SOURCE: Rapid Fitness, Inc.

July 30, 2008 11:10 ET

Rapid Fitness, Inc. Announces Global TV Network Acquisition Structure

FT. LAUDERDALE, FL--(Marketwire - July 30, 2008) - Rapid Fitness, Inc. (PINKSHEETS: RPDI), a publicly traded company currently on the Over the Counter exchange, announced that as of last month, Rapid Fitness sold all its Media assets to Global TV Network which included the Kid's Music Television Network (www.kmtvn.com), IPTV Sports Network and Entertainment Network with its Internet Equipment. Global TV Network has completed the definitive agreements with UC Hub, Inc. regarding Global TV Network sale of its assets and ISP (www.globalweb.tv) and online content providing portal. While the terms of the sale will remain undisclosed, management stated that shareholders of Rapid Fitness can anticipate a dividend, regulating to the sale, to be announced in the near future.

"We are pleased to have closed the deal with UC Hub subsidiary Global TV Network, Inc., and will be announcing many new developments for Rapid Fitness and its shareholders," said Rapid Fitness CEO Anthony Mellone.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Rapid Fitness, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.

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