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WellQuest Medical and Wellness Corp (WEQL/WEQL.OB) Wrap Up:

WellQuest Medical & Wellness Corporation, through its subsidiary, WellQuest of Arkansas, Inc., provides an integrated medical delivery site with family physician healthcare services, preventive/wellness services, and medical skin-care services. It offers occupational health services for business; preventive health alternatives, such as life-style counseling, nutritional counseling, fitness counseling, vitamin and supplement therapies, and disease management counseling programs; and aggressive medical aesthetics, including laser treatments, injections, chemical peels, and therapeutic massages. The company also involves in the medical spa business, retail skincare and nutraceutical product business, and practice management business. In addition, it offers interventional medical services, such as family practice services for adults and children; advanced electronic medical records; digital radiology; laboratory; blood pressure, temperature, pulse rates, EKG, and pulmonary testing; and women?s health, annual fitness, and wellness exams. Further, the company provides medical spa services, including personal esthetic concierge; skinprint facial analysis; cosmetic consultations; custom protocols for facials, micro-dermabrasion, and other fundamental procedures; and treats skin discoloration, blemishes, photo damage, collagen stimulation for skin tightening, and acne. It offers its services for households, business occupational healthcare needs, wellness oriented consumers, and those seeking aesthetic/skincare improvements in the United States. The company was formerly known as HQHealthQuest Medical & Wellness Centers, Ltd. and changed its name to WellQuest Medical & Wellness Corporation in April 2008. WellQuest Medical & Wellness Corporation was incorporated in 2004 and is based in Bentonville, Arkansas.
24 Employees
Founded in 2004

WellQuest Medical & Wellness Corporation (WEQL:OTC Bulletin Board Market)

LAST $0.06 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 12, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of WellQuest Medical & Wellness Corporation (WEQL)

OPEN
--
PREVIOUS CLOSE
$0.06
DAY HIGH
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DAY LOW
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52 WEEK HIGH
06/12/09 - $0.65
52 WEEK LOW
09/17/09 - $0.01
MARKET CAP
1.7M
AVERAGE VOLUME 3 mo
1.4K
DILUTED EPS TTM
--
SHARES OUTSTANDING
29.0M
WEQL Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

WEQL Top Compensated Officers

Mr. Stephen H. M. Swift
Chairman, Principal Executive Officer and Pre...
Age: 62
Total Annual Compensation: $160.4K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for WellQuest Medical & Wellness Corporation (WEQL)

WellQuest Medical & Wellness Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2009

WellQuest Medical & Wellness Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. Net revenues for the quarter were $940,121 against $779,660 reported in the second quarter of 2008. Revenues in the second quarter of 2009 increased $160,461 or 21% over 2008 first quarter revenues of $779,660. Revenue growth was driven by increased demand for medical clinic services as evidenced in a 30% rise in medical clinic visits from 6,435 visits in the second quarter of 2008 to 8,384 visits in the second quarter of 2009. The company reported operating income of $14,085 in the second quarter of 2009 compared to an operating loss of $447,315 in the second quarter of the prior year. Net loss for the second quarter of 2009 was $49,848 or $0.002 per basic and diluted share, compared to a net loss of $513,959 or $0.022 per basic and diluted share in the second quarter of 2008. Net income results were driven by a combination of increased revenues and lower corporate and legal expenses in the second quarter of the current fiscal year. For the six month, revenues grew 15% to $1 870,457 as compared to $1,631,206 in the six months ended June 30, 2008. Revenue growth is attributed to increased demand for medical clinic services which grew by 19% from 13,876 client visits in the six months ended June 30, 2008 as compared to 16,550 visits in the six months ended June 30, 2009. Operating loss was $32,495 compared to an operating loss of $342,238 in the prior year's period. Net loss decreased in the six months of fiscal 2009 by $328,107 or 69% to $150,352 or $0.006 per basic and diluted share from $478,459 or $0.021 per basic and diluted share reported in the six months ended June 30, 2008. Operating and net income results were driven by increased revenues and decreased operating expenses in the 2009 period as compared to 2008.

WellQuest Medical & Wellness Corporation Announces Launch of its Medically Supervised Weight Loss Program

WellQuest Medical & Wellness Corporation announced the launch of its Medically Supervised Weight Loss Program. WellQuest's unique approach to weight loss addresses a growing $2 billion market. WellQuest's approach to clients' weight loss offers a complete continuum of care that includes physician supervision, education, counseling, products and maintenance follow-up. WellQuest's individually tailored, physician supervised protocol is designed to help clients achieve their weight loss goals. Treatment begins with an initial physician consultation to measure the client's metabolic rate; water, muscle and fat composition; as well as conditions that may impact medical issues such as diabetes or high blood pressure. An individually tailored 12-week program is implemented which focuses on creating a long term shift in lifestyle and mindset towards nutrition and exercise. As clients graduate from the 12-week phase, they transition into a self-directed lifestyle which is supported by WellQuest's Optimum Health Program, a component of WellQuest's wellness services. WellQuest intends to replicate its medically supervised weight loss program by implementing it in new centers that the company plans to open in the future. New programs, such as the weight loss program, are created and launched in the Bentonville, Arkansas location and are designed to be replicated at future centers.

WellQuest Medical & Wellness Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2009

WellQuest Medical & Wellness Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net revenues of $930,336 increased 9% over 2008 first quarter revenues of $851,546. Revenue growth was driven by increasing demand for services in both the clinic and aesthetics services segments of the business. The company reported an operating loss of $46,580 compared to operating income of $105,077 in the first quarter of the prior year. Net loss applicable to common stock was $100,504 or $0.004 per diluted share compared to a net profit applicable to common stock of $35,500, or $0.001 per diluted share in the first quarter of 2008. Operating and net income results were impacted by an increase in corporate expenses related to the Company becoming publicly traded as well as higher operating costs in the medical clinic associated with supporting higher service revenues.

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