SCHAUMBURG, Ill., Dec. 11, 2013 (GLOBE NEWSWIRE) -- Wellness Center USA, Inc. (OTCQB:WCUI), today announced that wholly-owned subsidiary Psoria-Shield's Mexican Distributors, Smart Company S.A de C.V. (Smart Company), have received their clearance to sell Psoria-Light ® systems in Mexico.
In a press release dated November 8, 2013, WCUI announced the receipt of a purchase order from Smart Company for an initial twenty Psoria-Light ® systems, valued at over $700k. Smart Company has now received clearance from the Mexican government to sell Psoria-Light medical devices in Mexico.
"Smart Company's pursuit and successful receipt of selling clearance, earlier than anticipated, demonstrates not only their knowledge of the medical regulatory requirements for sale in their market, but further their poise and vision for 2014," commented Scot Johnson, CEO and founder of Psoria Shield Inc. "We've begun discussions with Smart Company to explore representation for sales in other Central American countries."
"We're extremely pleased with the market outlook for 2014 in Mexico. We have investigated a variety of sales opportunities, from outright sale to leasing and revenue sharing, and in all cases the medical doctors and clinics have been very receptive. There is no device on the market in Mexico that delivers both targeted PUVA and NB-UVB with these wavelengths, and our current and potential clients have confirmed the niche for us. We have established initial installation sites with respected medical doctors, and will be installing units in the first quarter of next year," commented Eduardo Vazquez Preciado, co-founder of Smart Company.
Psoria-Shield and Smart Company are currently working on the marketing roll-out in Mexico, co-developing a website in Spanish for their market, translating literature, and obtaining regulatory approval for those marketing pieces. Deliveries of Psoria-Light are expected to begin in the first quarter of 2014.
"Psoria-Light is a product with unique features that addresses patients worldwide. Our company is fulfilling that need with their expansion into international markets, including Mexico," added Mr. Andrew J. Kandalepas, CEO and Chairman of Wellness Center USA Inc. "Smart Company's confirmation of the need for our technology, and the commercial viability of their markets highlights what we've known from the start. We expect to continue partnering with reputable international distributors, such as Smart Company, throughout 2014."
About Wellness Center USA, Inc.
Wellness Center USA, Inc. http://wellnesscenterusa.com/ an alternative healthcare, medical device solutions and online nutraceutical sales company, was created to address important healthcare and wellness needs; through break-through solutions, centered on the "well-being of the body and mind". Wellness Center USA, Inc.'s three business units are:
CNS-Wellness ( www.cns-wellness.com ) is a Tampa FL based cognitive science clinic business, specializing in the treatment of behavioral health disorders in at least three focus areas: a) stress related disorders including anxiety and panic attacks, depression, and obsessive-compulsive spectrum disorders, b) developmental and learning disorders such as autistic spectrum issues and Asperser's syndrome, AD/HD, learning differences and birth trauma-related issues, and c) purely brain-based issues including epilepsy and seizure disorders, traumatic brain injuries, and related acquired brain syndromes. CNS-Wellness LLC, was acquired by Wellness Center USA Inc. ("WCUI") in August 2012, and is now a wholly-owned subsidiary.
Psoria-Shield Inc. ( www.psoria-shield.com ) is a Tampa FL based company specializing in design, manufacturing, and distribution of medical devices to domestic and international markets. PSI employs full-time engineering, production, sales staff, and manufactures within an ISO 13485 certified quality system. PSI's flagship product, Psoria-Light ® , is FDA-cleared and CE marked and delivers targeted UV phototherapy for the treatment of certain skin disorders. Psoria-Shield Inc., was acquired by Wellness Center USA Inc. ("WCUI") in August 2012, and is now a wholly-owned subsidiary.
AminoFactory ( www.aminofactory.com ), a division of Wellness Center USA, Inc., is an online supplement store that markets and sells a wide range of high-quality nutritional vitamins and supplements. By utilizing AminoFactory's online catalog, bodybuilders, athletes, and health conscious consumers can choose and purchase the highest quality nutritional products from a wide array of offerings in just a few clicks.
About SMART COMPANY S.A de C.V. , founded January 2002, is based in Guadalajara, Jalisco, Mexico. We specialize in sales, import, export, and distribution of major medical devices and equipment across Mexico and throughout Central America. We have unparalleled experience developing marketing and sales initiatives to strategically place us within major medical communities. Our clients include major hospitals, clinics, and private practitioners. Smart Company meets all government requirements and has all the registrations that allow us to work with official and public dependences.
Safe Harbor Statement:
Certain statements contained in this news release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements regarding the proposed exchange transaction, the anticipated closing date of the transaction and anticipated future results following a closing of the transaction. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." While it is not possible to identify all factors, risks and uncertainties that might relate to, affect or arise from the proposed transaction, and which might cause actual results to differ materially from expected results, such factors, risks and uncertainties include delays in completing the transaction, difficulties in integrating operations following the transaction, difficulties in manufacturing and delivering products, potential market rejection of products or services, increased competitive pressures, changes in general economic conditions, legislative and regulatory changes that adversely affect the business in which the parties are engaged, changes in the securities markets and other factors, risks and uncertainties disclosed from time to time in documents that the Company files with the SEC.
At Wellness Center USA, Inc. Tel: (847) 925-1885 www.wellnesscenterusa.com At Psoria Shield Inc. Tel: (866) 725-0969 www.psoria-shield.com Investor Relations Contact: Arthur Douglas & Associates, Inc. Arthur Batson Phone: 407-478-1120 www.arthurdouglasinc.com
