ORLANDO, Fla., March 22 /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 another sale to the U.S. Military. The Company
intends to secure contracts with the U.S. Department of Defense to
not only provide equipment, but also to provide services which will
prevent and/or rehabilitate chronic back and neck problems for
members of the U.S. Military.
According to a study published in November 9, 2009 Archives of Internal
Medicine, a significant number of military personnel were
evacuated out of Iraq and
Afghanistan because of back pain.
Researchers at John Hopkins University School of Medicine
found that only 13 percent of service members who left their units
with back pain as their primary diagnosis eventually returned to
duty in the field. Aside from combat injuries sustained
during battle, the return-to-duty rate for spinal pain and other
musculoskeletal disorders is lower than any other disease or
non-combat injury category except for psychiatric illness.
Moreover, treating active duty and veteran service members
suffering from severe or chronic low back pain is estimated to cost
the nation approximately $1 billion
each year.
Randy Lubinsky, WellTek Chairman
and CEO, stated, "This is a sizable niche market for WellTek and
our MedX subsidiary and one in which we are confident we can have
profound economic and quality of life impact. U.S. armed
forces in Iraq and Afghanistan are currently faced with carrying
up to 120 pounds of backpack gear and protective body armor,
sleeping on cots, marching for miles on foot, being cramped into
transport vehicles for hours at a time, and/or hoisting heavy ammo
and other field supplies – all causes cited for serious low back
injuries. By adopting MedX Exercise Science-based
training protocols as a standard component of readying troops for
deployment to the Middle East, we
are convinced that we can help to prevent or significantly reduce
the number of war fighters who may otherwise suffer avoidable neck
and back pain."
MedX is widely recognized as the definitive gold standard
for treating and reducing chronic back pain and dysfunction through
specific spinal strengthening. Over the last 24 years, the
Universities of Florida and
California at San Diego, along with various orthopedic
clinics around the world, have published more than 75 articles in
peer-reviewed journals and industry publications confirming MedX's
ability to materially 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. Since its market introduction in 1986, MedX
exercise and rehabilitation equipment has been sold to customers in
all 50 states and around the world. The medical and exercise
machines can be found in hospitals, rehabilitation and wellness
centers, colleges and universities, professional sports teams'
training facilities, on military bases and within several state and
federal government agencies.
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
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 WTKN@efcg.net
SOURCE WellTek Incorporated