MIAMI, March 1, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Medical Makeover Corp. of America (OTCBB:MMAM), The May Department Stores Company (NYSE:MAY), Teva Pharmaceutical Industries Ltd. (Nasdaq:TEVA) and General Motors Corporation (NYSE:GM).
Medical Makeover Corporation of America (OTCBB:MMAM) recently issued a press release that may get investor's attention. The company announced that it has closed the transaction to purchase 100% of the stock of Garden of Eden Skin Care, Inc. (GES), an Aventura, Florida based full service aesthetic improvement and skin care business. The company's stock closed yesterday at fifteen cents a share.
The press release stated that under the terms of the agreement, MMAM has acquired all GES assets, including its existing client base of approximately 350 who regularly receive a broad range of non invasive, appearance improvement services from GES. The company plans to consolidate the operations of GES to MMAM's new Aventura location.
Randy Baker, President and CEO of MMAM said: "The GES organization has a strong reputation for delivering high quality services, and has a client retention rate well above the industry average. Integrating their client focus and service delivery system with MMAM will be a tremendous asset, and through integration, will allow us to reduce overhead costs. Completing this transaction positions the company to achieve its first quarter 2005 operational and financial targets."
"Garden of Eden operations have reached the point where our ability to meet our clients growing demand for treatments was limited by our resources. We recognized that the opportunity to achieve our targets for growth would involve GES joining a larger entity. With the additional resources of MMAM, including an on staff Physician, we have the ability to provide the most sought after, profitable services in the industry today," said Ana Maria Wech, President of Garden of Eden Skin Care.
Medical Makeover Corporation of America is incorporated under the laws of the State of Delaware. The company provides medical grade "makeover" treatments in under an hour with a strong consumer-directed focus utilizing non-invasive technologies. Each center specializes in a wide variety of cosmetic procedures including treatments for wrinkles, enlarged pores, skin discoloration, unsightly blood vessels, sagging skin, unwanted hair, scars, cellulite and acne with a focus on making the service delivery experience enjoyable and gratifying. MMAM is engaged in establishing a chain of these new generation aesthetic care centers throughout the United States and Canada.
Other stocks of interest yesterday were: The May Department Stores Company (NYSE:MAY) down 2.3% on 28.9 million shares traded, Teva Pharmaceutical Industries Ltd. (Nasdaq:TEVA) up 9.2% on 28.1 million shares traded and General Motors Corporation (NYSE:GM) down 3.3 million shares traded.
The release is provided by Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for Medical Makeover Corporation of America (OTCBB:MMAM). The compensation is twenty thousand dollars from non-affiliated third party, DP Martin and Associates. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.
The company relies exclusively on information gathered on the public company, such as public filings, press releases and its web sites. Investors should use the advertising information contained in this release as a starting point for conducting additional research on the public company in order to allow the investor to form his or her own opinion regarding the public company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.
Investing in the public company that this release is providing service for should be reviewed as speculative and a high-risk and may result in the loss of some or all of any investment.
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.