Company Acquires First Nails Salon in Texas
Santa Monica, CA / ACCESSWIRE / October 23, 2014 / WanderPort Corp. (OTC Markets: WDRP) today announced that it has acquired Nails Spa as part of a consolidation strategy of the Nails Salon industry.
The US nails salon is a thriving 8 billion dollars industry. The salons can range from manicure pedicure only services to full service lounges that also offer hair care, wellness programs and dining. It is a stable industry that sustain well in all economic conditions.
The salons are predominantly small family owned businesses. The industry can benefit from a consolidation whereby the cost of beauty supplies can be reduced by leveraging the economy of scale. Labor cost and staff placement can also be simplified by sharing the resources between salons.
"We are excited to embark on this consolidation strategy of a multi-billion dollars industry as a way to create value for our shareholders," said Eric Brown, Chief Executive Officer. "By bringing value added products and services, as well as corporate culture to this fragmented industry, we can improve the quality of services as well as maximizing the salons' profit potential" added Brown.
About Nails Spa
Nails Spa is a boutique salon located in Richardson, Texas that offers high quality manicure, pedicure and waxing services. For more information, please visit https://www.facebook.com/Nailsspa2005.
About Wanderport Corp.
Wanderport Corporation specializes in licensing, distribution and obtaining proprietary rights to various unique technology while continuing to be an acquisition minded company targeting various licenses, technologies and/or companies in key emerging growth industries.
Forward-Looking Statements:
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Contact:
Wanderport Corporation
www.wanderportcorp.com
Investor Relations:
[email protected]
(310) 526-8720
SOURCE: WanderPort Corp.