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The Greatest Wealth is Health - Virgil
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About Atos Wellness
| The Medec range of products includes the Medec Biograph, a high
technology diagnostic system. It has many applications in early
diagnosis and prevention of disease, in energy monitoring and
therapy control. The Medec Bioresonance System stimulates the
complete organism inductively and regulates acupuncture points
and meridians. It is designed for private use at home, but it is
also increasingly used and supported by doctors, medical
institutions and high profile professional athletes. |
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In January 2008 the ATOS – MEDEC merger was finalized and the
company was renamed as ATOS Wellness Ltd (ASX Code: ATW). On
27th February 2008, Mr Siva Ananda Rajah S/O Retnam (Ananda
Rajah) has been appointed as an Executive Director and as the
Chief Executive Officer (CEO) of ATOS Wellness Ltd (ATW). The
interim CEO, Mr Bernard Wee, of ATW has accepted the position of
Chief Financial Officer (CFO) of ATW. The operational head
office of ATW is in Singapore in consideration of more than 75%
of the group’s revenue, staff and management being Singapore
based.
Ananda’s first contact with Medec was in 2003. He met the CEO
and founder of Medec, Mr Josef Plattner, at an exhibition in
Singapore and immediately recognized the huge potential of the
Medec Bioresonance System (BRS). He purchased 20 units of the
BRS to trial them with his clients in his wellness centres. The
results were encouraging as more than 75% of the clients were
satisfied with the complimentary benefits the use of this
product gave them.
Recognizing a global market for the BRS Ananda decided to sell
51% of his Body Contours company to Medec in July 2006 ( 75% of
his consideration was in Medec shares at AUD 0.30 c). To halt
further erosion of the share price, Medec took the decision to
divest its non core manufacturing facility Athlegen in Ballarat
Australia.
Atos group of companies agreed to merge with Medec Ltd in mid
2007 getting shareholder approval at the AGM in November. Ananda
displayed his confidence by accepting a full script offer (@ 12c
per share) as consideration for the transaction. Ananda’s vision
was to duplicate the successful Singapore business model into
Australia, Germany, Malaysia and India where Atos today has a
foothold.
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