WellBiz Brands, Inc. Announces Acquisition of Amazing Lash Studio Franchise Brand

ENGLEWOOD, Colo.–(BUSINESS WIRE)–#acquisition—WellBiz
Brands, Inc., a franchise portfolio company operating three distinct
health and wellness brands – Elements
Massage®, Fitness
Together® and FIT36®
– announces it has acquired the Amazing
Lash® Studio franchise brand.

Amazing Lash Studio, the leading provider of affordable eyelash
extensions, was founded in 2010 and operates over 200 franchise
locations in 33 states. Amazing Lash Studios are retail salons that
apply semi-permanent eyelash extensions with a proprietary, patented
process to the client’s own lashes, replicating the curve and size of
natural lashes. Entrepreneur Magazine ranked Amazing Lash Studio #5 on
their 2018 Top New Franchises list. The brand was also #260 on the Inc.
list of America’s 500 Fastest Growing companies.

“I am excited to welcome the Amazing Lash Studio brand, franchise owners
and support team to the WellBiz Brands portfolio of companies,” said
WellBiz Brands Executive Chairman Joe Luongo. “The addition of the
nation’s leading eyelash extensions franchise brand is a natural
expansion to the health and wellness businesses we already operate.”

Amazing Lash Studio, based in Scottsdale, Arizona, will be led by Chief
Executive Officer Heather Elrod. Elrod joined Amazing Lash Studio as
Chief Operations Officer in June 2016 and brings 25 years of beauty and
franchise experience to the WellBiz Brands’ leadership team. Elrod
states, “I’m thrilled for Amazing Lash Studio to be joining the WellBiz
Brands’ portfolio. By doing so, we will be able to build on our
extremely strong foundation and continue to accelerate studio growth,
product innovation and franchisee support so Amazing Lash Studio remains
the category leader in the eyelash extensions and retail beauty
industries.”

WellBiz Brands, a leader in the health and wellness industry, was
recently included on the Inc. 5000 list. The acquisition of Amazing Lash
Studio strengthens WellBiz Brands position by adding beauty to their
growing health and wellness portfolio. With its robust shared services
platform and infrastructure, WellBiz Brands is uniquely qualified to
serve the growing needs of the health-conscious consumer and will
continue to pursue investments that leverage this strength. To support
on-going growth, the company has significantly invested in its
leadership, creating a management team with experience from many diverse
and respected consumer companies.

Piper Jaffray served as financial advisor to WellBiz Brands on the
transaction. As part of the acquisition, Golub Capital provided WellBiz
Brands financing through a new credit facility to fund both this
transaction and future growth.

About WellBiz Brands, Inc.

WellBiz Brands, Inc. is the manager of four health, wellness and beauty
franchise brands: Amazing Lash Studio®, Elements Massage®, FIT36® and
Fitness Together®. Headquartered in Englewood, Colorado, WellBiz Brands,
has over 600 combined U.S. locations across the four brands. Through the
WellBiz Brands support staff, the brands strive to uphold these core
values: fun, ownership, respect, passion, and integrity. These core
values embody all that is important for each brand – from franchise
owners to clients – to lead healthy, balanced lives. All four brands
offer unique franchise opportunities for entrepreneurs from all walks of
life and various investment levels, with a fresh focus on recurring
revenue models. For more information about WellBiz Brands and its
franchise opportunities, visit WellBizBrands.com.

About Amazing Lash Studio®

Amazing
Lash Studio was founded in 2010 with a vision to be the leading
provider of affordable eyelash extensions. Amazing Lash Studios are
retail salons that apply semi-permanent eyelash extensions with a
proprietary, patented process to the client’s own lashes, replicating
the curve and size of natural lashes. The concept began franchising in
2013, and to date has over 200 open studios in 33 states and 714
Regional Developer Units awarded. They recently earned the rank of #5 on
Entrepreneur Magazine’s Top New Franchises for 2018 and were ranked #260
on the Inc 500 List. To learn more about Amazing Lash Studio® and
franchise ownership opportunities, visit www.amazinglashstudio.com.

Contacts

Decibel Blue on Behalf of WellBiz Brands
Andrea Kalmanovitz
(480)
894-2583
andrea@decibelblue.com