MedSpa Solutions Awarded Contract By Bakersfield Physician.

IRVINE, Calif. -- MedSpa Solutions Inc., a wholly owned subsidiary of Winsted Holdings Inc. (OTCBB:WNHL), today announced that it was awarded a comprehensive consultancy contract by a physician in Bakersfield, Calif. This Contract covers Business Development, Site Design & Build out, Staffing & Training, Vendor Relationships, Licensing & Compliance Assistance and Custom Marketing Development.

Designated in 1990 as an All America City by the National Civic League, Bakersfield lies at the southern end of the San Joaquin Valley in Kern County, one of California's most productive agricultural areas. Bakersfield is an easy drive from Los Angeles and is served by several national and commuter airlines, as well as Amtrak. Incorporated in 1898, Bakersfield covers approximately 100 square miles (metro area is 224 square miles) and it's partially surrounded by three mountain ranges (Temblor, Tehachapi and Sierra Nevada) with the Kern River flowing through the valley adding a natural beauty to the area. From Bakersfield's first settlers of 8,000 years ago, the Yokut Indians, to the more recent Colonel Thomas Baker (of 1869), Bakersfield has grown to be the 13th largest city in California. It is now ready for a MedSpa Solutions' client to open a medspa there to service the population of over 221,000.

"The multi-billion dollar medspa industry is the most dynamic and the fastest growing in the health and beauty sector," stated Winsted CEO Mark Ellis. "With 12,000 Americans turning 50 every day, the baby boom generation is aging. However, they are doing everything in their power to look younger. As demand for cosmetic medical procedures exceed $2 billion in sales last year, the number of spas and facilities to meet this demand is not keeping up. Many doctors are expanding their existing practices with the addition of a medical spa as people are now looking for a medical spa to provide them with a targeted menu of services in a relaxing environment."

Ellis further stated: "According to the American Society for Aesthetic Plastic Surgery, since 1997, non-surgical procedures have increased by 471 percent. Many doctors are looking at these numbers and are starting to incorporate some facet of the medspa business into their practice. Still yet, some doctors are seeing this fortuitous trend as a potentially rewarding opportunity to adjust their entire way of practicing medicine.

"Dunn and Bradstreet estimate that 96 percent of businesses in America that failed, fail because of what is called managerial incompetence. It pays to learn from the experience (and mistakes) others have made in the past. At MedSpa Solutions, our experienced professionals have expertise in aesthetic technology, medical procedures, business development, marketing and law. We will help our clients avoid making costly start-up mistakes," concluded Ellis.

About MedSpa Solutions Inc.

MedSpa Solutions Inc. of Irvine is a wholly owned subsidiary of Winsted Holdings Inc. (WNHL.OB). Medical Spas are fast becoming the facility of choice among women and men seeking rejuvenating skin care procedures. At MedSpa Solutions Inc., not only are our customers treated with the best that technology has to offer, they also get expert consultations from our skilled medical staff. Our trend-setting spa-like facilities, combined with our friendly staff, are all you need for the best skin care experience ever. Our facilities offer FDA-approved procedures like Botox, Laser Hair Removal, IPL-Skin Rejuvenation, Microdermabrasion, Chemical Peels, Collagen, and Leg Vein Treatment. We work only with the most advanced laser equipment to achieve your desired results. Our medical staff is one of our most valued assets, and they are trained in a culture of warmth, friendliness, and customer service. Everything at the spa is designed with your comfort and convenience in mind, even our business hours which are flexible to adjust to your needs. Making you look good and feel good is what we are here for!

MedSpa Solutions is committed to continually setting the highest levels of excellence and innovation for our clients. We are pioneers in the MedSpa industry and strive to bring the most advanced treatments and standards to each one of our spas and clients. For more information on the Consulting Services from MedSpa Solutions, please contact us at 1-888-968-4624 or e-mail at [e-mail]. Additional information can also be found at http://www.medspasolutions.com/.

About Winsted Holdings Inc.

Winsted Holdings Inc. (WNHL.OB) is a Business Development Company (BDC) located in Newport Beach, Calif. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. The Company was founded on the premise that combining both operational talent and financial talent within a single private equity investment firm can significantly enhance the magnitude and consistency of investment returns. Winsted Holdings' team consists of accomplished financial professionals with experience at prestigious financial institutions, seasoned corporate executives from various industry enterprises and successful entrepreneurs with expertise developed in aspects from business development to capital markets and from sales and marketing to technology development. The Company currently has two wholly owned subsidiaries, Spencer Communications Inc. and MedSpa Solutions Inc. Over the coming months, the Company will outline its ever changing portfolio holdings and its plans for the long-term medspa expansion.

For additional information call Investor Relations 949-476-3711 or visit company Web site http://www.winstedholdings.com/.

Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of medspa and telecommunications regulations in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.