BIDS.L Regulatory News (BIDS)

5 Jun 2007 07:01

ADDleisure PLC05 June 2007 ADDleisure plc / Ticker: ADE.L / Index: AIM / Sector: Leisure 5 June 2007 ADDleisure plc ('ADDleisure' or 'the Company') Consultancy Agreement with Esporta Group ADDleisure plc ("the Company"), the AIM traded company formed to developproducts and services in the health and leisure sectors, is pleased to announcethat through a consultancy agreement between Esporta Group ("Esporta") andADDleisure's consultancy division, ADDleisure Consulting, David Turner and AllanFisher will assume the roles of Non-executive Chairman and Non-executive DeputyChairman respectively of Esporta as part of a drive to provide fresh impetus andbuild the Esporta health and fitness chain of clubs into the leading operator inits sector. ADDleisure Consulting utilises the Company's diverse and extensive experience inthe European health and leisure sectors, offering a broad range of servicesincluding feasibility studies, market research, corporate strategy, IT andleisure property consultancy. It will now help the Esporta executive team toexecute Esporta's strategy, which is focused on rapidly expanding the businessthrough a combination of organic growth and acquisition of new sites andbusinesses, budgeted at circa £1 billion over the next 3 to 5 years. ADDleisure CEO David Turner said, "Allan and I are looking forward to supportingEsporta's new Chief Executive, Glenn Timms, to further develop this well-knownbrand and take it through a potentially very exciting growth phase with thesupport of its new owners, The Halabi Family Trust. This type of assignment isat the heart of our Consultancy Division's strategic approach, combining theskills and experience of our team members. The health club arena is a sector weunderstand particularly well and one that complements our ongoing workdeveloping new services and products for the rapidly expanding fitness andwell-being market." * * ENDS * * For further information visit www.addleisure.com or contact:Ben Margolis ADDleisure Plc Tel: 020 7449 1000Mark Percy Seymour Pierce Tel: 020 7107 8000Isabel Crossley St. Brides Media & Finance Ltd Tel: 020 7242 4477 About ADDleisure plc • Floated on AIM in October 2004, ADDleisure believes that the increase in awareness of the importance of physical health and well-being has resulted in an opportunity to develop and promote new highly differentiated offerings to the health and leisure sectors. • It has three key investments: Fitbug Limited, developers of an online personal health and well-being coach; Digital Plantation Limited, developers of Ez-Book intelligent booking software; and Movers and Shapers Limited, a groundbreaking retail concept for health and fitness services. • The Company has a highly experienced management team including Allan Fisher, founder and former CEO of Holmes Place plc; 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. Additionally, Michael Warshaw, former Chairman of Molton Brown, is a consultant to the Company. This information is provided by RNS The company news service from the London Stock Exchange