Bally Total Fitness Opens First Mexico Franchise; First of Many State-of-the-Art Bally Total Fitness Franchised Facilities Now Open in Monterrey, Mexico.Business Editors CHICAGO--(BUSINESS WIRE)--April 30, 2004 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. (R) (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. ) today announced the opening of the first Bally Total Fitness franchise in Mexico, located in Monterrey, the capital of the state of Nuevo Leon. The Company plans additional franchised facilities in Monterrey, Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi and other major cities in the near future. "Bringing the Bally Total Fitness brand to Mexico is a tremendous step for our company," said Paul Toback, chairman 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. , Bally Total Fitness. "With its proximity to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and increased focus on healthy living, Mexico is a great opportunity for Bally bally Adjective, adv Brit old-fashioned, slang extreme or extremely: a bally nuisance, he's too bally charming for his own good Adj. 1. . We will answer the much-needed call for total fitness solutions for the people of Mexico." The Bally Total Fitness club in Monterrey provides members with state-of-the-art equipment, as well as popular group exercise classes, including Yoga, Pilates and SPINNING(R). In addition, the club will offer a retail store with juice bar, personal training services, as well as a child care area. "Entering the Mexican market is just the beginning. Over the next several years we will identify and position ourselves in many key global markets by rolling out a master franchise plan," said Ben Amante, who directs franchising worldwide for Bally Total Fitness. "Fitness is a universal service because no matter what the culture is, good health and feeling good about yourself is a universal desire." Bally Total Fitness is partnering with Consorcio Spectrum, S.A. de C.V. to develop ten clubs over the next eight years. Consorcio Spectrum was formed by a group of Mexican investors to develop and operate health fitness facilities in Mexico. Its management and shareholders have extensive real estate and venture capital investment experience. Julio Heckmuller, the CEO of Consorcio Spectrum said, "We are thrilled with the opportunity to work with Bally Total Fitness to bring the Bally concept to Mexico. Bally Total Fitness is not only the world's largest operator of health club facilities, but it is also a true innovator in physical fitness. Bally is the unquestionable leader in the development of exercise and physical training programs, introduction of state-of-the-art exercise equipment and health club facilities. With the opening of our first club in Monterrey, we have taken the first step toward our goal of providing enjoyable, effective and affordable fitness to the Mexican population." 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, Mexico, Asia and the Caribbean under the Bally Total Fitness(R), Crunch Fitness(SM), Gorilla gorilla, an ape, Gorilla gorilla, native to the lowland and mountain forests of western and central equatorial Africa. It is the largest of the apes, the males reaching a height of 5 to 6 ft (150–190 cm) with a 9-ft (144–cm) arm spread. Sports(SM), Pinnacle Fitness(R), Bally Sports Clubs A sports club, athletics club or sports association is an eclectic institution oriented to multiple sports, which fields many teams and has varied sports departments in several sports, working under the same umbrella organization. (R) and Sports Clubs of Canada(R) brands. With an estimated 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. |
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