IRVINE, CA--(Marketwired - Aug 10, 2015) - NuGene Inc. ("NuGene") (
Jon'Ric International is the 32 year-old premier franchisor of upscale specialty spa and salon experiences (branded and unbranded) within the United States and internationally. For over three decades, Jon'Ric has been a global leader in spa and wellness innovation and is known for providing only the highest quality and most advanced products and services through its franchises.
The two companies were introduced to each other by Kathleen E. Morton, PA-C, one of the longest tenured franchisees in the organization. "As a medical spa owner and a health care professional my patients depend on me to research and find the absolute best products available on the market," explained the owner of the Jon'Ric franchise in Edmond, Oklahoma. "I found NuGene and felt excited and compelled to share the astonishing results with the entire family of franchisees for Jon'Ric International. Now we are all excited to provide the best products worldwide."
Jon'Ric is rapidly expanding and reports that it is scheduled to open 28 new locations domestically in 2015 as well as a number of new locations in the Middle East Gulf States, Europe, South America and Asia. The new locations will offer only NuGene products to their customers, while existing locations will begin to shift their product focus to NuGene immediately.
"Our patients and clients expect the latest and greatest from us. We search the world in order to offer the most cutting edge, medical-grade products to our clients," said Dr. John Rando, founder and CEO of Jon'Ric International. "NuGene has significantly advanced skin and hair care technology and our clients will benefit by having access to the most innovative products on the market. Our medical director, Dr. Thomas Taylor, was very impressed with NuGene's stem cell technology and we see this as the future of skin care."
"Jon'Ric enjoys a strong reputation as the trendsetter and innovator in the upscale spa industry," stated Dr. Fady Elias, Director of Professional Business Development for NuGene. "Their attention to detail, dedication to the comfort and health of their spa customers, and desire to stay ahead of trends and advances in their industry make them a welcome addition to our Elite Signature Salon Program. I have spoken with several Jon'Ric franchisees and they are very excited about the opportunity to introduce NuGene to their patients and clients."
About NuGene, Inc.
NuGene International, Inc. specializes in developing, manufacturing and marketing proprietary regenerative cosmeceutical and pharmaceutical products based on adipose derived human stem cell and human stem cell media. The US Department of Health and Human Services calls regenerative medicine the "next evolution of medical treatments." The regenerative medical market which includes cosmeceuticals and pharmaceuticals was estimated at $7.2 Billion in the US in 2014 and is expected to rapidly grow in the coming years according to RNCOS Business Consultancy Services Global Cosmeceuticals Market report. NuGene's cosmeceutical and pharmaceutical products are based on proprietary stem cell based regenerative formulations derived from non-controversial, adult human stem cell derived media obtained from adipose tissue. NuGene's exclusive products combine its in-house advancements, proprietary technologies, and patent pending formulations. The company has four patents pending covering 15 unique applications. NuGene's goal is to leverage its knowledge and expertise to develop age defying cosmeceutical skincare and hair care products in addition to pharmaceutical products based on the same regenerative science platform.
About Jon'Ric International, LLC
Founded by CEO Jon'Ric Rando, Ph.D. in 1983, Jon'Ric International has been a global leader in spa development, management and logistics simplification. Multiple business models and hybrids of Jon'Ric International offer franchisees many unique advantages and benefits that are rarely found in the industry, and franchisees can customize or combine various models in their stores to offer customers a unique experience. This makes each and every Jon'Ric location a more viable and competitive business than other salons and spas, and this unique business model attracts customers and franchise partners alike. Locations under the Jon'Ric name are both corporate-owned and independently owned franchises.
Forward Looking Statements
This document contains "forward-looking statements," statements related to future, not past, events. In this context, forward-looking statements often address NuGene's expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target." Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our current and future sales, planned operations, marketing activities and other operational, sales and financial plans. These may include our ability to convert pre-order commitments/wins into orders; timing of planned and anticipated product deliveries; the price we realize on orders since commitments/wins are stated at list prices; customer actions or developments such as customer returns and other factors that may affect the level of demand and performance of the major industries and customers we serve; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of regulation and litigation; adverse market conditions, timing of and ability to obtain required regulatory approvals, or other factors relating to us; the impact of potential information technology or data security breaches; and the other factors that are described in "Risk Factors" in NuGene's Annual Report on Form 10-K for the year ended December 31, 2014. These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. This document also contains non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of our financial performance, identifying trends in our results and providing meaningful period-to-period comparisons.
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