FT. LAUDERDALE, FL -- 03/06/08 --
Rapid Fitness, Inc. (PINKSHEETS: RPDI),
a publicly traded company currently on the Over the Counter, announces
today its company new year update and shareholder appreciation.
Cert Request: If you have not asked for or requested your certs out of the
market, or if they have not been received, please tell your brokers not to
loan out your shares.
Company Descriptions
As most of you are aware, Amore TV became Rapid Fitness. Amore TV's ISP
Portal was created to keep children away from adult content by building an
adult ISP Portal, which launched a few months ago for trial. We have so far
a couple hundred members and have now received our merchant account and are
ready to begin full subscriptions in the new entity. As stated in a prior
release we have approved the spin-out of Amore TV and all documents have
been completed for the attorneys. All shareholders will receive shares in
the new entity. Since I took over the company we decided to continue with
the ISP but cancel all production in the adult arena and focus on other
mainstream productions and promote our kids network, which is what drove
the board to decide to spin out Amore TV, which is being completed, release
soon to be announced.
Rapid Fitness, Inc. is growing stronger and we are ready to re-open our
second location in the Virgin Islands this month. Starting in April Rapid
Fitness will begin franchise seminars, televised commercials for members
this month. Our mainstream Rapid Fitness production division is in
negotiations with a few companies to launch a music network for kids ages 4
to 14 similar to MTV.
Rapid Fitness, Inc. has made the corporate changes:
Founder Anthony Mellone as CEO makes a company statement to all
shareholders about the short position and statements made on board
postings. Statements have been made and posted that we are not being
shorted. Based on DTC, NOBO list and our shareholder list, our
shareholders' positions have not changed in four months. Due to the amount
of trading share and the calculations on the trading shares in the market,
and transaction reports we estimate we are 10% to 15% short. We also at
this time have not or approved any reverse due to the structure for the
company. Rapid Fitness, Inc. is in negotiations with other facilities and
companies.
UPDATES:
Website:
www.rapidfitness.com
ISP URL
www.kmtvn.com
www.bigentgroup.com
Email:
staff@rapidfitness.com
Phone:
Ph. 954-958-0325
Fax. 954-489-2710
Officers:
Anthony Mellone, Chairman / CEO
Donna Yamin, Secretary / Dir.
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:
Anthony Mellone
954-625-2720
amellone@rapidfitness.com
