SOURCE: Rapid Fitness, Inc.

September 18, 2007 08:30 ET

Rapid Fitness, Inc. Announces Merger and Nine Figure Capital Contribution

FT. LAUDERDALE, FL--(Marketwire - September 18, 2007) - Rapid Fitness, Inc. (PINKSHEETS: RPDI), a publicly traded company currently on the Over the Counter, announces Merger/Capital Contribution by and between Duxplore Inc, Pegasus Capital Group SA and Rapid Fitness, Inc. Duxplore Inc, a Nevada Corporation, together with Pegasus Capital Group SA, a Panama Corporation, has confirmed that they have agreed to a merger with Rapid Fitness and/or deposit with Rapid Fitness, Inc., as a capital contribution, an amount no less than $173,000,000.00 (one hundred seventy three million USD). The exact terms, conditions and details of the capital contribution and/or merger with Rapid Fitness, Inc. shall be disclosed upon finalization of negotiations.

CEO Anthony Mellone stated: "The Board of Directors was very pleased with this merger. Combining our forces with Duxplore Inc and Pegasus Capital Group SA shall give Rapid Fitness, Inc. the ability to build a stronger platform thus allowing Rapid Fitness, Inc. to excel rapidly. We shall begin to change the structure of the company together in a positive way and will proceed forward with our business plans. Plans are currently being reviewed to build an International fitness center resort."

Confirmation Letter: Please click on link below:

http://www.rapidfitness.com/letter.html

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 Global Web TV, 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.

Contact Information

  • Contact:
    Tom Nelson
    480-326-8577