Business Services Industry
Medical Makeover Corporation Completes Acquisition of Garden of Eden Skin Care, Inc
Business Wire, Feb 28, 2005
WEST PALM BEACH, Fla. -- Medical Makeover Corporation of America (OTCBB:MMAM) announced today that is has closed the transaction to purchase 100% of the stock of Garden of Eden Skin Care, Inc. (GES), an Aventura, Florida based full service aesthetic improvement and skin care business.
Under the terms of the agreement, MMAM has acquired all GES assets, including its existing client base of approximately 350 who regularly receive a broad range of non invasive, appearance improvement services from GES. MMAM plans to consolidate the operations of GES to MMAM's new Aventura location. "The GES organization has a strong reputation for delivering high quality services, and has a client retention rate well above the industry average. Integrating their client focus and service delivery system with MMAM will be a tremendous asset, and through integration, will allow us to reduce overhead costs. Completing this transaction positions the company to achieve its first quarter 2005 operational and financial targets," said Randy Baker, President and CEO of MMAM.
"Garden of Eden operations have reached the point where our ability to meet our clients growing demand for treatments was limited by our resources. We recognized that the opportunity to achieve our targets for growth would involve GES joining a larger entity. With the additional resources of MMAM, including an on staff Physician, we have the ability to provide the most sought after, profitable services in the industry today," said Ana Maria Wech, President of Garden of Eden Skin Care.
"We welcome the GES team and are excited at the opportunity to introduce MMAM products and medical based services to their clients. Built on our fundamental strategy of expansion through acquisition, which provides us an immediate opportunity to cross market services into the newly acquired client base, this organization is an excellent fit for us," concluded Mr. Baker.
About Medical Makeover Corporation of America. Medical Makeover Corporation of America is incorporated under the laws of the State of Delaware. The company provides medical grade "makeover" treatments in under an hour with a strong consumer-directed focus utilizing non-invasive technologies. Each center specializes in a wide variety of cosmetic procedures including treatments for wrinkles, enlarged pores, skin discoloration, unsightly blood vessels, sagging skin, unwanted hair, scars, cellulite, and acne with a focus on making the service delivery experience enjoyable and gratifying. MMAM is engaged in establishing a chain of these new generation aesthetic care centers throughout the United States and Canada.
For Investor Relations information, please call: 1-800-288-7499 or e-mail: info@dpmartin.com.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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