WellQuest Issues Shareholder Report Announcing Growth and Profitability
August 20 2012 - 11:12AM
Marketwired
WellQuest Medical & Wellness Corporation (the "Company" or
"WellQuest") (PINKSHEETS: WEQL), delivering a unique model for
healthcare that helps customers get well, stay well, and look well,
has issued a Shareholder Report outlining the Company's
achievements for the six month period ended June 30, 2012.
Key highlights from the Shareholder Report include:
- The Company's flagship WellQuest health and wellness center in
Bentonville, Arkansas has now reached its seventh year of
operations.
- The Bentonville center continues to achieve an 85% customer
retention rate.
- Legislators, insurers and employers have come to prioritize
wellness services. Insurers and employers have begun to reimburse
wellness programs, affirming that WellQuest has been leading a
healthcare trend.
- Demand for WellQuest's services is increasing as the new
healthcare law will extend healthcare coverage to 30 million more
Americans, creating more demand for primary care physicians.
- For the six months ended June 30, 2012, WellQuest reported
revenues of $2,053,492 and net income for the Bentonville site of
$295,900. Consolidated operating net income was $13,600.
- WellQuest is now set to grow through replication of success. A
new site has been identified for the second WellQuest center to
open in 2013 in Tulsa, Oklahoma. WellQuest hopes to continue growth
through replication beyond Bentonville and Tulsa.
To view the Shareholder Report in full, please visit:
http://wellquestmedical.com/docs/ShareholdersReport.pdf.
About WellQuest Medical & Wellness
Corporation WellQuest offers its innovative concept in
healthcare delivery by integrating conventional and complementary
physician medicine with wellness, and aesthetic services in one
center, creating an effective environment for the pursuit and
maintenance of a healthy life. WellQuest's unique model for
healthcare helps customers get well, stay well, and look well.
Currently operating in Bentonville, Arkansas, WellQuest seeks to
open additional locations in the U.S.
Forward-Looking Statements This press
release contains "forward-looking statements" within the meaning of
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of
historical fact in this announcement are forward-looking
statements, including but not limited to, the Company's ability to
obtain the necessary financing to continue and expand operations,
to market its products and services in new markets and to offer
healthcare services at competitive pricing, anticipated revenue
from client visits; general economic conditions and other factors
detailed from time to time in the Company's filings with the United
States Securities and Exchange Commission and other regulatory
authorities. These statements include, without limitation,
statements regarding our ability to prepare the Company for growth;
the Company's planned expansions, and predictions and guidance
relating to the Company's future financial performance. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise
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Investor and Media Contact: Steve Swift President
918-361-4192
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