WellTek, Inc. announced yesterday that they plan to expand into the virtual event market, specializing in the healthcare and wellness niche. They will launch a new wholly-owned company, WellTek Events, Inc. A next-generation virtual event platform will serve as the foundation in allowing WellTek and other brands to actively reach, engage, and influence health and wellness conscious consumers with new and existing brand assets, technologies, products, and services.
WellTek Events, Inc. is looking to become the industry leader in producing and delivering powerful virtual events for the healthcare and wellness market. This will link exhibitors, attendees, and thought leaders together in a fully immersive and engaging virtual environment.
Participants navigate through the 3D game-like world. This is without the costs, hassles, and time involved in a physical event. Advances in technology allow exhibitors to actively reach, engage, and influence a highly targeted global audience, create and customize virtual booths, communicate with prospects via video conferencing and live chat, convert leads to customers in real-time with the Ecommerce platform, and generate reports and analytics to track ROI.
The integration of virtual events, social networking, and social gaming permits attendees to overcome the challenges facing the traditional trade show market, and take advantage of the benefits of social media. This includes staying in constant contact, sharing opinions, recommendations and links, getting answers right away and feeling connected to the information they care most about, all while being entertained.
According to the Virtual Conference and Trade Show Market Study 2010-2015, the global virtual conference and trade show market is forecast to grow at a compound annual growth rate (CAGR) of 56 percent between the period of 2010 and 2015. It expected to generate $18.6 billion in revenues over the period 2010 – 2015. WellTek, Inc. intends to launch into the virtual event business, while the virtual event market is still in its infancy.
Mr. Randy Lubinsky, Chairman and CEO of WellTek, Inc. stated, “With over 40 years experience in the medical industry and interacting with physicians, we believe we can leverage our expertise to establish WellTek Events as the premiere company for virtual medical conferences and wellness events.”
To focus time and capital on WellTek Events, Inc., the Company has decided to rescind the acquisition of their 51 percent interest in WellCity, Inc. As part of the rescission, 14,500,000 shares of WellTek common stock will be returned to WellTek and the financial position of both companies will return to that prior to the May 1, 2010 acquisition. WellTek has also effectuated a 50 to 1 reverse split as of December 2, 2010 so they can facilitate raising additional growth capital.
Headquartered in Orlando, Florida, WellTek, Inc. is a global health, fitness, and wellness company. They provide proven solutions to help address some of the world’s most pressing and costly health and wellness challenges.
WellTek, Inc.’s subsidiary, MedX Limited, manufactures, markets, and distributes the most advanced medical exercise equipment to the medical and fitness markets. WellTek is redefining healthcare delivery by providing health plans, self-insured employer groups, and consumers with a viable non-surgical, lower cost treatment for patients who are seeking lasting relief from chronic neck and back pain. The Company is doing this via their wholly owned subsidiary Pure HealthyBack, Inc.
For more information visit: www.WellTekinc.com
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