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Related Quotes Sym. Price Chg. IGTS Trade News 0.0005 0 Intelligent Sports' Subsidiary Generates $110,000 in Sales at CostcoSpecial Event
May 22, 2007 08:31:36 (ET)
UPLAND, CA, May 22, 2007 (MARKET WIRE via COMTEX) -- Intelligent Sports, Inc. (PINKSHEETS: IGTS) is pleased to announce that their wholly owned subsidiary, Global Retail Fitness Concepts, generated more than $110,000 US in revenues over a dual 14-day "Special Event" period at two Costco Warehouses in Canada. More than 75 units of up-market fitness equipment were sold by the "Create Space For Exercise" Kiosks as part of a sales program with Costco Wholesale Canada, Ltd.
Intelligent Sports, Inc. plans to re-launch the "Create Space For Exercise" Kiosk Program through multiple channel opportunities in Costco Wholesale's Canadian Division and in to other retail chains throughout North America during the coming months. The "Create Space For Exercise" kiosk features state of the art equipment for use by the family at home utilizing less than 100 square feet of floor space. This concept provides customers with a customized workout program, nutritional guidance, newsletters and other benefits such as delivery and installation. The program intends to increase unit sales by showing customers how easy and beneficial it is to build their own home gym.
According to the Sporting Goods Manufacturer's Association, there has been an upward trend in purchases of consumer exercise equipment for the past four years, with projected sales of $3.7 billion in 2007. Sales of the "Create Space For Exercise" program have proven particularly effective with the baby boomer generation, which currently consists of 77 million people in the United States.
"This was a phenomenal sales program for us and for Costco. The kiosks typically appeal to the up-market segment of Costco Wholesale's members, who are older, more affluent and benefit from an ongoing, comprehensive fitness program. It is a perfect complement to the Intelligent Sports philosophy of complete fitness training, nutrition and education," stated Thomas Hobson, CEO of Intelligent Sports, Inc.
Global Retail Fitness Concepts was acquired by Intelligent Sports last week. As part of the agreement, Global Retail Fitness Concepts will benefit from a capital investment plan for expansion and the Companies will share marketing programs and fitness expertise.
About Global Retail Fitness Concepts, Inc.:
Global Retail Fitness Concepts is a fitness/spa consulting firm that has developed the "Create Space For Exercise" kiosk platform for the sales of consumer fitness, cardiovascular and strength equipment through the retail, wholesale and membership club industry segments. This value-added program gives customers a complete home fitness solution by providing exercise consultants with a world recognized equipment manufacturer. Included with the kiosks are workout programs, home installation, repair and maintenance.
About Intelligent Sports, Inc.: Intelligent Sports, Inc. ( www.intelligentsports.net ) provides organized youth fitness and academic programs that allow kids to grow athletically and intellectually. Whether it is tutoring, health development, or specialized fitness training -- Intelligent Sports will have something that will meet their general athletic and physical needs. Intelligent Sports will launch the business model in other targeted communities throughout the country over the next several years.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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Contact: Intelligent Sports, Inc. Investor Relations (866)-THE-APPL(E)
SOURCE: Intelligent Sports, Inc.
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