Rapid Fitness, Inc. Announces Marckensie Theresias of Reomt, LLC. Elected to Board of Directors


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. (PINKSHEETS: RPDI),

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.

Anthony Mellone

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