SOURCE: Rapid Fitness, Inc.

June 30, 2008 10:39 ET

Rapid Fitness, Inc. Announces Company Has Transferred All Websites to Global TV Network Ahead of Media Acquisition

FT. LAUDERDALE, FL--(Marketwire - June 30, 2008) - RAPID FITNESS, INC. (PINKSHEETS: RPDI), a publicly traded company currently on the Over the Counter, announced the Company has transferred all its websites to the Global TV networks ISP.

Ahead of the previously announced acquisition of the Company's online media assets together with the Global TV Network by an as-of-yet undisclosed OTC Bulletin Board company, Rapid Fitness has transferred its online media content sites to the Global TV Network, an international online broadcasting portal of global television content from countries the world over and in most spoken languages. The transfer includes Rapid Fitness' mainstream entertainment portals www.iptvsn.tv, iptven ertainment network, and www.kmtvn.com. Since the Company's previous announcement of the acquisition of www.kmtvn.com (Kids Music Television Network) by the Global TV Network nearly three weeks ago, the Global TV Network has gained over 200 new members without advertisement or promotion and despite the fact that the Network's official beta test system's launch is not scheduled until mid July (free to members for the first month while feeds from all countries are activated).

Rapid Fitness CEO Anthony Mellone stated: "We are very excited about the progress in mainstreaming the development of marketable online content portals. We will soon be announcing the acquiring (Bulletin Board) company, definitive agreements and deal structure, together with the real return to shareholders. We cannot stress the importance of shareholder value to the Company, and the finalization of this acquisition will exemplify our gratitude to loyal shareholders."

About Global TV Network:

The Global TV Network is an ISP Portal broadcasting in all languages around the world; their portal has been designed to open in 156 languages in all the top countries. They also stream TV programming in all languages any where in the world for the first worldwide TV broadcasting Network. Global TV Network broadcasting portal can be seen at www.globalweb.tv.

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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