WEQL WellQuest Medical and Wellness Corp (CE)

WellQuest Medical & Wellness Corporation (the �Company� or �WellQuest�) (OTCBB:WEQL), announced revenues of $930,336 in the three months ended March 31, 2009, a historical record for the Company. Quarterly revenues increased 9% over 2008 first quarter revenues of $851,546.

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% over the prior year�s first quarter. Additional medical staff providers were engaged to meet increased demand.

The Company reported an operating loss of $46,580 in the recent quarter compared to operating income of $105,077 in the first quarter of the prior year. Net loss for the first quarter of 2009 was $100,504 or $0.004 per share, compared to a net profit of $35,500, or $0.002 per share in the first quarter of 2008. Operating and net income results were impacted by an increase in corporate expenses related to the Company becoming publicly traded as well as higher operating costs in the medical clinic associated with supporting higher service revenues. The rise in expenses was partially offset by increased efficiencies and resulting reduction in operating costs in the Company�s medical aesthetics segment.

�We continue to see that our business model for integrated health and wellness is gaining increased traction in our market. This is evidenced by the record revenues achieved this quarter. We believe WellQuest has a service oriented approach to healthcare that will meet with similar success in additional locations carefully chosen across the U.S.,� stated WellQuest CEO Steve Swift.

About WellQuest Medical & Wellness Corporation

WellQuest offers its innovative concept in healthcare delivery by integrating conventional and complementary physician medicine with wellness, and aesthetic services in one center, creating an effective environment for the pursuit and maintenance of a healthy life. WellQuest�s unique model for healthcare helps customers get well, stay well, and look well. Currently operating in Bentonville, Arkansas, WellQuest seeks to open locations across the U.S.

In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

WELLQUEST MEDICAL & WELLNESS CORPORATION

(formerly HQHealthQuest Medical & Wellness Centers, Ltd.)�

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Consolidated Statements of Operations

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For the three months ended March 31, 2009 and 2008

(Unaudited)

� � 2009 � � 2008 � � Net revenue $ 930,336 $ 851,546 � Operating expenses: Salaries, wages and benefits 305,360 294,944 Rents and facility expenses 72,581 74,852 Clinic direct expenses, excluding salaries, wages and benefits 351,067 239,140 Spa direct expenses, excluding salaries, wages and benefits 77,437 57,850 General corporate expenses 141,876 52,628 Depreciation and amortization � 28,595 � � 27,055 � � Total operating expenses � 976,916 � � 746,469 � Operating income (loss) (46,580 ) 105,077 � Interest income (expense): Interest income - 2,702 Interest expense � (53,924 ) � (72,279 ) � Net interest expense � (53,924 ) � (69,577 ) � Net income (loss) applicable to common stock $ (100,504 ) $ 35,500 � � Income (loss) per common share: Basic $ (0.004 ) $ 0.002 � Diluted $ (0.004 ) $ 0.001 � Weighted average number of common shares outstanding: Basic 23,716,361 23,082,250 � Diluted 23,716,361 25,285,000

WELLQUEST MEDICAL & WELLNESS CORPORATION

(formerly HQHealthQuest Medical & Wellness Centers, Ltd.)�

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Consolidated Balance Sheets

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March 312009

December 312008

(Unaudited) � Assets Current assets: Cash $ 99,680 $ 103,265 Accounts receivable, less allowance of $204,941 and $235,348 atMarch 31, 2009 and December 31, 2008, respectively 263,177 293,363 Other current assets � 69,660 � � 50,737 � � Total current assets 432,517 447,365 � Property and equipment, net � 361,229 � � 387,125 � � Total assets $ 793,746 � $ 834,490 � � Liabilities and Stockholders' Deficit Current liabilities: Line of credit $ 202,494 $ 202,494 Accounts payable 235,033 293,312 Accrued liabilities 240,914 207,329 Due to physicians and related parties 556,842 545,823 Note payable to related party - 349,608 Current maturities of long-term debt 490,163 517,324 Current obligations under capital leases 24,901 23,902 Current maturities of subordinated debentures payable to stockholders, net of unamortized discount of $8,547 and $17,093 at March 31, 2009 and December 31, 2008, respectively � 531,955 � � 523,409 � � Total current liabilities 2,282,302 2,663,201 � Long-term debt to related party 443,123 - Long-term obligations under capital leases, less current portion � 112,034 � � 118,646 � � Total liabilities � 2,837,459 � � 2,781,847 � � Stockholders' deficit:

Preferred stock - $.01 par value; authorized 2,500,000 shares 75,000 designated as Series A convertible preferred stock; 37,440 shares issued and outstanding

374 374 Common stock - $.001 par value; authorized 150,000,000 shares; 23,716,361 shares issued and outstanding 23,716 23,716 Additional paid-in capital 1,267,178 1,263,030 Warrants outstanding 177,000 177,000 Accumulated deficit � (3,511,981 ) � (3,411,477 ) � (2,043,713 ) � (1,947,357 ) � Total liabilities and stockholders' deficit $ 793,746 � $ 834,490 �