WellTek Expands Strategy to Engage Community- and Corporate-Driven Solutions to Improve Health, Wellness and Quality of Life of
27 Mayo 2010 - 1:56PM
Marketwired
According to a report recently published in the Archives of
Internal Medicine, one of the JAMA/Archives journals, researchers
note that there are four healthy lifestyle factors that can result
in up to as much as an 80% reduction in the risk of developing the
most common and deadly chronic diseases: maintaining a healthy
weight, exercising regularly, following a healthy diet and never
smoking. Nonetheless, the cost of treating obesity-related medical
problems, alone, reached $147 billion in 2009, thus making obesity
an alarming national public health concern requiring a
multi-faceted, multi-channel community- and corporate-based
approach to effectively address the problem. Moreover, The
Washington Post reports that Medicare beneficiaries with multiple
chronic illnesses currently see an average of 13 different
physicians, fill 50 different prescriptions annually and are 100
times more likely to have an avoidable hospitalization than someone
with no chronic conditions.
WellTek Inc. (OTCBB: WTKN), a global health, fitness and
wellness company, today detailed its plans for executing a series
of complementary business strategies designed to build and support
a robust portfolio of best-of-breed medical, rehabilitation and
fitness brands, technologies and services. With specific
concentration on high growth, emerging market sectors being fueled
by the global health and wellness movement, the Company is
developing or acquiring businesses that it believes will play a
definitive role in empowering consumers to live healthier, happier,
longer lives and, as a result, drive down the cost of
healthcare.
Randy Lubinsky, Chairman and CEO of WellTek, stated, "If current
trends hold, 86% of the adult American population will be
overweight or obese by 2030, and childhood obesity rates will hit
40% in less than two years. Consequently, the cost to our nation's
healthcare system will spiral even further out of control and the
quality and longitude of life for Americans will be severely
compromised due to the rise in the numbers suffering from
preventable chronic and severe ailments and diseases."
"More must be done now to arrest the rise in these costs and
statistics -- and WellTek is well poised, primed and ready to
provide necessary industry leadership and the solutions to help
reverse these deadly trends." Continuing, he said, "WellTek's
management team has spent the last year carefully scrutinizing
prevailing market perceptions as well as emerging business and
consumer trends to better understand the challenges and
opportunities inherent in today's booming health and wellness
environment. The notion that rapid weight loss can be achieved and
sustained through quick-fix diet programs and/or over-the-counter
diet pills has begun to give way to a new way of mainstream
thinking that engages adherence to a balanced diet, enjoying an
active lifestyle and fully leveraging peer support and social
interaction to achieve one's personal health and wellness goals. We
believe that herein lies numerous and compelling high-growth
opportunities for WellTek to equip people with meaningful wellness
information, tools and solutions necessary to support them."
"Thanks in large part to the widespread use of the Internet and,
more specifically wellness-focused social networking sites, peer
counseling in online communities is expanding exponentially and
helping to change the way that people approach and manage their
daily health and fitness regimens. Consequently, WellTek has been
actively exploring opportunities to develop or acquire an existing
online social networking platform that will allow us to actively
reach, engage and team with consumers, strategic corporate partners
and health and wellness professionals. This online platform will
serve as a vital element of WellTek's going forward business
strategy and will ultimately provide us with the means to fully
optimize our existing MedX and PureHealthy Back brand assets,
products and services to aggressively promote revenue and earnings
growth at our Company, increase shareholder value and allow us to
have a positive -- and perhaps even profound -- impact on the
quality of lives of millions of Americans," added Lubinsky.
Concluding, he said, "This is an ambitious undertaking for
WellTek, but one we are well suited and highly committed to
tackling. In the coming weeks, we look forward to announcing
further more detailed information relating to this exciting
expansion strategy."
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. 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
WTKN@efcg.net
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