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

1,401 9,807

$33,258,753 $35,962,065

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Trade accounts payable $ 1,012,088 $ 2,121,154

Accrued salaries, wages, and payroll

taxes 3,876,816 4,011,580

Other accrued liabilities 521,904 1,187,045

Accrued self funded insurance 289,357 333,724

Line of credit 640,068 -

Deferred revenue 1,299,483 1,722,254

Total current liabilities 7,639,716 9,375,757

DEFERRED TAX LIABILITY 108,623 108,623

LONG-TERM OBLIGATIONS - -

COMMITMENTS AND CONTINGENCIES - -

STOCKHOLDERS' EQUITY

Common stock, $0.01 par value; 50,000,000

shares authorized; 19,221,576 and

19,928,590 shares issued and outstanding

at June 30, 2008 and December 31, 2007,

respectively 192,216 199,285

Additional paid-in capital 27,703,966 29,350,211

Accumulated comprehensive loss from

foreign currency translation (57,782) (56,413)

Accumulated deficit (2,327,986) (3,015,398)

25,510,414 26,477,685

$33,258,753 $35,962,065

HEALTH FITNESS CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

Three Months Ended Six Months Ended

June 30, June 3
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SOURCE Health Fitness Corporation
Copyright©2008 PR Newswire.
All rights reserved

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