EXCELLENT NEW ALTERNATIVE MEDICINE WEBSITE
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Stock Symbol: WAME (PRWEB) November 23, 2000
Shares Outstanding: 30,000,000
Float: 7,000,000
52 Week Trading Range: $ $3.625
Current Price $3.00
Target Price: $9.00
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About the Company
FRESNO, Calif--In an effort to prepare for expected growth in corporate development, employees, and revenue, WellnessAmerica
( OTC BB: WAME ) announced that it has closed an initial $8 million round of funding with a pledge of an additional $60 million expected to close within the next two months. The proceeds will aid WellnessAmerica, Inc. in its acquisition and corporate development campaign that is anticipated to drive the Company to become a leader in the Alternative Health E-Commerce arena. The Company has designed a program that allows subscribers to have access to the world's largest electronic encyclopedia of alternative medicine gathered under one domain on the Internet.
Reasons to Own the Stock
WellnessAmerica is committed to it's B2B licenses allowing it's partners to build relationships with consumers and health care providers generating revenues thru several methods including licensing fee's from physicians, ad revenues, subscriptions, content value and portal retail sales of vitamins, herbs, skin care products, video, magazines, newsletters, page review fee's paid by search engines, licensee fee's from content syndicated, as well as product portals linked back to WellnessAmerica home products.
Tariq Faridi, President and CEO of Wellness America Inc, "We are experiencing overwhelming demand, and acceptance of our products and services. This is just another step towards our goal of becoming the dominant Alternative Health Therapy Company. This is a very exciting time for us with the trend in health care moving towards Alternative Medicines. With countries like Japan requiring that alternative medicines be used prior to prescription medicines a much larger market is being created. WellnessAmerica is positioning itself to facilitate business in this $90 billion dollar a year marketplace.''
Final Note
Serious investors due their own due diligence about this or any other investment opportunity. The alternative medicine market of over 20 million consumers has spent almost $6 billion on vitamin and weight loss products in the last 10 months alone and is definitely an industry to consider investing in.
