Global TransNet Acquires SimplyFitt
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Global TransNet Corp. (GBJX) purchased SimplyFitt, a women's fitness franchise that provides an upscale approach to women's circuit exercise training complemented with Yoga, Pilates, massages, nutritional programs and tanning, plus supervised child care. SimplyFitt promises significant growth for several reasons. The potential for SimplyFitt is huge because the overall industry size of 39 million club members is growing at the rate of 25,000 members per day or over 9 million per year. The franchise sector of the health club industry has driven largely the phenomenal growth of the industry. Health club companies have continued to report positive earnings, despite the challenging U.S. economy. SimplyFitt was founded in November 2003 by Roxana Borbeli, ACE Certified Personal Trainer. Her upscale approach to circuit training has gained high reviews with her members. SimplyFitt's first franchise location is in Hollywood, Florida. Now, with GTN, her centers will be franchised across the U.S. About Global TransNet Corp. Global TransNet is a US publicly traded holding company (GBJX), with its subsidiaries doing business in the several growth service markets. GTN is quoted on the Pink Sheets and traded OTC-BB. GTN's growth will be accomplished with the acquisition of companies that have the ability to compete successfully in the 21st Century and to produce reasonable profits. These businesses will present an integrated and balanced image to the investment community enhancing shareholder value. Safe Harbor Statement: Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competition, inability to secure investment capital or financing, new and untested products, uncertainty of revenues and earnings, fluctuations in stock price and liquidity, market conditions, fluctuating operating results, and other risks detailed from time to time in the company filings with the Securities and Exchange Commission. SOURCE Global TransNet Corp. |
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