OTC Bulletin Board S & P Company Insight for WELLTEK INC
Profile
	Business Summary: Welltek Incorporated operates as a health, fitness and wellness company that provides solutions to help address the challenges of obesity and chronic neck and back pain. It manufactures and distributes the MedX line of medical and fitness equipment.   Address   1030 North Orange Avenue, Suite 105   Orlando , FL 32801   Phone: 407-704-8950   Fax: 407-704-8951   Website: http://www.welltekinc.com Auditor   Jewett, Schwartz, Wolfe & Associates Transfer Agent   Signature Stock Transfer, Inc. Employees:  20 ShareHolders:  122 Founded:  2009 Domicile:  Nevada
Background
	WellTek Incorporated operates as a health, fitness and wellness company that provides solutions to help address the challenges of obesity and chronic neck and back pain. The company's operating divisions include MedX Limited and Pure HealthyBack. MedX Limited is the manufacturer and distributor of the MedX line of medical and fitness equipment. Pure HealthyBack is building a national network of medical back and neck rehabilitation centers offering managed care companies, self-insured employer groups and federal government agencies a proprietary program which is designed to substantially reduce spine treatment costs and get patients out of the formal healthcare system. MedX products achieve training efficiency through resistance curves matched to tested and proven strength profiles. They operate at a very low level of friction using bio-mechanical precision and offer a choice of resistance in two-pound increments. The MedX Lumbar Extension Machine provides functional testing and spinal therapy. The MedX Cervical Extension Machine is similar to the MedX Lumbar Machine in that it isolates the deep musculature that normally stabilizes the spine. Pure HealthyBack uses MedX medical machines and rehabilitative exercise protocols to help patients resolve chronic back and neck pain. Treatment is directed by staff physicians and administered by exercise physiologists and athletic trainers. The protocols emphasize aggressive muscle strengthening to restore function and promote patient independence so the patient does not re-enter the healthcare system. History:  INCORPORATED in Nevada Jan. 23, 2009, as Pharmacity Corporation; name changed to WellTek Incorporated Sept. 29, 2009. On Nov. 12, 2009, MedX Systems, Inc., a Florida corporation, merged into WI Acquisition, Inc., a wholly owned subsidiary of the the company. Concurrently with the closing of the merger, each issued and outstanding Common share of MedX was converted into 5.4127574 Common shares of the company. MedX Systems, Inc. was established in June 2008.   Subsidiaries: MedX Limited Pure Healthy Back, Inc. WI Acquisition, Inc.
Management
	Management Officers Position  Randy  Lubinsky Chairman & Chief Executive Officer  Mark  Szporka Secretary, Treasurer & Chief Financial Officer  Dodi  Handy Investor Relations Contact Directors  Randy  Lubinsky  Mark  Szporka
Annual Report
	Annual Report   Income Statement   2009 2008 Revenues 2,541 2,202 Cost of revenues 1,283 1,616 Gross profit 1,258 586 Operating expenses 2,529 2,655 Other income (expense) - (47) Depreciation 116 67 Interest expense 336 5 Net income (1,723) (2,188) Share earns. basic ($0.03) ($0.05) Share earns. diluted ($0.02) ($0.04)   Balance Sheet   2009 2008 Assets- Cash 34 - Accts. rec., net 195 272 Inventories 97 271 Prepayments 17 27 Tot. curr. assets 343 570 Investments 100 - Net property 264 381 Total assets 707 951 Liabilities- Bank overdraft - 8 Notes payable 578 151 Due to related party 110 105 Cap. lease obligs. 23 40 Accts. pay. 387 599 Accruals 396 110 Other curr. liabs. 95 128 Total curr. liabs. 1,589 1,141 Stockholders' Equity Common stock, $.00001 par value 1 1 Treasury stock (120) (120) Paid-in cap. 3,149 2,117 Retained earnings (3,912) (2,188) Total Liabilities 707 951
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   Full Year 2,060,000     Quarterly Net Income   Data Not Available   Quarterly EPS, US$ Year Quarter Revenue   2008   Full Year (.12)
Stock Data
	Capitalization as of 03/31/2010:     Authorized Shares Outstanding Shares Common $0.00001 200,000,000 86,258,828 Preferred no par 5,000,000 None   LONG TERM DEBT: None.   Common $0.00001 par   Stockholders:  03/31/2010, 122. Transfer Agent:  Signature Stock Transfer, Inc.   Plano , TX   OTC Bulletin Board( Primary): WTKN   Exchange Year High Low OTC Bulletin Board 2009 12.0000 0.0800   DIVIDENDS: Common $0.00001 par: No cash. Common split 40-for-1, ex-Nov. 5, 2009.