Great News Out after the Close Today:


Wellstar International, Inc. Signs LOI for up to $1 Million in Funding


Wellstar International, Inc. (OTCBB: WLSI), a provider of specialized diagnostic software and equipment, announced today that the Company has signed a "Letter of Intent" (LOI) with Fairhills Capital for an equity funding of up to $1 million. Final details and contract for the financing are still under discussion. The financing will be used to implement a special leasing program in support of Wellstar's wholly owned subsidiary Trillennium Medical Imaging's launch of its thermal imaging system. The Company's thermal imaging system, which detects early signs of pressure ulcers, will be marketed to long-term care (LTC) facilities in the U.S. with this special leasing program as an option. The lease program allows the systems to be more affordable and essentially a "must-have" for LTC facilities that are seeking to curtail potential liabilities and receive a higher rating from the Centers for Medicare & Medicaid Services (CMS) under the agency's "pay for performance" standards. These standards by the CMS, which will soon be effective, will support better care coordination for patients with chronic illnesses among healthcare service facilities.

Wellstar estimates revenues within the first 12 months of implementation to be in excess of $16 million, for 2010 revenues to be in excess of $69 million, and a projection of $133 million in 2011. The Company also anticipates being cash flow positive this fiscal year. The Company is anticipating the installation of at least 300 FDA approved thermal imaging systems per month, following the first 6 months of initial roll-out, through 2010. That number will increase to 400 per month by 2011. There are nearly 16,000 LTC facilities in the United States, and a pending need for more with an aging population that is increasing in numbers year after year.

Fairhills Capital is a private equity firm that invests capital into companies in the emerging markets. The firm pursues investment opportunities in small-cap companies that have a strong management team and the ability to implement their business plan. Fairhills Capital has invested in over 50 public and private companies in various sectors including oil and gas, communication, arts and entertainment, services and healthcare / medical products.

Wellstar's CEO, John Antonio, stated: "We are pleased that Fairhills Capital shares our excitement and eagerness to begin rolling out our thermal imaging systems. The epidemic of bed sores continues to rise and we anticipate the demand for these systems among just the long-term care facilities to be tremendous. We have an enormous and largely untouched market to go after with our revolutionary system. With early detection of this very serious epidemic, we have the ability to help save and extend many lives."

Looking good here, up another 16.7% today. Bodes well going forward, especially with their FDA approved medical device rollout and anticipation of imminent revenues. Recent funding LOI solidifies the deal. One to keep a close eye on here.

WLSI had a very good week last week as a number of you saw. This is trending up and on a bullish breakout. I am expecting some great things from this company and they are quite close to their FDA approved medical imaging device rollouts which will mean decent revenues to the company. All told this deserves a very good look at these levels in my opinion.

Wellstar International, Inc. Secures $250,000 of New Financing


2009-03-09 07:00 EST - News Release

HOLLAND, OH -- (MARKET WIRE) -- 03/09/09


Wellstar International, Inc. (OTCBB: WLSI), a provider of specialized diagnostic software and equipment, announced today that it has secured $250,000 in financing through a private transaction with an accredited private investor. The financing will provide the Company adequate initial funding to start the roll-out of its thermal imaging systems that detect early signs of pressure ulcers among patients that are bed-ridden. However, the Company will need additional capital to implement its first installations, in which the Company is in final stages of agreement with private equity firm, Fairhills Capital, who earlier this week signed a LOI for up to $1 Million in equity funding.

Wellstar's CEO John Antonio stated, "We are pleased with the confidence that our newest investor has placed in our ability to reach our next milestone. Through our innovative thermal imaging systems, Wellstar will become the leader in early detections of pressure ulcers throughout the healthcare industry. Our goal is simple; we want to provide the healthcare industry with a critical tool that will help them save lives and curtail potential liability by simply detecting the pressure ulcers before its outbreak."

The company has developed its thermal imaging system for various applications. The TMI technology and software has been approved by the FDA as an Adjunctive Diagnostic Screening Procedure for early breast cancer detection, differential diagnoses of pain dysfunctions (such as Reflex Sympathetic Dystrophy, Neuromuscular Skeletal Syndromes and neurological disorders), for the early detection of pressure ulcers, deep tissue injuries, and bedsores, as well as for orthopedic applications. The company has plans to market diagnostic systems for all of the above mentioned applications.

Looks like this stock has bottomed recently due to some investor selling common shares in the open market.

Up 80% today, I think this is a good one put on our radars