WellQuest posts 1Q loss of $100,000; revenue rises.(WellQuest Medical & Wellness Corp.)(Financial report)(Brief article)

WellQuest Medical & Wellness Corp. of Bentonville (OTCBB: WEQL) lost $100,504, or four-tenths of a penny a share, in the first quarter, corn pared with net income of $35,500, or one-tenth of a penny a share, for the first quarter of 2008.

Revenue, however, was up 9 percent to $930,336 in the first three months compared with $851,546 last year Revenue growth was driven by increasing demand for services in both the clinic and aesthetics services segments of the business. Total client visits were up 10 percent over the prior year's first quarter.

Additional medical staff providers were engaged to meet increased demand.

The loss was brought about by corporate expenses related to the company becoming publicly traded as well as higher operating costs in the medical clinic associated with supporting higher service revenue, according to the company news release.

"We continue to see that our business model for integrated health and wellness is gaining increased traction in our market," said CEO Steve Swift.

"This is evidenced by the record revenues achieved this quarter."

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