Los Angeles, CA (PRWEB) March 3, 2010
WellQuest Medical and Wellness Corporation (OTCBB: WEQL) has capitalized on emerging trends in its goal to bring a revolution to the nation’s multi-billion dollar primary healthcare and wellness industry.
WellQuest established its flagship location in Bentonville, Arkansas with the intent of designing a retail environment that can be replicated throughout the U.S. and abroad. The Company has shown tremendous growth in 2009, as shown below:
2009 Fiscal Year
Q3 Q2 Q1
Operating Revenue $944 $940 $930
Cost of Revenue $437 $446 $428
Gross Operating Revenue $507 $494 $502
Net Income $ 6 $ 14 ($47)
WellQuest has stated it intends to open multiple facilities in geographic proximity within select metropolitan areas in the southeastern and the southwestern U.S. This clustering strategy is intended to reduce costs through resource sharing including: shared management, staffing, service contracts, and physician contracts and marketing. The Company plans to open 25 centers in the next five years, with its second location slated to open in Tulsa, Oklahoma in 2010. Each new facility would mature in approximately 18 months, producing an estimated $600,000 in EBITDA based on $3.2 million in annual revenues.
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