The Sports Club Company announces the acquisition of controlling interest in Reebok Sports Club/NY.LOS ANGELES--(BUSINESS WIRE)--Dec. 30, 1996--The Sports Club Company Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :SCY SCY Security SCY Short Course Yards (swimming) ) Monday announced that it has acquired an additional interest in the Reebok Ree´bok` n. 1. (Zool.) The peele. Sports Club/NY from RFC (Request For Comments) A document that describes the specifications for a recommended technology. Although the word "request" is in the title, if the specification is ratified, it becomes a standards document. Inc., a subsidiary of Reebok International Ltd., for $2,525,000. This acquisition brings the company's total interest in the New York club to 50.1 percent. The company will consolidate the operations of the Reebok Sports Club/NY in its financial reports beginning with the quarter ending March 31, 1997. "The Reebok Sports Club/NY has been extremely successful, with membership recently exceeding 7,000," said D. Michael Talla, chairman and chief executive officer. "Our consolidated operations will now include the three premier Sports Clubs in the U.S." The Sports Club Company operates upscale health and fitness clubs under The Sports Club and Spectrum Club names. The company currently operates seven clubs in Southern California and the Reebok Sports Club/NY in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The company has clubs under development in Valencia, Calif., and Houston. CONTACT: The Sports Club Company Inc., Los Angeles John M. Gibbons, 310/479-5200 |
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