ASIANET: Leading Hair Systems Manufacturer and Service Provider Acquires

World's Largest Hair Transplantation Practice

In a move designed to create the world's first comprehensive hair loss treatment company, Bosley Medical of Beverly Hills, California, announced today that it has been acquired by the world's leading hair systems manufacturer, Aderans Co., Ltd., of Tokyo, Japan (Tokyo Stock Exchange: 8170).

(Photo: http://www.newscom.com/cgi-bin/prnh/20010808/LAW095-a

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With 43 offices in the U.S. and Canada, Bosley Medical is recognized internationally as the leading provider of hair transplantation services. Founded in 1974 by hair restoration pioneer L. Lee Bosley, M.D., Bosley Medical has developed and perfected many of the surgical and artistic techniques that make today's hair transplantation results virtually undetectable.

"When I began my hair restoration practice nearly thirty years ago, with a small, one-doctor office and one nurse, little did I dream that we would end up having helped hundreds of thousands of individuals concerned with hair loss, throughout the United States and in over sixty other countries," said Dr. Bosley.

According to John R. Ohanesian, Bosley Medical's President for the past 11 years, "Aderans and Bosley Medical are a perfect match. Aderans is the dominant player in hair systems for men and fashion hair alternatives for women worldwide, with four U.S. subsidiaries located in Minnesota, Florida and California."

Ohanesian says his vision and that of Aderans' Chairman of the Board and President, Takayoshi Okamoto, are consistent. "We both envision a global company, with Bosley Medical's strength in the United States complementing Aderans' strong presence in Europe and Asia. The combination will be a pivotal base for worldwide market development."

Ohanesian also pointed out that Bosley Medical's established history of high quality patient care and operational and marketing expertise will be a powerful addition to Aderans' international network of manufacturing facilities and hair systems dealers. "The addition of Bosley Medical to the Aderans family of companies will help Aderans reach its goal of broadening its business scope to become a comprehensive hair care and hair loss solution provider -- beyond wigs and hairpieces, to include surgical and medical services," said Ohanesian.

Dr. Bosley will continue to perform hair restoration procedures in the Beverly Hills office. "I will continue to be involved in the training of newly affiliated and existing MD's and will continue in my role as chief spokesperson for the company," stated Dr. Bosley. In addition, Dr. Bosley will provide business and medical consultative services and, for an interim period, continue to function as Medical Director -- until a new permanent Chief Medical Officer is appointed.

Mr. Ohanesian continues as President of Bosley Medical and also assumes the position of Chief Executive Officer. All other management team members remain in place. The company will continue to market its services under the name Bosley Medical, and be headquartered in Beverly Hills.

For more information, contact George Fettig: Phone (310) 288-9999, Fax (310) 888-3469, email: [email protected].

SOURCE: Bosley Medical

CONTACT: George F. Fettig, Vice President, Marketing, of Bosley Medical, +1-310-288-9999, fax, +1-310-888-3469, [email protected]

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010808/LAW095-a

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Web site: http://www.bosley.com

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