Town Sports International Holdings, Inc. Announces Resignation of Chief Operating Officer
January 14 2008 - 4:15PM
Business Wire
Town Sports International Holdings, Inc. (the �Company�) (NASDAQ:
CLUB) today announced that Randall Stephen has resigned as the
Company�s Chief Operating Officer. Alex Alimanestianu, Chief
Executive Officer commented, �On behalf of the Company, I want to
thank Randy for his many contributions to the Company and for his
efforts over the past 6 years. We all wish Randy well in his future
endeavors.� About Town Sports International Holdings, Inc. Town
Sports International Holdings, Inc. (NASDAQ:CLUB) is a leading
owner and operator of fitness clubs in the Northeast and
mid-Atlantic regions of the United States operating under the brand
names New York Sports Clubs, Boston Sports Clubs, Washington Sports
Clubs and Philadelphia Sports Clubs. As of December 31, 2007, Town
Sports International, through its subsidiaries, operated 158 clubs
in the United States and three clubs in Switzerland. For more
information, visit www.mysportsclubs.com. Forward-Looking
Statements: This press release contains �forward looking�
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934,
which are intended to be covered by the safe harbors created
thereby. All statements herein that are not historical facts,
including statements about our beliefs or expectations, are
forward-looking statements. These statements are subject to risks,
uncertainties, and other factors, including, among others, risks,
uncertainties and factors set forth in our reports and documents
filed with the United States Securities and Exchange Commission
(which reports and documents should be read in conjunction with
this press release). We believe that all forward-looking statements
are based on reasonable assumptions when made; however, we caution
that it is impossible to predict actual results or outcomes or the
effects of risks, uncertainties or other factors on anticipated
results or outcomes and that, accordingly, one should not place
undue reliance on these statements. Forward-looking statements
speak only as of the date they were made, and we undertake no
obligation to update these statements in light of subsequent events
or developments. Actual results and outcomes may differ materially
from anticipated results or outcomes discussed in any
forward-looking statement.
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