EXHIBIT 99.1

                        HAIRMAX INTERNATIONAL BECOMES A
                       BUSINESS DEVELOPMENT COMPANY (BDC)


     HAIRMAX  INTERNATIONAL  INC.(HRMX)  MANAGEMENT ANNOUNCED TODAY THAT HAIRMAX
INTERNATIONAL  INC.  HAS  FILED  AN  ELECTION  TO  BECOME A BUSINESS DEVELOPMENT
COMPANY,  WITH  THE  U.S.  SECURITIES  EXCHANGE  COMMISSION,  AND  TO BE FURTHER
REGULATED  UNDER  THE  INVESTMENT COMPANY ACT OF 1940, PURSUANT TO SECTION 54 OF
THE  ACT.  THE COMPANY IS MAKING THIS TRANSITION TO A BDC TO FURTHER ENHANCE ITS
OPPORTUNITIES  TO  INVEST  IN  SELECTED  BUSINESSES  IN  THE  BEAUTY AND RELATED
INDUSTRIES  IN  ORDER  TO  FURTHER  BUILD  AND  DEVELOP THE COMPANY.  ADDITIONAL
CHANGES  INCLUDE  THE PLANNED RESTRUCTURING OF THE BOARD OF DIRECTORS SO THAT IT
WILL  CONSIST  OF  A MAJORITY OF INDEPENDENT DIRECTORS, AND THE FORMATION IN THE
FUTURE  OF  A  BUSINESS  INVESTMENT COMMITTEE TO ADVISE ON POTENTIAL ACQUISTIONS
FOR  THE  COMPANY.

EDWARD  A.  ROTH, PRESIDENT AND CEO STATED "WE LOOK FORWARD TO THE MANY BENEFITS
AND  CHALLENGES OF BECOMING A BUSINESS DEVELOPMENT COMPANY. THIS TRANSFORMATION,
WILL HELP WITH OUR PLANS TO GROW BY INVESTMENT AND ACQUISTION, AND WILL POSITION
US  IN  THE  SAME LEAGUE AS MANY SUCCESSFUL BDCS PRESENTLY TRADING ON THE NASDAQ
AND  OVER-THE-COUNTER  BULLETIN  BOARD  EXCHANGES".

Hairmax International, Inc. is a Business Development Company, operated pursuant
to  the  Investment  Company  Act  of  1940.  It  holds  various  enterprises as
investments,  and  seeks  to  develop  companies in which it has an interest. It
specializes in business development within the personal services industry. These
include  the  company's  HAIRMAX subsidiaries, as well as future acquisitions of
existing  businesses  that  further  serve  to  enhance  the  company's business
operations.

This  press  release  may  include  statements that constitute "forward-looking"
statements  usually  containing  the  words  "plans,"  "expects,"  "believes,"
"projects," "intends" or similar expressions. Forward-looking statements involve
risks  and  uncertainties  that  could cause actual results to differ materially
from  the  forward-looking  statements. The risks and uncertainties are detailed
from  time  to  time  in  reports  filed  by the company with the Securities and
Exchange  Commission  including  forms  8k,  10sb,  and  10-ksb. These risks and
uncertainties  include,  but are not limited to the following: Company's limited
working  capital, competitive nature of hair services, consumer spending habits,
legal and economic uncertainties, and changes in consumer shopping trends and or
availability  of  financing.

Contact  Information:  Hairmax International Corp., Coral Springs,Florida Edward
A.  Roth,  954-825-0299  URL:  http://www.hairmax.cc corporate@hairmaxsalons.com