Rapid Fitness, Inc. Announces Company Statement and Acquisition With Global TV Network, Trading on the OTCBB Has
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FT. LAUDERDALE, FL, Jun 19 (MARKET WIRE) --
RAPID FITNESS, INC. (PINKSHEETS: RPDI), a publicly traded company
currently on the Over the Counter, announces we have an agreement with
Global TV network, a Subsidiary trading on the OTC Bulletin Board
(Holding Company soon to be announced), has offered to purchase our
mainstream entertainment subsidiaries. Rapid Fitness board of Directors
has agreed to Global TV Network acquiring these subsidiaries in a stock
acquisition agreement. IPTV Entertainment Network -- KIDS MUSIC TV
Network -- IPTV Sports Network.
Anthony Mellone Stated: "This is the best move we have made since we have
begun operations. This agreement supports all our investments and
shareholders into a stronger position. The purchasing shares shall be
divided among all the shareholders of Rapid Fitness. Rapid Fitness, Inc.
shareholders shall receive shares in Global TV Network and retain the
shares presently held in RPDI. Amore TV may remain in (RPDI) or spun out.
Amore TV will work together with the Global TV Network supplying content
for the hospitality network of Global TV Network for their Hotel division
network. We believe this is a strong move for Rapid Fitness shareholders
and we are very excited to complete this agreement."
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:
View ISP Portal: (sign up free to view)
www.globalweb.tv
www.kmtvn.com
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.
Contact:
Rapid Fitness
6499 N Powerline RD #201
Ft. Lauderdale, Fl, 33309
Ph: 954-772-2640
Fax: 954-772-2643
Copyright 2008, Market Wire, All rights reserved.
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