ZURICH-KLOTEN, Switzerland, Aug. 2, 2005 (PRIMEZONE) -- Marcel Maurer, CEO of Feelgoods International Ltd. (Pink Sheets:FGDIF), a franchising company in the health market, announced today that it has begun trading as a publicly held company.
Mr. Maurer stated, "We are extremely pleased with this new development and the opportunity for growth for Feelgoods. We have worked diligently to bring our company to the public market and are convinced that this will enable us to establish our franchise offering on an international scale."
Feelgoods is deploying a franchise system that presents an entirely new business opportunity for pharmacies. The Feelgoods Health Store enables the pharmacies to increase same-store sales significantly by providing a concept and products in the rapidly growing health foods and supplemental market. Feelgoods adds the health store to the pharmacy as a shop within a shop. In times of ever-shrinking margins for traditional pharmacies Feelgoods offers a turn-key business solution for pharmacies to increase revenues, margins and to gain market share against their competitors.
Pharmacies in locations with a high customer frequency are targeted as franchisees. In Switzerland there are 1,600 and in Germany 21,500 pharmacies. Feelgoods' goal is to acquire 500 franchisees within five years.
The Feelgoods Health Store is a self-contained business with focus on complementary pharmaceuticals, bio-food for special needs, lifestyle products, bio-cosmetics and baby foods as well as alternative medications. The concept emphasizes a well-trained professional staff who offer advice and education about quality products and a healthy lifestyle to the customers.
Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties. The Company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include unexpected shortages of critical components, rescheduling or cancellation of customer orders, the timing and market acceptance of new product introductions by the Company and its competitors, and general competition and price pressures in the marketplace.
PinkSheets:FGDIF.PK ISIN: BZP391131083 WKN: A0F5BB