SOURCE: Intelligent Sports, Inc.

May 15, 2007 08:31 ET

Intelligent Sports, Inc. Announces Agreement to Acquire Fitness Consulting Firm

UPLAND, CA -- (MARKET WIRE) -- May 15, 2007 -- Intelligent Sports, Inc. (PINKSHEETS: IGTS) is pleased to announce that they have executed an agreement to acquire Global Retail Fitness Concepts, Inc., a fitness/spa consulting firm specializing in strength and fitness systems for the home. As part of the agreement, Global Retail Fitness Concepts will benefit from a capital investment plan for expansion, and the Companies will share marketing programs and fitness expertise.

Intelligent Sports, Inc. will acquire 100 percent of the Company in exchange for a number of preferred shares. Global Retail Fitness Concepts is based in Coral Gables, Florida, and its "Create Space for Exercise" kiosk features up-market, state-of-the-art equipment for use at home by the family. Featuring a complete personalized experience, kiosk customers will receive a customized workout program, nutritional guidance and targeted news letters providing the industry's latest updates in exercise. The Company recently completed a successful trial with Costco Warehouses in Canada and plans to expand its marketing program throughout North America.

"This is a mutually beneficial plan for both Companies and it provides a great symbiotic atmosphere for us to move forward and take the growth opportunity ahead of us. The expertise of both companies makes for a truly unique dynamic in the consumer fitness industry," stated a spokesperson for Global Retail Fitness Concepts.

"This is a historic event for Intelligent Sports, Inc. Our objective is to play a large role in the international expansion of Global Retail Fitness Concepts, while also promoting our brand of youth fitness programs," stated Thomas Hobson, CEO of Intelligent Sports, Inc.

About Global Retail Fitness Concepts, Inc.:

Global Retail Fitness Concepts is a fitness/spa consulting firm that has developed the "Create Space for Exercise" kiosk platform for the sales of consumer fitness, cardiovascular and strength equipment through the retail, wholesale and membership club industry segments. This value-added program gives customers a complete home fitness solution by providing exercise consultants with a world recognized equipment manufacturer. Included with the kiosks are workout programs, home installation, repair and maintenance.

About Intelligent Sports, Inc.: Intelligent Sports, Inc. (www.intelligentsports.net) provides organized youth fitness and academic programs that allow kids to grow athletically and intellectually. Whether it is tutoring, health development, or specialized fitness training -- Intelligent Sports will have something that will meet their general athletic and physical needs. Intelligent Sports will launch the business model in other targeted communities throughout the country over the next several years.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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Contact Information

  • Contact:
    Intelligent Sports, Inc.
    Investor Relations
    (866)-THE-APPL(E)