Rapid Fitness, Inc. Announces Board of Directors Signed and Approved Name Change
SOURCE:
Rapid Fitness, Inc.
2008-08-11 08:00:00
Rapid Fitness, Inc. Announces Board of Directors Signed and Approved Name Change
FT. LAUDERDALE, FL–(EMWNews – August 11, 2008) – RAPID FITNESS, INC. (
a publicly traded company currently on the Over the Counter, announced that
the board of directors signed and approved a name change. As of Friday Aug
8, 2008 Rapid Fitness, Inc. file and changed the name to Tri-Star Holdings,
Inc. affective immediately. We expect the changing of the cusip and
symbol take place within 15 days. We have also requested all certs and
stocks to be physically exchanged for the new Tri-Star Holdings, Inc.
certs.
Rapid Fitness President & CEO Anthony Mellone stated, “This is a good move
for the company; it shall force all the shorts to cover and the brokers not
willing to support the company to get out of our way for a while, giving us
a chance to complete the restructuring of the company. This should give us
increased shareholder value. As I stated before — this will
simultaneously reward our loyal shareholders and thwart any potential naked
short selling activities or market abuses and force the shorts to cover. I
would like to reassure shareholders that while growing the company’s bottom
line is our day-to-day business, we are examining any potentially negative
market activities impeding our long term value, and exploring direct means
of recourse.”
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 Rapid Fitness,
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.
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