors’ and from a league of leading professional experts; shop for health and wellness-oriented product and services; compete in WellCity’s proprietary 90-Day Wellness Challenge; and even enjoy income opportunities by leveraging their personal network. For more information on the Company, please visit www.WellCity.com.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides proven solutions to help address some of the world’s most pressing and costly health and wellness challenges. The Company owns and operates WellCity, Inc., a premiere wellness-related social utility that helps ‘residents’ live happier, healthier, longer lives. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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September 13th, 2010
ORLANDO, Fl – September 13, 2010 – WellTek, Inc. (OTCBB:WTKN), a global health, fitness and wellness company, is please to provide its latest shareholder update, which includes company news and industry related updates. As the Company enters its third year, a new chapter unfolds at WellTek with the launch of its most recently acquired subsidiary, WellCity. WellTek is committed to enlightening and empowering people across the globe by delivering cutting-edge information, products and services through the WellCity platform, so consumers can make informed decisions concerning the new reality of health and wellness.
Despite the fact that the United States spends over a trillion dollars on health, the cost of our ‘health’ is spiraling out of control and is predicted, by the Health Care Financing Administration, to cost 16 trillion dollars by 2030. The health care system costs too much, it excludes far too many people and it does not promote real health or prevent disease.
“We’re very excited about the future of WellCity,” stated David George, Founder and CEO of WellCity. “People need to be educated and empowered, so they can take control over their own health. WellCity is a virtual city where those who are into health and wellness live. As WellCity is becoming a profitable social network, we have set our sights on becoming the most valuable web site for health and wellness consumers around the world.” WellCity’s initial growth strategy is based on increased revenue from product sales and its proprietary 90-Day Wellness Challenge.
90-Day Wellness Challenge
According to the National Center of Health Statistics, almost a third of the adults twenty years of age and over in the United States are obese. To help combat these alarming statistics, WellCity offers its proprietary 90-Day Wellness Challenge to consumers, corporations, public school systems and city and state government agencies to promote wellness through physical activity and proper nutrition.
Teams of up to 20 compete to win wellness points and prizes. After logging onto the Challenge’s secure social network, team members earn points for reportable metrics that include weight lost, inches lost, strength training, aerobic training, water intake and daily nutrition. ‘Residents’ create a user profile and connect with other team members, or ‘neighbors’, to share healthy tips and information on the town wall and provide crucial support, motivation and accountability to one another. The Challenge also features WellCity’s proprietary BOW Index-Balance of Wellness, an evidenced-based assessment of balance of mind, body and spirit.
WellCity Market™
Baby boomers, who drive half of the economy—$7 trillion dollars— are looking for longer better lives through wellness and they are willing to spend whatever it takes to get there. Similarly, deconditioned soccer moms who want to reclaim their health and fit bodies and business executives who lost their health while building their careers are also fueling the wellness growth. WellCity Market™ offers an array of products and services to help others live a more enriched life physically, spiritually and financially. The technology of online social networking provides the single most effective medium today for teaching people about new products and services. And, when wellness consumers find something that works for them, they typically become enthusiastic consumers of that product or service and become open to trying other wellness items.
Social Network
The WellCity social network serves as the vital foundation in allowing the Company to actively reach, engage and influence health and wellness conscious consumers with new and existing brand assets, technologies, products and services. WellCity provides ‘residents’ with unique tools, resources and an online community for real world support and connectivity.
The company is expecting the rate of growth to further accelerate in 2010. While a certain percentage of new ‘residents’ will directly contribute to the company’s bottom line by purchasing products or participating in the Challenge, each new resident adds value to the WellCity network by contributing support, information and encouragement to its ‘neighbors’. The value of the network grows stronger with each new ‘resident’: in new people and in trusted like-minded connections.
Randy Lubinsky, Chairman and CEO of WellTek, noted, “Our focus over the next few months will be predominately on WellCity, since it will be our most significant contributor of growth. More specifically, we plan to broaden the WellCity offering by teaming up with others who share our vision and business principles. An increasing number of people are falling victim to chronic disease and we are doing all that we can to help.”
About WellCity Incorporated
WellCity is a social utility where health- and wellness-minded ‘residents’ can closely commune with one another; receive support, information and encouragement from their ‘neighbors’ and from a league of leading professional experts; shop for health and wellness-oriented product and services; compete in WellCity’s proprietary 90-Day Wellness Challenge; and even enjoy income opportunities by leveraging their personal network. For more information on the Company, please visit www.WellCity.com.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides proven solutions to help address some of the world’s most pressing and costly health and wellness challenges. The Company owns and operates WellCity, Inc., a premiere wellness-related social utility that helps ‘residents’ live happier, healthier, longer lives. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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July 19th, 2010
WellCity Issues a ‘Call to Arms’ For All Network Marketers
ORLANDO, Fl – July 19, 2010 – WellCity, Inc. (www.WellCity.com), a wellness-related social network and subsidiary of WellTek, Inc. (OTCBB:WTKN), today announced it will host a national conference call on July 22, 2010 at 9:30 pm EST to present an important message from David George, CEO of WellCity.
The Company is rallying all network marketers to listen in on why WellCity is the single most effective medium today for creating optimum health and long-term wealth.
Subject: Important Message from David George, CEO of WellCity
Date: Thursday, July 22, 2010
Time: 9:30 pm EST
Telephone Dial In: 1-760-569-7676
Access Code: 239460#
Self Mute/Unmute: *6
Skype Dial In: Add freeconferencecallhd.7676 to your Skype contacts Use the Skype Dial Pad to enter the Access Code: 239460# Self Mute/Unmute *6 Note: Using Skype for these calls has additional steps than a standard Skype call.
To locate the Skype keypad to enter your access code when calling the conference, select the contact first and then the green Dial button. In the same area as the Dial button, next to the volume to the right, you will see a round drop down icon. Click on the icon and select Display Keypad from the drop down menu. After the call is connected, wait for the prompt and enter your access code using the Skype keypad followed by the # key.
About WellCity Incorporated
WellCity is a social utility where health- and wellness-minded ‘residents’ can closely commune with one another; receive support, information and encouragement from their ‘neighbors’ and from a league of leading professional experts; shop for health and wellness-oriented product and services; compete in WellCity’s proprietary 90-Day Wellness Challenge; and even enjoy income opportunities by leveraging their personal network. For more information on the Company, please visit www.WellCity.com.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides proven solutions to help address some of the world’s most pressing and costly health and wellness challenges. The Company owns and operates WellCity, Inc., a premiere wellness-related social utility that helps ‘residents’ live longer, feel better, look younger and enjoy life more as they age. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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July 15th, 2010
WellCity Establishes Launch Pad for Rapid Expansion
ORLANDO, Fl – July 15, 2010 – WellCity, Inc. (www.WellCity.com), a wellness-related social network and subsidiary of WellTek, Inc. (OTCBB:WTKN), today announced a strategic partnership with XOOMA Worldwide (www.XoomaWorldwide.com), a global network marketing company, in which the two companies have collaborated to bring more than 200,000 new users, cutting edge wellness products, a robust infrastructure and a major distribution system into WellCity. The agreement serves as a catalyst for both companies to carry out its rapid expansion plans.
As part of the relationship, XOOMA will provide exclusive support with product distribution and logistics, one of XOOMA’s strongest assets. The two companies also agreed to work on future product development together.
”Our collaboration with WellCity is about joining our global mission of Changing the Health of a Generation with a true innovator in social networking,” said Ron Howell, President and CEO of XOOMA Worldwide. “We believe that the combination of WellCity and XOOMA’s strengths will be incredibly attractive to our distributors as well as WellCity ‘residents’.”
Randy Lubinsky, Chairman and CEO of WellTek, noted, “XOOMA provides WellCity with an immediate global platform and 200,000 new ‘residents’; exposing us to a much larger audience. It’s a global brand that people already recognize.” Lubinsky continued, “The superiority of XOOMA products is consistent with the Gold Standard of our other brands. Partnering with XOOMA is a natural progression to our tactical expansion initiative and integrates well into WellTek’s growing portfolio of trusted health, fitness and wellness brands.”
About XOOMA Worldwide
XOOMA Worldwide is a global network marketing company distributing cutting edge health and wellness products: including vitamins and minerals, functional health beverages and weight loss and skin care products to over 60 countries around the world. XOOMA’s Scientific Advisory Board provides education and guidance on health related topics and peer-reviewed scientifically supported nutritional applications for prevention and optimal health support.
About WellCity Incorporated
WellCity is a social utility where health- and wellness-minded ‘residents’ can closely commune with one another; receive support, information and encouragement from their ‘neighbors’ and from a league of leading professional experts; shop for health and wellness-oriented product and services; compete in WellCity’s proprietary 90-Day Wellness Challenge; and even enjoy income opportunities by leveraging their personal network. For more information on the Company, please visit www.WellCity.com.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides proven solutions to help address some of the world’s most pressing and costly health and wellness challenges. The Company owns and operates WellCity, Inc., a premiere wellness-related social utility that helps ‘residents’ live longer, feel better, look younger and enjoy life more as they age. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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July 13th, 2010
WellCity Monetizes the Use of Social Networking for ‘Residents’
ORLANDO, Fl – July 13, 2010 – WellCity, Inc. (www.WellCity.com), a wellness-related social network and subsidiary of WellTek, Inc. (OTCBB:WTKN), today unveiled WellCity Market™, it’s network marketing platform, calling all consumers and network marketers to be one of the first to join this ground-breaking opportunity to create optimum health and long-term wealth by getting social inside WellCity.
“Until now, social network users have had no way to leverage their personal network as a direct income opportunity. Today, we’ve changed that,” said David George, CEO of WellCity. “We are the first social network to offer actual money to its users. With the integration of WellCity Market, our WellCity ‘residents’ have an unprecedented opportunity to help others achieve optimal health, while they earn income from the purchases made by their network of family and friends or ‘neighbors’. It’s a simple idea: users get paid every time their ‘neighbors’ make a purchase inside WellCity Market.”
WellCity Market offers a breadth of natural products to help others live a more enriched life physically, spiritually and financially. The technology of online social networking provides the single most effective medium today for creating long-term wealth and for teaching people about new products and services that help people feel better, lose weight, prevent disease and become younger and stronger even as people grow older.
According to world-renowned economist, Paul Zane Pilzer, the emerging Wellness Industry has quickly become the hottest trend in the world today and it is predicted to reach $1 trillion by 2012. Furthermore, according to Direct Selling News, well over $70 billion dollars in revenue was generated in 2009 by the top 100 network marketing companies. “The convergence of the Wellness Industry with Network Marketing and Social Networking provides an extraordinary opportunity for our residents in WellCity, as well our shareholders; we are creating the perfect storm of opportunity,” said Randy Lubinsky, Chairman and CEO of WellTek. “It’s comparable to merging Amway with Facebook.”
About WellCity Incorporated
WellCity is a social utility where health- and wellness-minded ‘residents’ can closely commune with one another; receive support, information and encouragement from their ‘neighbors’ and from a league of leading professional experts; shop for health and wellness-oriented product and services; compete in WellCity’s proprietary 90-Day Wellness Challenge; and even enjoy income opportunities by leveraging their personal network. For more information on the Company, please visit www.WellCity.com.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides proven solutions to help address some of the world’s most pressing and costly health and wellness challenges. The Company owns and operates WellCity, Inc., a premiere wellness-related social utility that helps ‘residents’ live happier, healthier, longer lives. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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July 7th, 2010
Results Are In with 1500+ Participants and 57 Teams Competing
ORLANDO, Fl – July 07, 2010 – WellCity, Inc. (www.WellCity.com), a wellness-related social network and subsidiary of WellTek, Inc. (OTCBB:WTKN), today announced the latest winner of its proprietary 90-Day Wellness Challenge™ — Fairview Middle School of Williamson County, Tennessee. The Challenge, which began several months ago with more than 1500 competitors participating on 57 teams from the Williamson County school district, has led to the shedding of thousands of pounds and a new school spirit fueled by ‘healthy competition.’
With a goal of promoting wellness through physical activity and proper nutrition, WellCity’s 90-Day Challenge is a competitive team-driven initiative paid for by employers and corporate sponsors and hosted on WellCity.com. Teams of up to 20 compete to win cash and prizes – and, of course, bragging rights. After logging onto the Challenge’s secure social networking site, team members earn points for reportable metrics that include weight lost, inches lost, strength training, aerobic training, water intake and daily nutrition. Similar to Facebook and other popular social networks, participants create a user profile and connect with other team members, or ‘neighbors,’ to share healthy tips and information on the town wall and provide crucial support, motivation and accountability to one another. The Challenge also features WellCity’s proprietary BOW Index-Balance of Wellness, an evidenced-based assessment of balance of mind, body and spirit.
David George, CEO and Founder of WellCity, stated, “In WellCity, our residents enjoy a true sense of community where they can find the tools, professional resources and interactive peer support essential to building long lasting, healthy habits and an enhanced quality of life. The unique thing about our 90-Day Challenge is how engaging and effective it is; the competitive aspect introduces an entirely new level of fun, focus and interpersonal accountability, encouraging everyone to try harder to beat the other teams – no one wants to let their team down.”
“We were taken aback by the overwhelming interest in and participation from teachers and school administrators in Williamson County. Moreover, we were especially impressed by the number of local businesses that eagerly stepped up to sponsor them, including Whole Foods in Franklin, Tennessee,” noted Randy Lubinsky, Chairman and CEO of parent company WellTek. “With numerous 90-Day Challenges currently underway across the nation and dozens more expected to kick off within the next several months, WellCity’s revenue growth potential appears to be even more robust than we had originally hoped when we acquired our controlling interest in the Company just last month.”
To join the Challenge, visit www.OurWellnessChallenge.com.
About WellCity Incorporated
WellCity is a social utility where health- and wellness-minded ‘residents’ can closely commune with one another; receive support, information and encouragement from their ‘neighbors’ and from a league of leading professional experts; shop for health and wellness-oriented product and services; compete in WellCity’s proprietary 90-Day Wellness Challenge; and even enjoy income opportunities by leveraging their personal network. For more information on the Company, please visit www.WellCity.com.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides proven solutions to help address some of the world’s most pressing and costly health and wellness challenges. The Company owns and operates WellCity, Inc., a premiere wellness-related social utility that helps ‘residents’ live longer, feel better, look younger and enjoy life more as they age. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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June 2nd, 2010
Triggers Next Critical Growth Phase of WellTek’s Long Term Business-Building Strategy
ORLANDO, Fl – June 2, 2010 – WellTek, Inc. (OTCBB:WTKN), a global health, fitness and wellness company, today announced that it has acquired a 51% controlling interest in WellCity, Inc. Established in 2008 and based in Brentwood, Tennessee, WellCity has created a rich and highly experiential online social network that is destined to become a global web destination of choice for individuals seeking interactive and individualized health, wellness and fitness solutions, in addition to inspiration, real world perspective and peer connectivity.
Randy Lubinsky, Chairman and CEO of WellTek, noted, “WellCity represents an important tactical expansion initiative for WellTek, triggering the next critical growth phase of our Company’s long term, business-building strategy. More specifically, WellCity provides us with an established social networking platform that can be best leveraged to attract and engage our target audiences – consumers, corporate wellness partners and healthcare professionals – all of whom can benefit from WellTek’s growing portfolio of trusted health, fitness and wellness products and services.”
Located on the Internet at www.WellCity.com, WellCity has created an online virtual community where health- and wellness-minded ‘residents’ can closely commune with one another; receive support, information and encouragement from a league of leading professional experts in the fields of behavioral science, nutrition, medicine and specialized healthcare; shop for health and wellness-oriented products and services; access the latest industry news and information; and even compete in employer-sponsored wellness challenges pursuant to WellCity’s proprietary 90-Day Wellness Challenge™ currently being implemented by corporations, public school systems and city and state government agencies throughout the U.S.
WellCity has built a proven, entrepreneurial team of business, sales, marketing, healthcare and technology professionals, led by the Company’s President Robert Bellamy. Commenting on the merger with WellTek, Bellamy stated, “The advent of online social networking with a focus on life balance and overall health and wellness is proving to have profound and positive impact on the quality of life for millions of people worldwide. In fact, the more connected people are, the healthier they tend to be. Recent studies have repeatedly shown that the number and quality of people’s online relationships affects many aspects of well being, including longevity, cancer survival and risks for and recovery from post-traumatic stress disorder, addictions and depression. WellCity intends to play a meaningful role in enabling this phenomenon, and build a successful, high growth business in the process.”
Continuing, Bellamy added, “With development of WellCity completed and our near term growth objectives in clear view, we arrived at a point where we understood that our full potential could only be realized by teaming with others who shared our vision and business principles, and also brought to the table certain key complementary strengths and skills that we lacked. In all respects, WellTek represents an ideal fit for WellCity and brings us – among other vital benefits – advanced expertise in capital formation strategies and direct access to the capital markets.We are very pleased to be joining the WellTek family and expect that WellCity will prove to be a significant contributor of growth and value creation for WellTek as we progress our business plan.”
Pursuant to the Stock Purchase Agreement with WellCity, WellTek has acquired a 51% controlling ownership stake in WellCity in a transaction providing for the issuance of 14.5 million restricted shares of WellTek’s common stock. WellCity, Inc., operating as a majority-owned subsidiary of WellTek, will maintain its business operations in Brentwood, Tennessee.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world’s most pressing and costly health challenges—obesity and chronic neck and back pain. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets.Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable nonsurgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
Randy Lubinsky, Chairman and CEO of WellTek, noted, “WellCity represents an important tactical expansion
initiative for WellTek, triggering the next critical growth phase of our Company’s long term, business-building
strategy. More specifically, WellCity provides us with an established social networking platform that can be
best leveraged to attract and engage our target audiences – consumers, corporate wellness partners and
healthcare professionals – all of whom can benefit from WellTek’s growing portfolio of trusted health, fitness and
wellness products and services.”
Located on the Internet at www.WellCity.com, WellCity has created an online virtual community where health- and
wellness-minded ‘residents’ can closely commune with one another; receive support, information and
encouragement from a league of leading professional experts in the fields of behavioral science, nutrition, medicine
and specialized healthcare; shop for health and wellness-oriented products and services; access the latest industry
news and information; and even compete in employer-sponsored wellness challenges pursuant to WellCity’s
proprietary 90-Day Wellness Challenge™ currently being implemented by corporations, public school systems and
city and state government agencies throughout the U.S.
WellCity has built a proven, entrepreneurial team of business, sales, marketing, healthcare and technology
professionals, led by the Company’s President Robert Bellamy. Commenting on the merger with WellTek, Bellamy
stated, “The advent of online social networking with a focus on life balance and overall health and wellness is
proving to have profound and positive impact on the quality of life for millions of people worldwide. In fact, the
more connected people are, the healthier they tend to be. Recent studies have repeatedly shown that the
number and quality of people’s online relationships affects many aspects of well being, including longevity, cancer
survival and risks for and recovery from post-traumatic stress disorder, addictions and depression. WellCity intends to
play a meaningful role in enabling this phenomenon, and build a successful, high growth business in the process.”
Continuing, Bellamy added, “With development of WellCity completed and our near term growth objectives in
clear view, we arrived at a point where we understood that our full potential could only be realized by teaming with
others who shared our vision and business principles, and also brought to the table certain key complementary
Page 1 of 2 Page 2 of 2
strengths and skills that we lacked. In all respects, WellTek represents an ideal fit for WellCity and brings us – among
other vital benefits – advanced expertise in capital formation strategies and direct access to the capital markets.
We are very pleased to be joining the WellTek family and expect that WellCity will prove to be a significant
contributor of growth and value creation for WellTek as we progress our business plan.”
Pursuant to the Stock Purchase Agreement with WellCity, WellTek has acquired a 51% controlling ownership
stake in WellCity in a transaction providing for the issuance of 14.5 million restricted shares of WellTek’s common
stock. WellCity, Inc., operating as a majority-owned subsidiary of WellTek, will maintain its business operations in
Brentwood, Tennessee.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world’s
most pressing and costly health challenges—obesity and chronic neck and back pain. The Company’s subsidiary,
MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the
medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining
healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable nonsurgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more
information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements
as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and
risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results
to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions
within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no
assurance that actual results will not differ materially from their expectations. Important factors currently known to
management that could cause actual results to differ materially from those in forward-looking statements include the
Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business
model, the ability to attract and retain personnel – including highly qualified executives, management and operational
personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a
diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties,
there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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May 27th, 2010
ORLANDO, Fl – May 27, 2010 – According to a report recently published in the Archives of Internal Medicine, one of the JAMA/Archives journals, researchers note that there are four healthy lifestyle factors that can result in up to as much as an 80% reduction in the risk of developing the most common and deadly chronic diseases: maintaining a healthy weight, exercising regularly, following a healthy diet and never smoking. Nonetheless, the cost of treating obesity-related medical problems, alone, reached $147 billion in 2009, thus making obesity an alarming national public health concern requiring a multi-faceted, multi-channel community- and corporate-based approach to effectively address the problem. Moreover, The Washington Post reports that Medicare beneficiaries with multiple chronic illnesses currently see an average of 13 different physicians, fill 50 different prescriptions annually and are 100 times more likely to have an avoidable hospitalization than someone with no chronic conditions.
WellTek Inc. (OTCBB: WLTK), a global health, fitness and wellness company, today detailed its plans for executing a series of complementary business strategies designed to build and support a robust portfolio of best-of-breed medical, rehabilitation and fitness brands, technologies and services. With specific concentration on high growth, emerging market sectors being fueled by the global health and wellness movement, the Company is developing or acquiring businesses that it believes will play a definitive role in empowering consumers to live healthier, happier, longer lives and, as a result, drive down the cost of healthcare.
Randy Lubinsky, Chairman and CEO of WellTek, stated, “If current trends hold, 86% of the adult American population will be overweight or obese by 2030, and childhood obesity rates will hit 40% in less than two years. Consequently, the cost to our nation’s healthcare system will spiral even further out of control and the quality and longitude of life for Americans will be severely compromised due to the rise in the numbers suffering from preventable chronic and severe ailments and diseases. ”
“More must be done now to arrest the rise in these costs and statistics – and WellTek is well poised, primed and ready to provide necessary industry leadership and the solutions to help reverse these deadly trends.” Continuing, he said, “WellTek’s management team has spent the last year carefully scrutinizing prevailing market perceptions as well as emerging business and consumer trends to better understand the challenges and opportunities inherent in today’s booming health and wellness environment. The notion that rapid weight loss can be achieved and sustained through quick-fix diet programs and/or over-the-counter diet pills has begun to give way to a new way of mainstream thinking that engages adherence to a balanced diet, enjoying an active lifestyle and fully leveraging peer support and social interaction to achieve one’s personal health and wellness goals. We believe that herein lies numerous and compelling high-growth opportunities for WellTek to equip people with meaningful wellness information, tools and solutions necessary to support them.”
“Thanks in large part to the widespread use of the Internet and, more specifically wellness-focused social networking sites, peer counseling in online communities is expanding exponentially and helping to change the way that people approach and manage their daily health and fitness regimens. Consequently, WellTek has been actively exploring opportunities to develop or acquire an existing online social networking platform that will allow us to actively reach, engage and team with consumers, strategic corporate partners and health and wellness professionals. This online platform will serve as a vital element of WellTek’s going forward business strategy and will ultimately provide us with the means to fully optimize our existing MedX and PureHealthy Back brand assets, products and services to aggressively promote revenue and earnings growth at our Company, increase shareholder value and allow us to have a positive – and perhaps even profound – impact on the quality of lives of millions of Americans,” added Lubinsky.
Page 1 of 2
Page 2 of 2
Concluding, he said, “This is an ambitious undertaking for WellTek, but one we are well suited and highly committed to tackling. In the coming weeks, we look forward to announcing further more detailed information relating to this exciting expansion strategy.”
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world’s most pressing and costly health challenges—obesity and chronic neck and back pain. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
WellTek Inc. (OTCBB: WLTK), a global health, fitness and wellness company, today detailed its plans for executing a series of complementary business strategies designed to build and support a robust portfolio of best-of-breed medical, rehabilitation and fitness brands, technologies and services. With specific concentration on high growth, emerging market sectors being fueled by the global health and wellness movement, the Company is developing or acquiring businesses that it believes will play a definitive role in empowering consumers to live healthier, happier, longer lives and, as a result, drive down the cost of healthcare.
Randy Lubinsky, Chairman and CEO of WellTek, stated, “If current trends hold, 86% of the adult American population will be overweight or obese by 2030, and childhood obesity rates will hit 40% in less than two years. Consequently, the cost to our nation’s healthcare system will spiral even further out of control and the quality and longitude of life for Americans will be severely compromised due to the rise in the numbers suffering from preventable chronic and severe ailments and diseases. ”
“More must be done now to arrest the rise in these costs and statistics – and WellTek is well poised, primed and ready to provide necessary industry leadership and the solutions to help reverse these deadly trends.” Continuing, he said, “WellTek’s management team has spent the last year carefully scrutinizing prevailing market perceptions as well as emerging business and consumer trends to better understand the challenges and opportunities inherent in today’s booming health and wellness environment. The notion that rapid weight loss can be achieved and sustained through quick-fix diet programs and/or over-the-counter diet pills has begun to give way to a new way of mainstream thinking that engages adherence to a balanced diet, enjoying an active lifestyle and fully leveraging peer support and social interaction to achieve one’s personal health and wellness goals. We believe that herein lies numerous and compelling high-growth opportunities for WellTek to equip people with meaningful wellness information, tools and solutions necessary to support them.”
“Thanks in large part to the widespread use of the Internet and, more specifically wellness-focused social networking sites, peer counseling in online communities is expanding exponentially and helping to change the way that people approach and manage their daily health and fitness regimens. Consequently, WellTek has been actively exploring opportunities to develop or acquire an existing online social networking platform that will allow us to actively reach, engage and team with consumers, strategic corporate partners and health and wellness professionals. This online platform will serve as a vital element of WellTek’s going forward business strategy and will ultimately provide us with the means to fully optimize our existing MedX and PureHealthy Back brand assets, products and services to aggressively promote revenue and earnings growth at our Company, increase shareholder value and allow us to have a positive – and perhaps even profound – impact on the quality of lives of millions of Americans,” added Lubinsky.
Concluding, he said, “This is an ambitious undertaking for WellTek, but one we are well suited and highly committed to tackling. In the coming weeks, we look forward to announcing further more detailed information relating to this exciting expansion strategy.”
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world’s most pressing and costly health challenges—obesity and chronic neck and back pain. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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May 20th, 2010
The CE Credit Approved Spine Strong/MedX Rehab Seminar Will Launch in Clearwater, Florida on Saturday, May 22, 2010; 17 Cities to Follow Through Year-End
ORLANDO, Fl – May 20, 2010 – WellTek, Inc.(OTCBB:WTKN), a global health, fitness and wellness company, today announced that the Company and its wholly owned subsidiary MedX, Ltd., in association with Spine Strong Centers of America, will be sponsoring a national instructional seminar series prominently featuring the MedX® line of medical and exercise equipment. The CE credit approved seminar will be hosted in 18 cities across the U.S. through the end of this year and is open to all healthcare professionals seeking advanced instruction on a wide range of topics related to the effective treatment and rehabilitation of chronic and severe back and neck pain.
The instructional seminar series will be delivered by noted industry thought leader and spinal rehab technology expert Frank Liberti, D.C., Chief Executive Officer of Spinal Aid Centers. The first event will be held at Dr. Liberti’s practice located at 29750 U.S. Highway 19 N., Suite 300, in Clearwater, Florida on Saturday, May 22, 2010. There is no cost to participate, but pre-registration is required.
In addition to receiving instruction on the Chiropractic Rehab Association’s protocol for spinal rehab, participants will also be introduced to the MedX line of equipment and be instructed on its proper use and many patient and provider benefits. WellTek has agreed to offer a special promotional discount on all MedX equipment to attendees who complete the day-long seminar.
Beginning in June and continuing through early December, the seminar will travel to Chicago, Illinois; Seattle, Washington; Houston, Texas; Atlanta, Georgia; Orange County, California; Indianapolis, Indiana; Nashville, Tennessee; San Francisco, California; Columbus, Ohio; Phoenix, Arizona; St. Louis, Missouri; Philadelphia, Pennsylvania; Fort Lauderdale, Florida; and Dallas, Texas.
To register for the first seminar in Clearwater, or to receive details relating to future seminar dates, venues and registration information, please call Spine Strong Centers of America at 727-520-3961; or log onto www.spinestrongrehab.com, click on “Physican Access” at the top of the home page, and enter the passcode “success” in the noted field. As mentioned above, there is no cost to attend, but seating is limited, thus pre-registration is required.
About MedX Limited
MedX is widely recognized as the definitive gold standard for treating and reducing chronic back pain and dysfunction through specific spinal strengthening. Over the last 24 years, the Universities of Florida and California at San Diego, along with various orthopedic clinics around the world, have published more than 75 articles in peer-reviewed journals and industry publications confirming MedX’s ability to materially decrease chronic spine-related pain issues, restore spinal function, improve quality of life and independence, and decrease or eliminate the need for ongoing spinal care or pain management – even after multiple failed attempts at other forms of treatment. Since its market introduction in 1986, MedX exercise and rehabilitation equipment has been sold to customers in all 50 states and around the world. The medical and exercise machines can be found in hospitals, rehabilitation and wellness centers, colleges and universities, professional sports teams’ training facilities, on military bases and within several state and federal government agencies.
Page 1 of 2
Page 2 of 2
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world’s most pressing and costly health challenges—obesity and chronic neck and back pain. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
The instructional seminar series will be delivered by noted industry thought leader and spinal rehab technology expert Frank Liberti, D.C., Chief Executive Officer of Spinal Aid Centers. The first event will be held at Dr. Liberti’s practice located at 29750 U.S. Highway 19 N., Suite 300, in Clearwater, Florida on Saturday, May 22, 2010. There is no cost to participate, but pre-registration is required.
In addition to receiving instruction on the Chiropractic Rehab Association’s protocol for spinal rehab, participants will also be introduced to the MedX line of equipment and be instructed on its proper use and many patient and provider benefits. WellTek has agreed to offer a special promotional discount on all MedX equipment to attendees who complete the day-long seminar.
Beginning in June and continuing through early December, the seminar will travel to Chicago, Illinois; Seattle, Washington; Houston, Texas; Atlanta, Georgia; Orange County, California; Indianapolis, Indiana; Nashville, Tennessee; San Francisco, California; Columbus, Ohio; Phoenix, Arizona; St. Louis, Missouri; Philadelphia, Pennsylvania; Fort Lauderdale, Florida; and Dallas, Texas.
To register for the first seminar in Clearwater, or to receive details relating to future seminar dates, venues and registration information, please call Spine Strong Centers of America at 727-520-3961; or log onto www.spinestrongrehab.com, click on “Physican Access” at the top of the home page, and enter the passcode “success” in the noted field. As mentioned above, there is no cost to attend, but seating is limited, thus pre-registration is required.
About MedX Limited
MedX is widely recognized as the definitive gold standard for treating and reducing chronic back pain and dysfunction through specific spinal strengthening. Over the last 24 years, the Universities of Florida and California at San Diego, along with various orthopedic clinics around the world, have published more than 75 articles in peer-reviewed journals and industry publications confirming MedX’s ability to materially decrease chronic spine-related pain issues, restore spinal function, improve quality of life and independence, and decrease or eliminate the need for ongoing spinal care or pain management – even after multiple failed attempts at other forms of treatment. Since its market introduction in 1986, MedX exercise and rehabilitation equipment has been sold to customers in all 50 states and around the world. The medical and exercise machines can be found in hospitals, rehabilitation and wellness centers, colleges and universities, professional sports teams’ training facilities, on military bases and within several state and federal government agencies.
About WellTek Incorporated
WellTek is a global health, fitness and wellness company that provides solutions to help address some of the world’s most pressing and costly health challenges—obesity and chronic neck and back pain. The Company’s subsidiary, MedX Limited, manufactures, markets and distributes the most advanced medical exercise equipment to the medical and fitness markets. Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. For more information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective Company’s Securities and Exchange Commission filings, that may cause actual results to materially differ from projections. Although the Company believes that its expectations are reasonable assumptions within the bounds of its knowledge of its businesses, expectations, representations and operations, there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the Company’s ability to execute properly its business model, to raise additional capital to implement its continuing business model, the ability to attract and retain personnel – including highly qualified executives, management and operational personnel, ability to negotiate favorable future debt facilities and capital raises, and the inherent risk associated with a diversified business to achieve and maintain positive cash flow and net profitability. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this press release will, in fact, occur.
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