Town Sports International Holdings, Inc. Names Martin Annese Chief Operating Officer
April 14 2008 - 7:30AM
Business Wire
Town Sports International Holdings, Inc. (�TSI� or the �Company�)
(NASDAQ: CLUB) today announced the appointment of Martin Annese as
Chief Operating Officer effective April 28, 2008. In his new role,
Marty will report to the CEO, Alex Alimanestianu, and will lead all
fitness club operations and marketing for the Company. Marty brings
over 25 years of operations and management experience at
multi-unit, consumer-focused businesses, including senior level
positions at Starbucks Coffee Company and PepsiCo. As Senior Vice
President, Northeast Zone for Starbucks, Marty was responsible for
a $1.1 billion business (1,130 locations). During his eight-year
tenure he added over 700 stores and more than tripled average store
revenue while significantly increasing profit margins. Also, while
at Starbucks, Marty developed and implemented strategies and
initiatives which consistently resulted in top customer service
ratings. Alex Alimanestianu commented, �I am very excited to have
Marty join our team as COO. Marty�s leadership skills, multi-unit
operations experience and his expertise in customer service will be
highly beneficial in helping us deliver a consistently high-quality
member experience. I am confident that he will bring his
considerable passion, talent and intelligence to building our
culture, driving our core values, and enthusiastically pursuing our
mission of making our members healthier and enriching their lives.�
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 March 31, 2008, Town Sports
International, through its subsidiaries, operated 159 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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