Wellness Center USA Inc (OTCMKTS:WCUI) is making a highly explosive move up off its base at a time. The move up comes as a welcome reversal for shareholders who had endured well over a year of steady declines prior to this.
In recent news WCUI said it has completed its second and final payment to JMJ Financial (JMJ) under the Note Termination Agreement previously announced on March 19, 2015. Accordingly, the Company’s relationship with JMJ has ended and JMJ will no longer have any conversion rights into WCUI shares.
Pursuant to the Note Termination Agreement, JMJ had agreed to permit full repayment of the Note in the sum of $200,000 payable in two installments of $100,000 each on March 20, 2015, and on April 24, 2015, respectively. On March 19, 2015 the Company completed the first payment to JMJ in the amount of $100,000 and on April 17, 2015 the Company satisfied the second and final payment in the amount of $100,000, ahead of the April 24, 2015 due date.
Wellness Center USA Inc (OTCMKTS:WCUI) is an alternative healthcare, medical device solutions and online nutraceutical sales company. It was created to address important healthcare and wellness needs; through break-through solutions, centered on the “well-being of the body and mind”. Wellness Center USA, Inc.’s business units are:
Psoria-Shield Inc – PSI is a Tampa, FL based developer and manufacturer of UltraViolet (UV) phototherapy devices for the treatment of skin diseases. PSI’s flagship product “Psoria-Light®”, is the first deep UV LED “Targeted Phototherapy” device to effectively treat Psoriasis, Eczema, Alopecia Areata, Vitiligo and other ultraviolet-treatable skin diseases affecting an estimated 11% of the world population.
Psoria-Light® is an FDA cleared, CE marked, Class II Medical device, developed and produced at PSI’s FDA-registered manufacturing facility in Tampa, Florida, under its ISO 13485 certified quality system. The Psoria-Light platform is expandable, allowing the development of additional hand-pieces to treat a myriad of other dermatological disorders, utilizing light sources ranging from LED to Laser.
According to Biotechstockreview Psoria-Shield is a device designed to treat people suffering from Psoriasis. The device sells for near $60,000 and is ultimately targeted to the thousands of Dermatologists who treat patients for Psoriasis (and there are millions suffering, including Kim Kardashian, as recently reported in the news).
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A sale of 1,000 machines would equate to a retail value of $64,000,000. Those of you who are familiar with–and made money in–the Excimer laser market, which is a market we believe they could displace, for the treatment of Psoriasis – should read the report in-depth.
WCUI other business includes: Stealth Mark Holdings, Inc. a global product authentication solutions provider that offers the most advanced product security technologies available today within the security and supply chain management vertical sectors. Stealth Mark® solutions are based upon encrypted microparticle technology, state-of-the-art printing technologies, and a reader that can be used with iPhone and other smartphones.
National Pain Centers, Inc. is an Illinois based company that focuses on diagnosis, treatment, research, advocacy, education, and setting standards and protocols within interventional and multi-modal pain management. NPC manages Interventional Spine and Pain procedures that include Epidural Steroid Injections, Selective Nerve Root Blocks, Facet Joint Medial Branch Injections, Radiofrequency Ablation, Sympathetic Blocks, Spinal Cord Stimulators, Percutaneous Discectomy, and Discograms.
CNS-Wellness is a Tampa FL based cognitive science clinic business, specializing in the treatment of behavioral health disorders in at least three focus areas: a) stress related disorders including anxiety and panic attacks, depression, and obsessive-compulsive spectrum disorders, b) developmental and learning disorders such as autistic spectrum issues and Asperger’s syndrome, AD/HD, learning differences and birth trauma-related issues, and c) purely brain-based issues including epilepsy and seizure disorders.
AminoFactory a division of Wellness Center USA, Inc., is an online supplement store that markets and sells a wide range of high-quality nutritional vitamins and supplements. By utilizing AminoFactory’s online catalog, bodybuilders, athletes, and health conscious consumers can choose and purchase the highest quality nutritional products from a wide array of offerings in just a few clicks.
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Currently trading at a $13 million market valuation WCUI has minimal assets and rising short term debt as well as growing revenues reporting $175,762 for the quarter ended June 30, 2014 up from $70,576 for the same period last year. According to shareholders, WCJUI has a compelling story and is backed up by good science. We will be updating WCUI as events unfold so make sure you are subscribed to Microcapdaily so you know what is going on with WCUI.
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Disclosure: we hold no position in WCUI either long or short and we have not been compensated for this article.