The Company also announced that funds which had been deposited in respect of subscriptions for notes which were to be issued in the rights offering associated with a noteholder sponsored restructuring plan, which was not consummated, will be returned promptly.
More detailed information is available on Bally's website at http://www.ballyfitness.com and from the Company's Chapter 11 website and hotline:
Bally Chapter 11 Information Website: http://www.kccllc.net/bally
Bally Chapter 11 Information Hotline: Toll Free: (888) 251-3046
About Bally Total Fitness
Bally Total Fitness is among the largest commercial operators of fitness centers in the U.S., with over 375 facilities located in 26 states, Mexico, Korea, China and the Caribbean under the Bally Total Fitness(R) and Bally Sports Clubs(R) brands. Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers.
Forward-looking statements in this release including, without
limitation, statements relating to the restructuring, are made pursuant to
the safe harbor provisions of Section 21E of the Securities Exchange Act of
1934. Statements that are not historical facts, including statements about
the Company's beliefs and expectations are forward-looking statements.
These statements are based on beliefs and assumptions by the Company's
management, and on information currently available to management.
Forward-looking statements speak only as of the date they are made, and the
Company undertakes no obligation to update publicly any of them in light of
new information or future events. In addition, these forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements of
|SOURCE Bally Total Fitness|
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