WellTek Subsidiary Accelerates Global Expansion Strategy With Completion of Sale in New Zealand
2010年2月11日 - 6:05AM
PRニュース・ワイアー (英語)
ORLANDO, Fla., Feb. 10 /PRNewswire-FirstCall/ -- MedX Limited, the
manufacturer and global distributor of MedX®-branded medical
exercise and fitness equipment and a subsidiary of WellTek
Incorporated (OTC Bulletin Board: WTKN), today announced the
completion of its first sale in New Zealand, succeeding the sale of
227 MedX exercise and medical machines to customers in a diverse
list of countries, including Australia, Germany, India, Scotland,
South Korea, Spain and Switzerland. The recently sold MedX
equipment will be used in various medical rehabilitation and
fitness facilities throughout the aforementioned countries. "The
completion of this sale helps to further reinforce the fact that
our global expansion strategy is working," stated Larry Evans, MedX
President. "WellTek has been leveraging the well-trusted MedX brand
throughout the United States in key growth niche markets to drive
MedX sales in the domestic health, fitness and wellness industry.
However, our recent sales of equipment to a growing base of
international customers is part of our greater strategy to extend
the reach of our brand and materially increase our penetration of
the industry on a universal basis." Incorporated into every MedX
product is decades of experience and millions of dollars of
independent, university-based research. Its products achieve
training efficiency through resistance curves matched to tested and
proven strength profiles. About MedX Limited MedX, Ltd.
manufactures, markets and distributes exercise and medical
rehabilitation equipment to the medical and fitness markets. 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; features necessary to restore and enhance health by
effectively treating chronic neck and back pain. MedX holds more
than 30 patents on its products, which are among the most
researched in the world. Since Arthur Jones sold Nautilus in 1986
and devoted his career and money to cure back pain through his
creation of MedX, both the University of Florida School of Medicine
and the University of California in San Diego have been involved in
countless studies to validate the MedX products. In addition, 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. For more information, please
visit http://www.medxonline.com/. 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
(Twitter: dodihandy), or Kathy Addison, VP of Elite Media Group
(Twitter: kathyaddison), both of Elite Financial Communications
Group, LLC, +1-407-585-1080, Web Site: http://www.welltekinc.com/
Copyright