Web Hosting Provider InDigiNet Issues LOI to Nu Image MedSpa

HostReview.com
Tuesday, November 30, 2004; 12:33 PM

InDigiNet, Inc., (www.indiginet.com), a provider of managed communication solutions for Small to Mid-Size Enterprises (SMEs) in the United States, is pleased to announce that it has issued a Letter of Intent to Nu Image MedSpa of Las Vegas, Nevada, to propose a reverse merger. 
 
"We have issued a reverse merger LOI to Nu Image for their consideration at the behest of shareholders," stated InDigiNet CEO Mark Ellis. "As a good customer, Nu Image knows what we have done and what we can accomplish if given enough time and capital. "

"Our proposal is that they will be the parent company post reverse and InDigiNet will become a wholly owned subsidiary of Nu Image.  We also proposed that should InDigiNet prosper under their leadership, it would be spun off in the future back to the public in an IPO."
 
Ellis further stated,  "In recent years, the MedSpa industry (a merger of medical practice and spa therapeutics using newer, non-invasive techniques that give more natural results than plastic surgery) has experienced an explosion of growth. The beauty business is bigger than ever.  Demand has grown and continues to grow at an incredible rate."

InDigiNet, Inc. offers data, local, long distance and wireless services to SMEs over third party networks enabling the company to offer a comprehensive suite of services without the capital burden of building a communication network.