Complete Wellness Centers Enters Into Strategic Alliance With Leading Industry Consulting Firm.WASHINGTON--(BUSINESS WIRE)--November 6, 1998-- Also Announces Repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of Weight Loss Center Operations Complete Wellness Centers, Inc. ("CWC CWC Chemical Weapons Convention CWC Cricket World Cup CWC Central Wyoming College CWC Ceylon Workers' Congress (trade union; Sri Lanka) CWC Ceylon Workers Congress (Sri Lanka) "), the largest nationwide organization of integrated medical centers, announced today that it signed a management agreement for practice and affiliation development with the privately owned, Liberti Practice Management Co. and other Liberti-owned entities, located in Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. . Liberti Practice Management is a nationally recognized chiropractic chiropractic (kīrəprăk`tĭk) [Gr.,=doing by hand], medical practice based on the theory that all disease results from a disruption of the functions of the nerves. consulting and practice development firm which has served more than 10,000 clients over the past 10 years. CWC intends to target Liberti's reservoir of contacts and relationships as it expands its network of medically integrated centers. Under the terms of the agreement, CWC will also have full use of the Liberti state-of-the-art training facility and will manage Liberti's medically integrated clinic. Dr. Frank Liberti, Liberti Practice Management's founder and President, joins the CWC executive team as a consultant to assist in accomplishing CWC's mission of becoming the nation's leading integrator of alternative and traditional healthcare services in a one-stop, name-brand medical center. Tom McMillen, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CWC stated, "Dr. Liberti's decision to affiliate with CWC is an endorsement by one of chiropractic's leading consultants. We are therefore hopeful that Dr. Liberti's reputation and contacts will be a contributing factor to an accelerating unit growth rate and his outstanding training programs will increase our same store growth." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dr. Liberti, "After close analysis of CWC's operations, it was apparent that the CWC model offered the chiropractor chiropractor a practitioner in chiropractic. chiropractor A health professional trained in chiropractic; chiropractors do not perform surgery or prescribe drugs; of 50,000 licensed chiropractors in the US, many practice 'straight' chiropractic, ie the best opportunity to modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. and medically integrate his/her practice. At the same time, CWC centers were doing the best job of offering, under one roof, traditional and alternative healthcare services. I look forward to a mutually rewarding relationship with CWC." Separately, the Company announced its decision to transition certain of its weight loss centers into fully integrative medical centers. In connection with this decision, its has closed seven of its Nutri/System weight loss centers and plans to close 11 more. CWC plans to reposition the remaining 38 locations and transition them into fully integrative medical centers under the Company's Complete Wellness Medical Centers' banner. The units that have been and will be closed were either outside the Company's geographic target market or are not suitable for repositioning. Complete Wellness Centers, Inc., a multi-disciplinary physician practice management company, now manages 85 Complete Wellness Medical Centers, all of which provide both traditional and alternative healthcare services. The Company also owns weight-loss centers, which were acquired last year from Nutri/System, L.P. The Company's common stock and warrants trade on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small Cap market under the symbols, CMWL and CMWLW, respectively. The Company, from time to time, may discuss forward-looking information. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are estimates by the Company's management. Such statements are subject to various risks and uncertainties that may be beyond the Company's control, and may cause results to differ from management's current expectations and should not be relied upon by the investors in the Company. Prospective investors may contact Michael Brigante, Chief Financial Officer of the Company, to obtain copies of the prospectuses which include certain information about the offerings. |
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