WellTek Subsidiary Forms Strategic Partnership With Global Network Marketing Company
July 15 2010 - 3:17PM
Marketwired
WellCity, Inc. (http://www.WellCity.com), a wellness-related social
network and subsidiary of WellTek, Inc. (OTCBB: WTKN), today
announced a strategic partnership with XOOMA Worldwide
(http://www.XoomaWorldwide.com), a global network marketing
company, in which the two companies have collaborated to bring more
than 200,000 new users, cutting edge wellness products, a robust
infrastructure and a major distribution system into WellCity. The
agreement serves as a catalyst for both companies to carry out its
rapid expansion plans.
As part of the relationship, XOOMA will provide exclusive
support with product distribution and logistics, one of XOOMA's
strongest assets. The two companies also agreed to work on future
product development together.
"Our collaboration with WellCity is about joining our global
mission of Changing the Health of a Generation with a true
innovator in social networking," said Ron Howell, President and CEO
of XOOMA Worldwide. "We believe that the combination of WellCity
and XOOMA's strengths will be incredibly attractive to our
distributors as well as WellCity 'residents.'"
Randy Lubinsky, Chairman and CEO of WellTek, noted, "XOOMA
provides WellCity with an immediate global platform and 200,000 new
'residents,' exposing us to a much larger audience. It's a global
brand that people already recognize." Lubinsky continued, "The
superiority of XOOMA products is consistent with the Gold Standard
of our other brands. Partnering with XOOMA is a natural progression
to our tactical expansion initiative and integrates well into
WellTek's growing portfolio of trusted health, fitness and wellness
brands."
About XOOMA Worldwide XOOMA Worldwide is a
global network marketing company distributing cutting edge health
and wellness products: including vitamins and minerals, functional
health beverages and weight loss and skin care products to over 60
countries around the world. XOOMA's Scientific Advisory Board
provides education and guidance on health related topics and
peer-reviewed scientifically supported nutritional applications for
prevention and optimal health support.
About WellCity Incorporated WellCity is a
social utility where health- and wellness-minded 'residents' can
closely commune with one another; receive support, information and
encouragement from their 'neighbors' and from a league of leading
professional experts; shop for health and wellness-oriented product
and services; compete in WellCity's proprietary 90-Day Wellness Challenge; and even enjoy income
opportunities by leveraging their personal network. For more
information on the Company, please visit www.WellCity.com.
About WellTek Incorporated WellTek is a
global health, fitness and wellness company that provides proven
solutions to help address some of the world's most pressing and
costly health and wellness challenges. The Company owns and
operates WellCity, Inc., a premiere wellness-related social utility
that helps 'residents' live longer, feel better, look younger and
enjoy life more as they age. The Company's subsidiary, MedX
Limited, manufactures, markets and distributes the most advanced
medical exercise equipment to the medical and fitness markets.
Through its wholly owned subsidiary Pure HealthyBack, Inc., WellTek
is redefining healthcare delivery by providing health plans,
self-insured employer groups, and consumers with a viable
non-surgical, lower cost treatment for patients who are seeking
lasting relief from chronic neck and back pain. For more
information on the Company, please visit www.WellTekinc.com.
Certain statements contained in this press release, which are
not based on historical facts, are forward-looking statements as
the term is defined in the Private Securities Litigation Reform Act
of 1995, and are subject to substantial uncertainties and risks in
part detailed in the respective Company's Securities and Exchange
Commission filings, that may cause actual results to materially
differ from projections. Although the Company believes that its
expectations are reasonable assumptions within the bounds of its
knowledge of its businesses, expectations, representations and
operations, there can be no assurance that actual results will not
differ materially from their expectations. Important factors
currently known to management that could cause actual results to
differ materially from those in forward-looking statements include
the Company's ability to execute properly its business model, to
raise additional capital to implement its continuing business
model, the ability to attract and retain personnel -- including
highly qualified executives, management and operational personnel,
ability to negotiate favorable future debt facilities and capital
raises, and the inherent risk associated with a diversified
business to achieve and maintain positive cash flow and net
profitability. In light of these risks and uncertainties, there can
be no assurance that the forward-looking information contained in
this press release will, in fact, occur.
FOR MORE INFORMATION, PLEASE CONTACT: Legacy Marketing Group
Roxie Mooney President & CEO (Twitter:
roxiemooney) 407-575-3220 via email at
roxie38@gmail.com
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