Bally Total Fitness Appoints Paul Toback Chairman of the Board of Directors.Business Editors CHICAGO--(BUSINESS WIRE)--May 21, 2003 Bally Total Fitness Bally Total Fitness is an American health club chain with 400 gyms in 70 cities, and claims 4 million customers [1]. The chain has recently opened gyms in South Korea, China & the Bahamas. Holding Corporation (NYSE NYSE See: New York Stock Exchange :BFT (Binary File Transfer) An extension to the fax protocol that allows transmission of raw data. A page of text is transmitted faster than a bitmap of the page and is displayed at normal printer resolution at the receiving side. ), North America's leader in health and fitness products and services, announced today that Paul Toback has been appointed Chairman of the Board of Directors, effective immediately. "It is an honor and privilege to lead Bally Total Fitness," said Mr. Toback, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bally Total Fitness Corporation. "As the largest nationwide operator of fitness centers, with approximately four million members, we believe that we have enormous growth opportunities and a superb team of dedicated people to meet our consumers' ever-changing health and fitness product and service needs. I look forward to working closely with our Board of Directors, our senior management team and our 23,000 employees to maximize the true potential of the business." Mr. Toback joined Bally Total Fitness in 1997 as Vice President, Corporate Development and was named Senior Vice President, Corporate Development in 1998. Prior to joining Bally Total Fitness, he was Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Globetrotters Engineering Corporation, a worldwide engineering, management and development company. He also served as executive assistant to the Chief of Staff in the first administration of the Clinton White House, where he was a senior advisor to the President's Chief of Staff and managed the day-to-day operations of the White House. His White House responsibilities included helping lead the planning and execution of the 1994 Summit of the Americas The Summit of the Americas is the name for one of a sequence of summits bringing together the countries of the Americas for discussion of a variety of issues. These encounters are organized by a number of multilateral bodies led by the Organization of American States. and the successful campaign to pass NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's . Mr. Toback has also served as Director of Administration for the City of Chicago under Mayor Richard M. Daley Richard Michael Daley (born April 24, 1942) is a United States politician, member of the national and local Democratic Party and current mayor of Chicago, Illinois. He was elected mayor in 1989 and reelected in 1991, 1995, 1999, 2003, and 2007. and as an attorney in Chicago. He is a graduate of Stanford University and has a Juris Doctorate from the University of Chicago Law School The University of Chicago Law School, having recently celebrated its centennial in the 2002-2003 school year, has established itself as a high profile part of the University of Chicago. . About Bally Total Fitness: Bally Total Fitness is the largest and only nationwide, commercial operator of fitness centers, with approximately four million members and nearly 420 facilities located in 29 states, Canada, Asia and the Caribbean under the Bally Total Fitness(R), Crunch Fitness(SM), Gorilla Sports(SM), Pinnacle Fitness(R), Bally Sports Clubs(R) and Sports Clubs of Canada(R) brands. With more than 150 million annual visits to its clubs, Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers. For more information, visit www.ballyfitness.com. Forward-looking statements in this release including, without limitation, statements relating to the Company's plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, among others, the following: general economic and business conditions; competition; success of operating initiatives, advertising and promotional efforts; existence of adverse publicity or litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; acceptance of new product and service offerings; changes in business strategy or plans; quality of management; availability, terms, and development of capital; business abilities and judgment of personnel; changes in, or the failure to comply with, government regulations; regional weather conditions and other factors described in filings of the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
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