BFT: Will the tulip craze ever break down? Message Board

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Strategies & Market Trends : BFT: Will the tulip craze ever break down?

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To: Pancho Villa who wrote (89)	3/19/1998 3:18:00 PM
From: Kip518	Read Replies (3) of 650

Pancho, more dilution of those losses!! AND BFIT's movin' on up to the NYSE! Bally Total Fitness Files Registration Statement for 2.5 Million New Shares PR Newswire - March 19, 1998 15:11 CHICAGO, March 19 /PRNewswire/ -- Bally Total Fitness Corporation (Nasdaq-NNM: BFIT) announced today that it has filed a registration statement with the Securities and Exchange Commission to offer 2.5 million new shares of common stock. The proceeds of this offering will be used to fund the development of growth opportunities consisting primarily of the development of new clubs, the selective acquisition of club-related real estate, and the acquisition of strategically located fitness centers. All of the shares to be offered pursuant to this filing are primary shares. No Bally Total Fitness executives or board members will be selling shares of stock in this offering. In addition, Bally Total Fitness has applied for listing of its common stock on the New York Stock Exchange under the symbol "BFT." Bally Total Fitness is the largest, and only nationwide, commercial operator of fitness centers in the United States, with approximately four million members and 320 facilities in 27 states and Canada. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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