MIAMI, March 1, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Medical Makeover Corp. of America (OTCBB:MMAM), QUALCOMM, Inc. (Nasdaq:QCOM), Millennium Cell Inc. (Nasdaq:MCEL) and Tibco Software Inc. (Nasdaq:TIBX).
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: QUALCOMM, Inc. (Nasdaq:QCOM) down 2.5% on 20.1 million shares traded, Millennium Cell Inc. (Nasdaq:MCEL) up 37.5% on 13.9 million shares traded and Tibco Software Inc. (Nasdaq:TIBX) down 8.1% on 12.3 million shares traded.
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