SOURCE:
Rapid Fitness
2008-08-07 08:00:00
Rapid Fitness, Inc. Announces Marckensie Theresias of Reomt, LLC. Elected to Board of Directors
FT. LAUDERDALE, FL–(EMWNews – August 7, 2008) – Rapid Fitness, Inc. (
a publicly traded company currently on the Over the Counter, announced that
having signed definitive agreements to acquire Reomt, LLC. and the “Lucky
Linda” gold mine claim, Marckensie Theresias of Reomt, LLC. has been
elected to the Board of Directors of Rapid Fitness, Inc. Under the
agreement, Rapid Fitness has acquired Reomt, LLC. and the 160 acre gold
mine in Nevada called and filed as the “Lucky Linda” claim. After closing
the deal, the Board of Directors of Rapid Fitness unanimously voted Mr.
Theresias to the company’s Board of Directors and to the office of
Executive Vice President of the company. Mr. Theresias has accepted both
appointments and management stated it has begun developing the mining
process, including soon-to-be-announced commitments from equipment vendors
that will facilitate the initial processing allowed by the State of Nevada
during the preliminary permitting process. Allowed by the state, this
initial process will entail 900 tons of earth to be processed from the site
with estimated revenues to the company of $5,600,000.00 from gold and other
precious metals.
About Marckensie Theresias: Both in his capacity as a developer and as a
consultant, Mr. Marckensie Theresias has played an active role in obtaining
re-zoning and coordinating land planning processes for several large tracts
of property throughout the United States and abroad. In the past he has
served as Sales Manager of a multinational private lending company located
in South Florida and for the last seven years has led his own real estate
development firm in Fort Lauderdale, Florida. He was involved with the
development of over US$3,050,000,000 of domestic and international real
estate projects, both residential and commercial in nature, utilizing
conventional financing methods as well as financing through the leveraging
of financial instruments. Mr. Theresias has utilized financial instruments
to fund various projects since 1999 which ranged in value from US
$150,000,000.00 to US $1,300,000,000.00.
Rapid Fitness President & CEO Anthony Mellone stated, “This is an extremely
exciting deal for the company and inevitably one that results in increased
shareholder value. While I am marginally disappointed in the current price
per share, we are confident that in the long run Lucky Linda and other
opportunities presented the company — including ERHU and our increasing
holdings diversification — will simultaneously reward our loyal
shareholders and thwart any potential naked short selling activities or
market abuses. 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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