SCHAUMBURG, Ill., May 31, 2012 /PRNewswire/ -- Wellness Center USA, Inc. (OTCQB/OTCBB: WCUI), a Schaumburg IL based healthcare and nutraceutical company, today announced the signing of an agreement to acquire CNS Wellness, LLC (CNS), a Tampa, FL based cognitive neuroscience corporation specializing in the treatment of brain-based behavioral health disorders including developmental, emotional and stress-related problems.
CNS's drug free and non-invasive methods provide proven alternative solutions to pharmaceutical therapies. With over six years of research and actual clinical practice, CNS has optimized a state-of-the-art real-time brain mapping and stimulation and interactive exercise software to retrain the human brain.
"Our breakthrough clinic in Tampa FL has over the past several years successfully treated anxiety, chronic pain, ADD / ADHD, learning disorders, autism, epilepsy and more. Our patients range from children to the elderly. There are no drugs and no prescriptions. The results fly in the face of our dependency on drug therapy," says William A. Lambos, Ph.D. chief cognitive neuroscientist of CNS and a licensed psychologist. Dr. Lambos has successfully treated hundreds of patients with CNS's breakthrough technology.
"When I first met Dr. Lambos, I quickly realized the therapy was revolutionary," says Andrew J. Kandalepas, CEO and Chairman of Wellness Center USA. "Our society becomes ever more rigorous, and whether you're an executive under intense stress, a family suffering from the impact of raising a child with Autism, a soldier and their family suffering from post-traumatic stress disorder (PTSD), or simply a person struggling with depression and no end in sight without your prescriptions, there is a huge unmet need in our society."
Peter A. Hannouche, CEO of CNS, added "as a former client of CNS myself, I understand firsthand the pain and suffering experienced by individuals in these circumstances. I have made it my personal and professional mission to bring CNS treatment approaches to help as many people as possible. I saw in Wellness Center USA the opportunity to achieve this dream: expansion of our proven clinical model nationwide, improving patient access to non-prescription therapy."
Through their new synergy, Wellness Center USA and CNS expects to establish clinical practice locations nationwide, beginning Q4 2012. From their Tampa facility, CNS will train qualified healthcare professionals to populate the new practices, ensuring the highest quality of healthcare possible.
"This is about reducing dependency on prescriptions, improving socialization and education in our school system, creating more efficient workplaces, and bringing relief to families at home," says Kandalepas. Wellness Center USA brings complimentary companies together, including CNS and Amino Factory, to improve well-being of body and mind. "We shall continue to pursue healthcare related solutions that fulfill this philosophy."
Wellness Center USA, Inc. (www.wellnesscenterusa.com) an alternative healthcare, medical device solutions and online nutraceutical sales company, 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 three business units are:
CNS-Wellness (www.cns-wellness.com) 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, traumatic brain injuries, and related acquired brain syndromes. CNS-Wellness LLC, was acquired by Wellness Center USA Inc. (“WCUI”) in August 2012, and is now a wholly-owned subsidiary.
Safe Harbor Statement:
Certain statements contained in this news release that are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements regarding the proposed exchange transaction, the anticipated closing date of the transaction and anticipated future results following a closing of the transaction. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” While it is not possible to identify all factors, risks and uncertainties that might relate to, affect or arise from the proposed transaction, and which might cause actual results to differ materially from expected results, such factors, risks and uncertainties include delays in completing the transaction, difficulties in integrating operations following the transaction, difficulties in manufacturing and delivering products, potential market rejection of products or services, increased competitive pressures, changes in general economic conditions, legislative and regulatory changes that adversely affect the business in which the parties are engaged, changes in the securities markets and other factors, risks and uncertainties disclosed from time to time in documents that the Company files with the SEC.
Contact Info:
At Wellness Center USA, Inc.
Tel: (847) 925-1885
Investor Relations Contact:
Arthur Douglas & Associates, Inc.
Arthur Batson
Phone: 407-478-1120