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Vein Associates of America, Inc. Closes Acquisition of Alabama Vascular & Vein Center

Vein Associates of America, Inc. (PINKSHEETS: VNAA), operator of advanced medical facilities devoted exclusively to the treatment of vein disease, announced today the closing of its acquisition of Alabama Vascular and Vein Center from its founder John R. Kingsley, MD, FACS, RVT. Dr. Kingsley's practice becomes part of the Vein Associates' network of medical facilities and Dr. Kingsley was appointed Chairman of the Board of Directors at Vein Associates upon the closing of the acquisition. Further details of the transaction were not disclosed.

Eric Luetkemeyer, CEO of Vein Associates of America, said, "This acquisition cements Dr. Kingsley's practice as the keystone in the Vein Associates' network. The business will provide us a positive EBIDTA immediately, and the clinic is one of the busiest that I have seen. Recent additions to the practice include an extra 3,000 square feet of revenue producing space and another Physician, Dr. James Isobe, MD, FACS, RVT. The productivity and efficiencies that they have sustained are impressive. Their level of patient care is first rate and the culture in the office is a 'Team Building' experience for all employees and Physicians. John has done an excellent job of building his business and is excited about the opportunity to take what he has accomplished at the local level and move that to a national level. That said, the primary reason for this acquisition is the clinical talent, real world experience, clinical leadership and training ability of Dr. Kingsley. Not only is he recognized as one of America's Top Surgeon's, but he has also trained dozens of other vein surgeons and through this purchase, we hope to have access to their abilities and talents as well."

Dr Kingsley said, "This sale brings a market reach for my practice that I would not otherwise have. Vein Associates will be able to give my patients the kind of care upon which I insist. Because they believe, as I do, that personal medical care should be personal and that if what we are doing as a group is not helping people, then we are in the wrong business. Their entire focus and full-time commitment is the care of the patient's varicose veins, spider veins, or hemorrhoids. Unlike most offices, they do not dilute this focus by performing countless other procedures. They are specialists who give their patients special treatment."

Dr. Kingsley received his Doctor of Medicine degree from the University of Florida College of Medicine in Gainesville, Florida. Upon completing his internship and residency in surgery at the Bethesda Naval Hospital in Bethesda, Maryland, he worked as a physician and surgeon for the United States Navy, earning a Navy Commendation Award for his work in the Medical Corps. A Diplomate of the American Board of Surgery, Dr. Kingsley was certified in both vascular surgery and general surgery. In 1998 he was certified as a Registered Vascular Technologist.

Recognized as one of the Top Surgeons in America by the Consumers' Research Council of America, Dr. Kingsley has written numerous scientific publications on general surgery, vascular disease and vascular surgery. A member of the Alabama Vascular Society, the American College of Surgeons and the American College of Phlebology, he is regarded as one of the top vascular surgeons in Alabama and the United States for the treatment of vein disease.

Dr. Kingsley also teaches seminars on the new standards of care in the modern era of vascular treatment. His seminars on duplex ultrasound, laser and sclerotherapy treatment have emerged as modern strategies for treating vascular disease.

Vein Associates specializes in the treatment of vein disorders, which are increasingly common owing in part to the aging of the American population. The most common disorders are varicose veins, spider veins and hemorrhoids.

To treat varicose veins, the physicians at Vein Associates largely rely on endovenous laser therapy and or radio frequency ablation. With endovenous laser therapy, physicians use a high-resolution color ultrasound to accurately diagnose and treat the location of the troublesome veins. Once located, a fiber-optic laser is inserted into the vein and will use concentrated energy to collapse it. The laser is then slowly withdrawn and the vein closes. The vein quickly becomes harmless fibrous tissue and is gradually absorbed by the body, successfully eliminating the varicose vein altogether. Alternatively, the doctor may use radio frequency ablation. In this treatment, physicians use a bipolar generator and catheters with sheathable electrodes. Similar to laser therapy, ultrasound is used to locate the troublesome veins. Once located the catheter is inserted into the saphenous vein above or below the knee. The catheter emits radio frequency energy, which heats and collapses the vein walls. As the heat energy causes the vein walls to collapse the catheter is slowly removed along the vein until the entire vessel has been treated. Radio frequency is less invasive than traditional surgical stripping and with less downtime for patients.

The treatment of spider veins is a bit different, relying on sclerotherapy. Developed and used by physicians since the early 1930's, sclerotherapy has been the most effective treatment method for eliminating unsightly and embarrassing spider veins. Sclerotherapy uses a fine and nearly painless needle. Treatment involves injecting a small amount of a sclerosing solution into the affected veins. Veins dry up and become absorbed by the body's natural healing process. Sclerotherapy alone cannot always find all the small feeder veins that cause spider veins. For more effective and longer-lasting results, Vein Associates has developed a new method to locate these superficial feeder veins. With the use of an advanced device called the Veinlite, physicians are able to locate these hard to find veins using a method called Transilluminated Sclerotherapy(TM). The Veinlite transilluminates or "lights up" the skin so the feeder veins can be easily spotted. Sclerotherapy is then used to eliminate the veins, thereby making the treatment of the overlying spider veins more effective.

When treating hemorrhoids, from which 78% of the population will suffer at one stage or another in their lives, Vein Associates utilizes a unique, FDA-cleared treatment for which it has the exclusive rights. Called the KM-25, physicians perform a minimally invasive procedure for severe hemorrhoids called Hemorrhoidal Artery Ligation or HAL for short. Over 200,000 procedures have been performed over the past five years and published studies have shown it to be 95% effective in the permanent elimination of hemorrhoids that would normally require a traditional hospital hemorrhoidectomy.

The KM-25 device is gently inserted into the anal canal and arteries that feed the hemorrhoids are located by listening to the sound transmitted via the "Echo Sounder," which is connected to the instrument. The physicians then ligate or "tie-off" the arteries. Once the lifeline is cut off, the hemorrhoid can no longer survive and eventually dries and dissolves. The procedure does not require the use of anesthesia or medication and patients return to a normal lifestyle almost immediately.

As an alternative, Vein Associates may use Infrared Coagulation, a safe, effective nonsurgical treatment for hemorrhoids. A small probe connects to the area above the hemorrhoid and exposes the tissue to a quick burst of infrared light. This coagulates the veins as they enter the hemorrhoid causing it to shrink and recede. This modality is reimbursed by Medicare and most Health Insurance carriers.

About Vein Associates of America, Inc.

Vein Associates Of America, Inc. operates advanced and well-equipped medical facilities devoted exclusively to the treatment of vein disease in Boca Raton, Tampa, Orlando, and Heathrow Florida; Lexington, South Carolina; Long Beach Island, New Jersey; Kerrville, TX; Birmingham, AL and Edina, Minnesota. The Company has established and is rapidly expanding highly specialized, professional medical treatment centers comprised of new and effective techniques available in vein treatment. For more information, please visit our website: http://www.noveins.com and Dr. Kingsley's at http://www.alabamavascular.com.

Safe Harbor Statement: Forward-looking statements in this release with respect to Vein Associates Of America, Inc. business, financial condition and results of operations, as well as matters of timing and the prospective terms of the transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Vein Associates Of America's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in Vein Associates Of America's filings with the Securities and Exchange Commission.