SOURCE: Rapid Fitness, Inc.

June 08, 2007 11:41 ET

Rapid Fitness, Inc. Announces Second Location and Has Signed an Agreement With Balance Body

FT. LAUDERDALE, FL--(Marketwire - June 8, 2007) - RAPID FITNESS, INC. (PINKSHEETS: RPDI), a publicly traded company currently on the Over the Counter, announces they have signed an agreement with BALANCE BODY for equipment to place a reformer/trapeze combination Pilates center in the Hollywood flagship store and our newest location in West Palm Beach. Earlier this week we closed with a purchase agreement with the Dance Connection of West Palm Beach. Pamela Wallace, owner / instructor, teaches aerobics, stretch classes and dancercise, as well as all styles of dancing throughout the evenings. We are looking to introduce our Pilates reformer/trapeze combination and exercise equipment in this location as well later this month.

Pamela Wallace commented, "I am very excited with this new structure and very happy to be a part of Rapid Fitness; we are planning to place a Pilates center and exercise equipment in the studio as part of our plan."

Anthony Mellone, CEO of Rapid Fitness, comments: "This is a great start for Rapid Fitness. As of yesterday, we have received over 50 inquiries for franchises through the web site and are presently contacting everyone with interest in opening a franchise across the US. The company is in talks with several other fitness facilities that have positive revenues to put towards the company's balance sheets. I am also looking for other facilities across the US that may have interest in being part of the franchise with positive revenues."

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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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