WellTek Provides Shareholder Update on Its Commitment and Progress to Enter the New Reality of Health and Wellness
13 Settembre 2010 - 2:00PM
Marketwired
WellTek, Inc. (OTCBB: WTKN), a global health, fitness and wellness
company, is pleased to provide its latest shareholder update, which
includes company news and industry related updates. As the Company
enters its third year, a new chapter unfolds at WellTek with the
launch of its most recently acquired subsidiary, WellCity. WellTek
is committed to enlightening and empowering people across the globe
by delivering cutting-edge information, products and services
through the WellCity platform, so consumers can make informed
decisions concerning the new reality of health and wellness.
Despite the fact that the United States spends over a trillion
dollars on health, the cost of our 'health' is spiraling out of
control and is predicted, by the Health Care Financing
Administration, to cost 16 trillion dollars by 2030. The health
care system costs too much, it excludes far too many people and it
does not promote real health or prevent disease, accordingly to
WellTek.
"We're very excited about the future of WellCity," stated David
George, Founder and CEO of WellCity. "People need to be educated
and empowered, so they can take control over their own health.
WellCity is a virtual city where those who are into health and
wellness live. As WellCity is becoming a profitable social network,
we have set our sights on becoming the most valuable web site for
health and wellness consumers around the world." WellCity's initial
growth strategy is based on increased revenue from product sales
and its proprietary 90-Day Wellness Challenge.
90-Day Wellness Challenge According to the
National Center of Health Statistics, almost a third of the adults
twenty years of age and over in the United States are obese. To
help combat these alarming statistics, WellCity offers its
proprietary 90-Day Wellness Challenge to consumers, corporations,
public school systems and city and state government agencies to
promote wellness through physical activity and proper
nutrition.
Teams of up to 20 compete to win wellness points and prizes.
After logging onto the Challenge's secure social network, team
members earn points for reportable metrics that include weight
lost, inches lost, strength training, aerobic training, water
intake and daily nutrition. 'Residents' create a user profile and
connect with other team members, or 'neighbors,' to share healthy
tips and information on the town wall and provide crucial support,
motivation and accountability to one another. The Challenge also
features WellCity's proprietary BOW Index-Balance
of Wellness, an evidenced-based assessment of balance of mind,
body and spirit.
WellCity Market™ Baby boomers, who drive
half of the economy--$7 trillion dollars-- are looking for longer
better lives through wellness and they are willing to spend
whatever it takes to get there. Similarly, deconditioned soccer
moms who want to reclaim their health and fit bodies and business
executives who lost their health while building their careers are
also fueling the wellness growth. WellCity Market™ offers an array
of products and services to help others live a more enriched life
physically, spiritually and financially. The technology of online
social networking provides the single most effective medium today
for teaching people about new products and services. And, when
wellness consumers find something that works for them, they
typically become enthusiastic consumers of that product or service
and become open to trying other wellness items.
Social Network The WellCity social network
serves as the vital foundation in allowing the Company to actively
reach, engage and influence health and wellness conscious consumers
with new and existing brand assets, technologies, products and
services. WellCity provides 'residents' with unique tools,
resources and an online community for real world support and
connectivity.
The company is expecting the rate of growth to further
accelerate in 2010. While a certain percentage of new 'residents'
will directly contribute to the company's bottom line by purchasing
products or participating in the Challenge, each new resident adds
value to the WellCity network by contributing support, information
and encouragement to its 'neighbors'. The value of the network
grows stronger with each new 'resident': in new people and in
trusted like-minded connections.
Randy Lubinsky, Chairman and CEO of WellTek, noted, "Our focus
over the next few months will be predominately on WellCity, since
it will be our most significant contributor of growth. More
specifically, we plan to broaden the WellCity offering by teaming
up with others who share our vision and business principles. An
increasing number of people are falling victim to chronic disease
and we are doing all that we can to help."
About WellCity Incorporated WellCity is a
social utility where health- and wellness-minded 'residents' can
closely commune with one another; receive support, information and
encouragement from their 'neighbors' and from a league of leading
professional experts; shop for health and wellness-oriented product
and services; compete in WellCity's proprietary 90-Day Wellness Challenge; and even enjoy income
opportunities by leveraging their personal network. For more
information on the Company, please visit www.WellCity.com.
About WellTek Incorporated WellTek is a
global health, fitness and wellness company that provides proven
solutions to help address some of the world's most pressing and
costly health and wellness challenges. The Company owns and
operates WellCity, Inc., a premier wellness-related social utility
that helps 'residents' live happier, healthier, longer lives. 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.
Contact: WellTek Incorporated wtkn@efcg.net
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