WellTek Subsidiary Expands International Distribution Network in Latin America
2010年1月20日 - 6:10AM
PRニュース・ワイアー (英語)
Grants Medical Exercise Centers International, Inc. Distribution
Rights to Market and Sell MedX Exercise and Rehabilitation
Equipment in Brazil, Colombia and Mexico ORLANDO, Fla., Jan. 19
/PRNewswire-FirstCall/ -- MedX, Ltd., a wholly owned subsidiary of
WellTek Incorporated (OTC:WTKN) (BULLETIN BOARD: WTKN) , a global
health, fitness and wellness company, today announced that it has
granted Medical Exercise Centers International, Inc. (MECI)
distribution rights to market and sell the Company's full line of
exercise and rehabilitation equipment in Brazil, Colombia and
Mexico. Established in 2000, MECI owns and operates its own
proprietary network of sports medicine and rehabilitation centers
in Spain and Venezuela and has served as a valued customer and
distributor of MedX products in those markets over the past decade.
Michael Sanchez, Chief Executive Officer of MECI, stated, "As a
former professional athlete, certified personal trainer and coach
of seven water ski world champions, I have made it my personal and
professional business to carefully research the sports medicine and
rehabilitation equipment market to discern the industry's best,
most technologically advanced solutions available. Quite simply, no
competitive offerings have ever been capable of matching MedX
machines in terms of functionality, manufacturing superiority,
enduring reliability and training outcomes. MECI has been proud to
feature MedX machines in our training centers and to serve as an
ardent, vocal advocate and distributor of the MedX equipment line
in the markets we serve. Given our ambitious growth plans in Latin
America, we intend to fully leverage our industry expertise and
experience with MedX to expand our collective share of the medical
rehab and physical fitness markets in this region." "An important
element of MedX's long term success lies in teaming with the right
distribution partners who are capable of promoting accelerated
market awareness and adoption of MedX's branded line of exercise
and medical machines in key geographic markets around the world,"
noted Larry Evans, President of MedX, Ltd. "For nearly 10 years,
Michael and his team at MECI have proven to be among our strongest
marketing allies outside of the United States. Consequently, we are
delighted that we have the opportunity to simultaneously enhance
our longstanding relationship with their Company while
collaborating with them to increase sales of our equipment in key
high growth markets in Latin America." MedX is credited for
pioneering an entirely new category in the medical rehabilitation
and fitness equipment sector: Medical Exercise Technology, which
combines functional testing and resistance exercise necessary to
restore and enhance health. MedX holds more than 30 patents on its
products, which are among the most researched of its kind in the
world. More than 75 peer-reviewed medical journal articles have
been published over the past 24 years confirming MedX's ability to
significantly 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. The proven success of MedX speaks for itself through a
"Who's Who" customer base comprised of professional sports teams;
colleges and universities - both domestic and abroad; government
agencies, including but not limited to every branch of the U.S.
Armed Forces, CIA, Department of Energy, Secret Service, FBI and
the Veterans Administration (numerous locations); Fortune 500
companies, such as General Motors and Tyson Foods; and hundreds of
medical rehabilitation hospitals and leading wellness centers
throughout North America and around the world. 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. The Company also
owns and operates lime Fitness, Inc., a high-end fitness and
exercise studio specializing in lifestyle fitness coaching designed
to facilitate life, image and mind enrichment. For more information
on the Company, please visit http://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. FOR MORE INFORMATION,
PLEASE CONTACT: Elite Financial Communications Group, LLC Dodi B.
Handy, President & CEO (Twitter: dodihandy) Kathy Addison, VP
of Elite Media Group (Twitter: kathyaddison) 407-585-1080 or via
email at DATASOURCE: WellTek Incorporated CONTACT: Dodi B. Handy,
President & CEO of Elite Financial Communications Group, LLC
(Twitter: dodihandy), or Kathy Addison, VP of Elite Media Group
(Twitter: kathyaddison), +1-407-585-1080, Web Site:
http://www.welltekinc.com/
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