after yesterdays agm statement the share price has risen 50% how much upside is left or is this another false dawn?
http://www.alexa.com/data/details/traffic_details/thewellnessshop.co.uk
womans hour link below.
http://www.bbc.co.uk/radio4/womanshour/04/2008_08_mon.shtml

Looking positive - some broker interest wouldn't go amiss.

It seems they are getting their act together at last!

Acquisition of Occupational Health Business

Ultrasis announces Acquisition of Occupational Health Business.

Ultrasis the provider of healthcare and wellness services is pleased to announce that it has acquired the business and assets of an Occupational Health and Travel Clinic located in Waterloo, London for a nominal consideration. The Clinic, which was previously owned by Abermed Limited, comes with an annual income of £700,000 from contracts with self-pay clients and is currently generating a small profit. The assets transferred to Ultrasis have a nominal value attached to them.

The Clinic, which will now be known as 'Waterloo Health Clinic', provides a range of Occupational Health, Travel Advice and Vaccination Service and Employment Related Medicals.

"In line with our stated strategy, this acquisition presents an ideal opportunity to further increase the range of services that Ultrasis provides and creates a footprint within Occupational Health, a new but complementary market for the company. It also offers us the opportunity to look at new ways to promote our range of products and services directly to consumers through a 'High Street' presence" says Ultrasis Chief Executive John Smith.

He added "Abermed were looking for a suitable healthcare company to take on the management and delivery of the services and have given a four year commitment to maintain contracts at the current levels; this gives us a very solid basis on which to grow the business further and look at synergies with our recently acquired Wellness business, Screenetics. The Board are delighted to welcome the Medical, Nursing, Management and Administrative Staff to the Ultrasis Group."

Excellent candle atm, with volume.

Public Sector contract win and additional funding

Ultrasis the provider of healthcare and wellness services is pleased to announce that it has secured a major three year public sector contract (the "New Contract") through its recently acquired Screenetics business. The detailed terms of the New Contract are deemed confidential due to the nature of the contract but the following material details can be released:

Outline terms of the New Contract:

· The contract term is for a minimum of 3 years
· The Board expects the New Contract to involve the assessment of over 80,000 people over the 3 year period
· There is no minimum contract value although the Board believes the potential value to Ultrasis to be in excess of £8,000,000 over the term of the New Contract
· The Board expect the New Contract to generate income to the Ultrasis group from July 2014
· The services to be provided by Ultrasis under the New Contract will be delivered initially from 10 locations in England
· Subject to certain conditions, the New Contract has the potential for volume to be increased during the term and extended by a further year
· The New Contract requires Ultrasis to deliver its services to a very specific timescale, quality standards and outcomes

Additional Funding

This substantial New Contract also requires additional working capital to fund the establishment of significant infrastructure during the set-up period and to ensure that employees are delivering to an established quality framework. The Company's largest shareholder, Paul Bell, who holds 22.2% of the issued ordinary share capital, has today signed a non-transferable £450,000 convertible debt facility (the "Convertible Debt Facility" or "CDF"), the terms of which are:

· the CDF (to the extent drawn down) together with a premium of 100% of the amount drawn down, will be convertible into Ordinary Shares (either in full or in tranches), at any time at Mr Bell's request at a price per ordinary share in the capital of the Company ("Ordinary Share") equal to 1.03 pence, being the mid-market price of an Ordinary Share on the business day immediately preceding the entering into of the CDF
· the CDF has a 0% coupon
· the CDF is unsecured
· the CDF is for a fixed terms of two years
· any amount drawn down under the CDF which remains unconverted at the end of the term is repayable at a 10% premium
· any conversion of the CDF will be subject to Mr Bell not being able to increase his percentage holding in the Company (on a fully diluted basis) beyond 29.9% if such conversion would trigger a mandatory offer under the provisions of the Takeover Code.

In addition, Mr Bell has agreed that all amounts of interest owing to him (or which become owed to him) under existing other loan facilities he has with the Company will be rolled up into the principal amount of those loans in order to reduce the short term cash working capital requirements of the Company during the periods whilst those loans remain outstanding.


more...

Successful VA "peer supported pilot project"

Ultrasis plc ("Ultrasis" or "the Company")

"Beating the Blues"

Successful VA "peer supported pilot project" and RCT funding approval

Ultrasis plc is pleased to provide details of the published outcomes from the VA pilot project conducted by researchers from the US Veterans Administration ("VA"), C. Beau Nelson, Ph.D., Kristen Abraham, Ph.D., Heather Walters, M.S., and Marcia Valenstein, M.D., M.S and published in the Journal Computers in Human Behavior Number 31 February 2014.

The highlights of the research showed:

· Completion rates for the computer-based Cognitive Behavioural Therapy program were high
· Veteran-peers provided support and helped prompt completion of the Computer-based Cognitive Behavioral Therapy ("cCBT") program
· Significant decreases in depressive symptoms and increases in hope were observed in post ratings
· Marginal decreases in anxiety symptoms were also observed
· The feasibility of a Veteran-peer assisted cCBT program was supported

Interim Results

Ultrasis, the provider of interactive health care services, announces its unaudited financial results for the six months ended 31 January 2014 (the "Interim Results"):

· Revenue of £475,000 (2013: £486,000)
· Loss before tax of £559,000 (2013: £632,000) including costs of approximately £100,000 regarding three completed acquisitions
· Substantial reduction in ongoing overheads
· Cash balances of £190,000 (2013: (restated) £372,000)
· The Group has unused loan facilities of £1,625,000
· Highlights of the period include:
o Completion of three acquisitions: Screenetics, Step Success and Waterloo Health Clinic
o Contract wins which, the Directors believe, have the potential to add over £10 million of income over the next three years which will begin to generate income later this year
o Creating a new joint venture company with the NHS: Ki Group, with a primary objective of creating public sector sales opportunities for Beating the Blues
o Launch of Beating the Blues 2.0 in the US following significant content and technology platform development
· Expecting further growth in the second half of this year as the Group moves towards profitability

John Smith, CEO commented "We are pleased with the substantial progress we have made in the first half and are delighted with our recent acquisitions which are now all integrated into the Group. We look forward to further progress in the second half and beyond."

Mr Smith better be right!!!!Revenue of £475.000 for period 1/7/13-31/12/13 hardly impressive

Contract Win

Contract win for Beating the Blues

Ultrasis is pleased to announce that it has won a contract to provide its on-line depression treatment programme, Beating the Blues ("BTB") in Scotland.

The contract will enable NHS Scotland to use the program in five of its Health Boards over the next three years.

'We are delighted to win this contract which will involve the wide scale deployment of Beating the Blues" said Ultrasis Chief Executive John Smith.

He added "In Scotland BTB has consistently shown its value in helping to increase access to evidence based treatment for depression and anxiety and has become a valuable component of the wider service offering."

Trading Statement

Highlights

· Invoiced sales for the year will be approximately £2 million (2012/13: £0.7 million)
· Staff team increased from 20 to over 50 and continues to grow
· Secured a three year contract through Screenetics to deliver health assessments that has the potential to deliver over £2 million sales per annum
· Secured a three year contract to provide on-line mental health support within 5 of the 14 Health Boards in Scotland
· Continue to invest in the development of several key on-line products and released the 'My Health Coach' app in both apple and android platforms

sales of £2m?
that is truly pathetic

does "staff team" really mean "employees"?
if so, that is mind-blowingly AWFUL

Partnership to launch health screening program

Screenetics partner with BMI Hospitals and Benenden Wellbeing Limited to launch health screening programme.

The Ultrasis Group announces that it has agreed a partnership with BMI Healthcare and Benenden Wellbeing Limited to offer a range of health screening and health care services to members of Benenden and the general population. This will be branded Benenden Health Assessment.

Outline of the partnership:

· Benenden Health Assessment will be delivered in partnership with BMI Healthcare and Screenetics, a subsidiary of Ultrasis.
· The health assessments will be available to c.900,000 members of Benenden Wellbeing Limited's parent, the Benenden Healthcare Society, their families and to the general public.
· They will be available across the UK and delivered from our network of clinics, mobile vehicles and at BMI Healthcare hospitals.
· The screenings are priced from £89 to £499.
· Benenden Wellbeing will be promoting the offer throughout their membership through a marketing campaign using their magazine, social networking and call centre activity.
· BMI Healthcare is the UK's largest independent provider of private healthcare with 62 hospitals and healthcare facilities throughout the country.
· All Benenden Healthcare Society members will be offered the opportunity to complete the newly developed Ultrasis Health Risk Assessment ("HRA") which is available from a wide range of devices including smart phones and tablets. The HRA has been developed specifically to support this partnership and is designed to encourage personal health and wellbeing.

Board Changes and Financing Update

The Company announces that Gerald Malone and Michael Mills, who have been non-executive directors for 14 and 11 years respectively, have resigned with immediate effect. The Board thanks them for their years of service and valuable input.

John Smith, CEO, will become interim Executive Chairman following Gerald Malone's departure and the Company will now seek an alternative Chairman and non-executive director to provide an appropriate board structure.

As initially announced on 29 January 2013, the Company has loan facilities in place with Paul Bell, a substantial shareholder in the Company, of which approximately £700,000 was undrawn at the end of September 2014. Under the terms of the loan facilities, the Company is entitled to draw down funds to a maximum amount of £1 million in any rolling 12 month period, a limit the Company has already reached, However, Mr. Bell has recently written to the Company stating that he is prepared to continue to consider on-going requests for draw-downs under the loan facilities which are in excess of the rolling limit, subject to, inter alia, a review of the Company's short and medium term working capital requirements and the Board seeking cancellation of the Company's shares to trading on AIM.

Consequently, the Board intends shortly to send a circular to shareholders seeking the cancellation of the Company's shares to trading on AIM. Further announcements will be made in due course.

The end.

Correct me if I'm wrong but didn't that Gerald Malone have something to do with that fiasco of a company we all came to love as Meldex ?

If he was, then that explains a lot! :o)

My Million shares all gone after a couple of extra trades yesterday morning - bought @0.07p and sold @0.177p - still ended up @50% down on total holding.

Even if ULT is delisted from AIM, viablity of the business is paramount to maintain asset value of the company and the key shareholder seems to want the company to continue, or be sold off to clawback his investment - allegedly!

Recent RNS from ULT say they are heading to profitability possibly next year, especially with the continuance of the rolling loan facility, so should be corporately viable considering the international 'ramp-up' of mental health treatment services.

Also looks like vast amounts of shares are being 'mopped-up' at give-away low prices by someone!!

I'm sure that the FSA will monitor how ULT is transcending this difficult situation, especially from the point of the ULT 60 employees.

I have decided to hold / average up my holding for the same £-stake, and would not be surprised if it works out OK for all shareholders in the end.

DYOR, as this is not advice or meant as defamatory to any party.

HAb

Good luck Hiram - as you can see from the thread, I've been a long term holder - in fact I still have a few in certificate form from the 1990's from the mid 30ps from memory - it may well all turn out well in then end, but I finally lost patience.