JFP-- Thanks for the news on gymm. They had a release today about the purchase of $250 thousand worth of equipment. Come on!
Is frsh a buy at these levels?
Here is the story-- reg 144 shares--whoppeeeee>> Do the math, and the stock seems a little ahead of itself.
Tuesday July 15 12:31 AM EDT
Company Press Release
Source: HealthTech International, Inc.
HealthTech International, Inc. Acquires $250,000 of
Fitness Equipment For Two of its Centers
MESA, Ariz., July 15 /PRNewswire/ -- HealthTech International, Inc. (Nasdaq:GYMM) is
pleased to announce the acquisition of approximately $250,000 of Fitness Equipment and access
to its approximately 1,000 Membership base from a health club in the vicinity of its Bedford, TX,
facility.
The acquisition was accomplished through issuance of 125,000 shares of restricted (under rule
144) common stock. The $250,000 in equipment will be used to upgrade the Bedford, TX facility
and the Ft. Worth, TX facility. This is in keeping with the Company's on-going effort to upgrade its
centers for its members. With this access to approximately 1,000 additional members, the
Company expects to absorb most in the Bedford, TX Center and some in the Ft. Worth, TX
Center. This increased membership base will improve revenues in both centers.
In keeping with HealthTech International's current strategy of converting to Health Care Centers,
HealthTech is converting the Bedford, TX facility to a Health Care Center with Tucson, AZ to
follow. Currently the Company is in negotiations to acquire several new facilities in the coming
weeks, which if successful, will dramatically increase the Company's annual gross revenues.
HealthTech International, Inc. is a leading investor owned health care company. The Company is
traded on Nasdaq under the symbols GYMM for its common stock and GYMMW for its Class
A Warrants. The above projections are the opinion of the Company's management and are
speculative.
WJ |
