BEVERLY HILLS, CA--(Marketwire - 03/18/10) - Therma-Med, Inc. (Pinksheets:THRA - News) has finalized the purchase of Bella Vita Clinic and has now assumed 49% ownership of the clinic which is located in the GTA (Greater Toronto Area) of Ontario. Bella Vita Clinic will immediately begin to mirror the Therma-Med business model of clinic ownership, while continuing to provide the professional support services and medical procedures they have been performing since 2002.
Bella Vita Clinic has been in operation now for the last 7 years in the Greater Toronto Area (GTA) and treats approximately 1100 patients. The clinic is experiencing steady growth to its patient base as it is located in a high traffic centre within an affluent neighborhood. Bella Vita Clinic has recently added DITI (Digital Infrared Thermal Imaging) to its already existing Registered Massage Therapy and Chiropractic services. The clinic will continue to operate throughout the partial ownership transition, while maintaining uninterrupted service to its patients.
The purchase of the Bella Vita Clinic will now add a revenue stream to the Therma-Med business model while still focusing on building organic growth from the DITI (Digital Infrared Thermal Imaging) and by selling premium nutritional supplements.
About Therma-Med, Inc.:
Therma-Med, Inc. provides alternative medicinal procedures, premium nutritional supplements, medicinal products and current medical support services by making them available to patients through their clinics and online through e-commerce purchasing applications. Therma-Med, Inc., through highly specialized Thermal Imaging and breakthrough alternative procedure clinics, is poised to become a healthcare industry leading company providing the alternative medicine approach to good health, as well as providing patients with an adjunctive diagnostic procedure that effectively pursues and exposes the benefits of early detection and prevention of various medical conditions. Therma-Med Inc. utilizes thermal imaging systems that incorporate state-of-the-art infrared technologies and proprietary software to accurately and cost-effectively measure physiological changes in the human body allowing patients of all walks of life access to a proactive form of maintaining good health and quality of life through early detection and prevention.
Cautionary Statement Regarding Forward-Looking Information: Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "potential," "estimate," "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
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