MIAMI, Jan. 26, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Medical Makeover Corp. of America (OTCBB:MMAM), Beverly Enterprises (NYSE:BEV), United States Steel Corp. (NYSE:X) and Rite Aid Corporation (NYSE:RAD).
Medical Makeover Corporation of America (OTCBB:MMAM) recently issued a press release that may get investor's attention. The company announced that it has reached an agreement with Swiss line USA, Inc. ("Swiss line"), a Florida corporation, to create and launch the Medical Makeover private label line of skin care products to distribute through MMAM's spa facilities. The company's stock closed yesterday at twenty nine cents a share.
The press release states Swiss line currently distributes its products through a worldwide distribution channel, and is primarily available in high-end spa facilities.
MMAM President and CEO Randy Baker said: "This is an important decision for MMAM. Through this agreement we will gain immediate access to this profitable, non-medical segment of the aesthetics industry. We anticipate that our future revenue base will include a significant contribution from the sale of our private label products. We chose to pursue the strategic partnership with Swiss line based on their proven record in providing high quality Swiss made skin care products."
About Medical Makeover Corporation of America: 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: Beverly Enterprises (NYSE:BEV) up 25.4% on 30.3 million shares traded, United States Steel Corp. (NYSE:X) up 1.5% on 10.6 million shares traded and Rite Aid Corporation (NYSE:RAD) down 2.7% on 6 million shares traded.
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