ActFit.com Inc: Olympus Fitness Centers Joins CLUBsite Internet Network.Business Editors LOS ANGELES--(BUSINESS WIRE)--Dec. 19, 2000 ActFit.com Inc (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ACTFF)(CDNX CDNX See Canadian Venture Exchange (CDNX). :YAC YAC yeast artificial chromosome. .U)(DAX:FIK FIK Flying Insect Killer FIK Fault Isolation Kit FIK Flange Insulation Kit .) of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Toronto, operator of www.actfit.com, the leading developer of interactive software solutions for the fitness industry, announced today that Olympus Fitness Centers of Virginia has joined the CLUBsite Internet Network, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ActFit.com Inc., and will sell the Body of Knowledge software program to its membership. Olympus operates 25 clubs and has a membership in excess of 50,000. "We are very excited to have an innovative and cutting edge company like Olympus working with us," said Perry Tucciarone, ActFit Vice-President of CLUBsite Internet Network. "Olympus has activated the program in three of their facilities and have already ordered in excess of 200 CDs. Olympus expects these figures to grow substantially as the program is implemented in the remaining clubs," added Mr. Tucciarone. "The Body of Knowledge program will provide our members with a tool to help them get the most out of their membership", said Rick Bucinell, General Manager of Olympus Fitness Centers. "Many members cannot remember what each and every exercise in their program is and Body of Knowledge provides them with a video description from three separate angles. We expect the program to decrease our attrition rate Noun 1. attrition rate - the rate of shrinkage in size or number rate of attrition rate - a magnitude or frequency relative to a time unit; "they traveled at a rate of 55 miles per hour"; "the rate of change was faster than expected" for new members," added Mr. Bucinell. ActFit has developed a number of interactive software applications for the health and fitness consumer market including Body of Knowledge and the award winning Active Trainer. ActFit provides these products in both CD and online format. Through CLUBsite Internet Network Inc., ActFit has established a proprietary distribution channel for these products. The member health and fitness clubs of the CLUBsite Network sell the Body of Knowledge and Active Trainer products in CD or Online form to their members in face to face transactions and ActFit provides just in time inventory management via the club website and the Internet. The member club does not have to inventory the products and can have ActFit ship the product directly to the customer. In return for this real time inventory service, ActFit is the exclusive interactive software provider for the CLUBsite member club. ActFit.com is a developer of interactive online software for fitness and sport performance including the award winning Active Trainer Online and Body of Knowledge. ActFit.com also develops network technology for the fitness club industry including CLUBsite Internet Network and CLUBsite Purchasing Network. To learn more about Actfit.com software and networks please visit www.actfit.com. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and comments in this press release are made pursuant to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934. Such statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, the prospects for the company to increase the level of sales, complete future web sites or complete future acquisitions are necessarily subject to risks and uncertainties, some of which are significant in scope and nature, including, but not limited to, the risks related to the demand for the company's products and/or services, competition, and availability of capital. The information herein has not been approved or disapproved by regulatory authorities. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion