BIDS.L Regulatory News (BIDS)

16 Dec 2005 14:27

ADDleisure PLC16 December 2005 ADDleisure Plc / Epic: ADE.L / Index: AIM / Sector: Leisure 16 December 2005 ADDLEISURE PLC ('ADDleisure' or 'the Company') AGM STATEMENT ADDleisure Plc, a holding company formed to capitalise on new opportunities inthe leisure and health sectors, held its Annual General Meeting today and allresolutions were duly passed. At the meeting, Chairman Allan Fisher made the following statement: "I am delighted with the progress of our three investments, which importantlyhave all reached key stages in their development. Firstly, Fitbug has advancedconsiderably and has been adopted by a number of blue chip corporations in theUK while our partners, Brunswick, have now launched the product in the US.Secondly, Digital Plantation, which has designed and developed an intelligentbooking software system under the Ez-Book banner, is making inroads into anumber of major spa and other leisure operators. And finally, Liberation FitnessSystems has aggressively marketed the Power Plate product throughout the UKachieving major celebrity endorsement whilst also breaking into new marketsoverseas. "We remain very confident in the future of the Company." ** E N D S ** Contacts: Isabel Crossley St. Brides Media Tel: 020 7242 4477Ben Margolis ADDleisure Plc Tel: 020 7449 1000 Notes: • Floated on AIM in October 2004, ADDleisure Plc believes that the increase in awareness of the importance of physical health has resulted in an opportunity to develop and promote new highly differentiated leisure offerings to the leisure industry as a whole, as well as market fitness products and services to the millions of people who want to remain healthy but do not belong to gyms. • It has made three initial investments in Fitbug Limited, Liberation Fitness Systems Limited and Digital Plantation Ltd. • The Company has a highly experienced management team, including Allan Fisher, founder and former CEO of Holmes Place; David Turner, founder and former director of LA Fitness plc; and David Cummin, founder and former director of Membertrack Limited, a leading club membership software provider. This information is provided by RNS The company news service from the London Stock Exchange