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HealthFitness Announces 2008 Second Quarter Results
Date:8/4/2008

ued delays in obtaining new commitments and implementing services, and other factors disclosed from time to time in our filings with the U.S. Securities and Exchange Commission including our Form 10-K for 2007 as filed with the SEC. You should take such factors into account when making investment decisions and are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update any forward-looking statements.

Financial tables follow ...

HEALTH FITNESS CORPORATION

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

JUNE 30, 2008 AND DECEMBER 31, 2007

June 30, December 31,

2008 2007

ASSETS

CURRENT ASSETS

Cash $201,722 $1,946,028

Trade and other accounts receivable,

less allowances of $242,800

and $243,300 13,570,650 14,686,879

Inventory 589,784 569,458

Prepaid expenses and other 473,885 226,891

Deferred tax assets 406,367 406,367

Total current assets 15,242,408 17,835,623

PROPERTY AND EQUIPMENT, net 1,313,692 1,400,570

OTHER ASSETS

Goodwill 14,546,250 14,546,250

Software, less accumulated amortization

of $1,033,100 and $795,100 1,805,649 1,734,920

Trademark, less accumulated amortization

of $395,100 and $345,500 97,936 147,561

Other intangible assets, less accumulated

amortization of $277,700 and $241,700 251,417 287,334

Other
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SOURCE Health Fitness Corporation
Copyright©2008 PR Newswire.
All rights reserved

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