Complete Wellness Weight Management Clarifies Dateline NBC Report.WASHINGTON--(BUSINESS WIRE)--July 28, 1998--Complete Wellness Weight Management, Inc. ("CWWM"), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Complete Wellness Centers, Inc. (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:CMWL) addressed allegations about Nutri/System weight loss programs made by NBC's Dateline NBC Dateline NBC, or Dateline, is a U.S. weekly television newsmagazine broadcast by NBC similar to ABC's 20/20 or CBS's 60 Minutes. History The show, which has aired since 1992, is currently anchored by Ann Curry. on Monday, July 27, 1998. The Company acquired 58 of the 160 original Nutri/System facilities in January 1998 and offers Nutri/System products and programs through a licensing agreement with Nutri/System, L.P. The Company believes that incidents portrayed por·tray tr.v. por·trayed, por·tray·ing, por·trays 1. To depict or represent pictorially; make a picture of. 2. To depict or describe in words. 3. To represent dramatically, as on the stage. on Dateline NBC pre-date its acquisition of weight loss centers from Nutri/System, L.P. 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. CWWM's President Tammy Menster, "The health and safety of our program participants are our highest priority. Complete Wellness Weight Management, Inc. contracts with qualified medical physicians at each of its facilities and every program participant receiving prescription weight loss medication is required to be seen by the physician on-site who applies his or her independentmedicaljudgment on a case-by-case basis." Complete Wellness Centers, Inc., a multi-disciplinary health services health services Managed care The benefits covered under a health contract company, develops traditional and alternative provider networks, integrated medical centers, and related products focused on patient wellness. Its common stock and warrants trade on the NASDAQ Small Cap market under the symbols, CMWL and CMWLW, respectively. This 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. regarding the plans or objectives of the Company for future operations, including the development of the multi-disciplinary medical centers. The forward-looking statements included herein are based on current expectations that involve some uncertainties. Actual results may differ materially from those projected in such forward-looking statements.
CONTACT: C. Thomas McMillen, Chairman and CEO
Complete Wellness Centers, Inc.
(202) 639-9700
or
Linda Latman
The Equity Group Inc.
(212) 836-9609
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion