WellTek Announces Additions to MedX Leadership Team
25 Enero 2010 - 9:39AM
PR Newswire (US)
ORLANDO, Fla., Jan. 25 /PRNewswire-FirstCall/ -- WellTek
Incorporated (OTC Bulletin Board: WTKN), a global health, fitness
and wellness company, today announced new appointments to the
executive management team of its subsidiary company, MedX Limited.
Lawrence Evans, who served as President, CEO and Chairman of MedX
from 1994 through 1998, returns to the Company as its President.
Also returning to the leadership team as VP of Product Development
is Clay Steffee, who previously led equipment design and
development at MedX from 1995 through 1998. Commenting on the
appointments, Randy Lubinsky, Chairman and CEO of WellTek, stated,
"We are very pleased to welcome back two individuals who, more than
a decade ago, played mission critical roles in establishing MedX as
an early pioneer, innovator and recognized leader in the medical
exercise industry. Larry and Clay's return to MedX marks a
milestone event for the Company and exemplifies WellTek's
commitment to revitalizing MedX's prominence in the industry." Over
a career spanning 30 plus years, Evans has proven to be a hands-on
visionary and effective business builder. As Chairman, President
and CEO of MedX from 1994 until 1998, he transformed the Company
from an Exercise Physiology company into a highly profitable
Orthopedic Rehabilitation company through equipment redesign,
reengineering and integration of proprietary computer-based
technology and science. Prior to his return to MedX Limited, Evans
served as President and Owner of Evans Engineering, a specialty
consulting firm providing product development, acquisition analysis
and marketing consultation to the medical, aviation and television
broadcast industries. Evans holds a Master of Engineering degree in
Computer Science and Electrical Engineering from the University of
Utah and a Bachelor of Arts degree in Product Design from Southern
Illinois University. Prior to his return to MedX, Steffee served as
Product Development Manager at Lifefitness Corp., where he was
responsible for design and prototyping of new fitness equipment
developed for the commercial and home markets. From 1987 through
1998, he was responsible for designing and developing new products
for the medical rehabilitation industry for MedX 96, Inc. He is a
graduate of the University of South Florida where he earned a
Bachelor of Arts degree in Mathematics. About MedX Limited Based in
Ocala, Florida, 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,
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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