| Bally Total Fitness Appoints Marc D. Bassewitz as Senior Vice President and General Counsel |
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Bally Total Fitness (NYSE:BFT) today announced that the Company has appointed Marc D. Bassewitz to serve as Senior Vice President and General Counsel, effective January 1, 2005.
Bally Total Fitness (NYSE:BFT) today announced that the Company has appointed Marc D. Bassewitz to serve as Senior Vice President and General Counsel, effective January 1, 2005. In his new capacity, Mr. Bassewitz will oversee all corporate legal responsibilities, including regulatory compliance and corporate governance. For the past several years, Mr. Bassewitz has served as lead outside counsel for the Company in his position at Latham & Watkins LLP.
Mr. Bassewitz succeeds Cary A. Gaan, who will transition to the newly created role of Senior Vice President, Special Counsel to the President. Mr. Gaan’s primary responsibility will be to handle special high priority projects for the CEO and the Company. Mr. Gaan has served as General Counsel to Bally since 1977.
I am very pleased that Marc Bassewitz has joined our company. Marc’s expertise and talent is a key addition to the company’s senior management team, said Paul Toback, chairman, CEO and president, Bally Total Fitness. At the same time, I am also happy that Cary Gaan has assumed the role of special counsel to the president. Cary brings three decades of invaluable experience to his new role and I am grateful to have his continued advice and counsel.
Prior to joining Bally, Mr. Bassewitz has been a partner in the Chicago office of Latham & Watkins LLP where he specialized in advising public companies on issues including capital markets as well as merger and acquisition transactions. Throughout his two decade career at Latham & Watkins, Mr. Bassewitz has handled debt and equity financing transactions, managed acquisition and disposition transactions, and engaged in numerous M&A, recapitalization and restructuring transactions on behalf of companies and financial and strategic buyers. Mr. Bassewitz, an expert on corporate governance, has led the Company Representation Group in Latham’s Chicago office and regularly advised clients on Sarbanes-Oxley and stock exchange compliance matters. Mr. Bassewitz received his JD from the University of Michigan and is a member of the Illinois and New York Bars.
About Bally Total Fitness
Bally Total Fitness is the largest and only nationwide commercial operator of fitness centers, with approximately four million members and 440 facilities located in 29 states, Mexico, Canada, China, Korea and the Caribbean under the Bally Total Fitness(R), Crunch Fitness(SM), Gorilla Sports(SM), Pinnacle Fitness(R), Bally Sports Clubs(R) and Sports Clubs of Canada(R) brands. With an estimated 150 million annual visits to its clubs, Bally offers a unique platform for distribution of a wide range of products and services targeted to active, fitness-conscious adult consumers. For more information, visit http://www.ballyfitness.com.
Forward-looking statements in this release including, without limitation, statements relating to the Company’s plans, strategies, objectives, expectations, intentions, and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, among others, the following: the outcome of the SEC investigation and Bally’s internal investigation, including review and restatement of its previously announced or filed financial results; the audit of the restated financial statements; Bally’s ability to secure consents under its debt instruments, including waivers of existing and future reporting covenant defaults under its public note indentures; the identification of one or more other issues that require restatement of one or more prior period financial statements; the communication by Bally’s management and independent audito
rs of the existence of material weaknesses in internal controls over financial reporting; general economic and business conditions; competition; success of operating initiatives, advertising and promotional efforts; existence of adverse publicity or litigation; acceptance of new product and service offerings; changes in business strategy or plans; quality of management; availability, terms, and development of capital; business abilities and judgment of personnel; changes in, or the failure to comply with, government regulations; regional weather conditions and other factors described in prior filings of the Company with the Securities and Exchange Commission.
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| HealthRenu Medical Announces Date of Shareholders Meeting - Nov 27, 2004 11:59 IST |
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HealthRenu Medical, Inc. (OTC Bulletin Board:HRUM.OB) will be holding its Annual shareholder meeting on December 8, 2004 at 2:00 p.m. CST. The meeting will be held at company headquarters, located at 12777 Jones Road, Suite 481, Houston, Texas. All shareholders are encouraged to attend. For further information please call (281) 890-2561 or 888-583-3356.
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| Mi-Co Funded by National Cancer Institute to Deploy Mi-Forms - Nov 27, 2004 11:58 IST |
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Mi-Co and its partners, the University of North Carolina (UNC) Breast Imaging Section, Health Decisions and American College of Radiology Imaging Network (ACRIN) have been awarded a $750,000 Small Business Innovation Research (SBIR) contract by the National Institute of Health’s National Cancer Institute. Mi-Co will utilize its Mi-Forms product suite in order to study the impact of the industry-leading digital writing, data capture software in a clinical trials setting.
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| Low cost International Pharmacies Save Elderly on Prescription Drug Costs. - Nov 27, 2004 11:50 IST |
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As pointed out by Jack Shapiro, an internationally-known healthcare marketing consultant “For the first nine months of this year, the U.S. imported $40 billion in pharmaceuticals and exported only $21 billion. In 2003, we imported $50 billion and exported $23 billion. So what makes buying from your local U.S. based pharmacy any safer then purchasing from Mexico or Canada?
Many of today’s elderly (U.S.) cross the borders of Mexico and Canada in order to get their prescriptions filled at a huge discount. For some it has become a necessity because they simply can’t afford necessary drug treatments any other way.
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| SourceOne Healthcare Technologies Signs Strategic National Distribution Agreement with Barco - Nov 27, 2004 11:43 IST |
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SourceOne Healthcare Technologies, Inc., the nation’s leading distributor of medical imaging systems, equipment, radiographic consumable supplies, and service to healthcare providers, today announced that the company has signed a strategic national distribution agreement with Barco, (the medical imaging unit of BARCO – (Reuters: BARBt.BR and Bloomberg: BAR BB), the global leader in high-performance medical-imaging display technology.
Under terms of the agreement, SourceOne will offer Barco’s full line of medical display systems to customers throughout the United States. Recognized worldwide, Barco’s high-performance display technology for X-ray, digital radiography, PACS, digital mammography, ultrasound and magnetic resonance imaging are considered to be among the most advanced technology in the imaging industry.
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| Online Pharmacy adds HIV Prescription Drugs - Nov 27, 2004 11:41 IST |
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Indinavir is one of several new AIDS related drugs added to the www.hiv-supplements.info site. Other HIV drugs recently added were Triomune 30, Triomune 40, Combivir, Duovir-N, Lamivudine 3TC, Nevirapine and Zidovudine.
As described on the www.hiv-supplements Indinavir page Indinavir is used, alone or in combination with other medicines in the treatment of the infection caused by the human immunodeficiency virus (HIV).
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| Functional Beauty Products are Expected to Increase at a CAGR 13.7%, Reaching Nearly $1 Billion by 2008 - Nov 27, 2004 11:22 IST |
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As consumers increasingly demand measurable, instant benefits, interest in functional products with short-term, visible effects continues to drive the multi-billion dollar nutraceuticals industry. This report provides a comprehensive analysis of the industry, identifying opportunities for growth and offering recommendations to enable manufacturers to take advantage of the beauty foods trend.
Report Scope:
US nutraceuticals 1998-2003 industry, with 2003-2008 forecasts of the beverages, bakery, dairy, confectionery, snacks, and supplements markets
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| Holy Name Hospital Is First in the Tri-State Area to Offer Tysabri Infusion Therapy for MS Patients - Nov 27, 2004 11:3 IST |
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The Holy Name Hospital Multiple Sclerosis Comprehensive Center will be the first hospital in the tri-state region to administer a breakthrough infusion therapy for MS patients that was licensed by the FDA earlier this week. The new biologic approach treats patients with relapsing forms of multiple sclerosis (MS) to reduce the frequency of symptom flare-ups or exacerbations of the disease. MS is a chronic, often disabling disease of the brain and spinal cord.
Natalizumab also known as Antegren, released as Tysabri on Wednesday, November 24, 2004, is a monoclonal antibody bioengineered from part of a mouse antibody to closely resemble a human antibody. It is being marketed under the trade name Tysabri. The product is given intravenously once a month in a hospital or physician’s office.
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| NHITC on Board for the Medical Records Institute’s Latest Conference - Nov 26, 2004 20:6 IST |
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The Medical Records Institute (MRI) is pleased to announce the appointment of LeRoy Jones as one of the keynote speakers at the last MRI conference of the year, the EHR Summit IV. Jones, the Senior Technical Advisor from the Office of the National Health Information Technology Coordinator, will be presenting the topic, “Perspectives from the Office of the National Coordinator for Health Information Technology” at 8:45 AM on Friday December 10th. This topic will be a discussion around national EHR perspectives and the future of EHRs.
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| Ovarian Cancer Risk Increases with Estrogen Use - Nov 26, 2004 19:51 IST |
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The estrogen component of oral hormone replacement therapy around the time of menopause is associated with ovarian cancer risk, findings from a Danish study show.
Our results imply that the risk increases with cumulative oral estrogen intake but not with duration of hormone therapy, the investigators report.
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| Cord Blood Works Vs. Leukemia - Nov 26, 2004 19:48 IST |
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Umbilical-cord blood, now used mostly to treat children with leukemia, could save thousands of adults with the disease each year who cannot find bone marrow donors, two big studies indicate.
A European study found that those who got cord blood were just as likely to be free of leukemia two years later as those who got marrow. A U.S. study looking at three-year survival yielded results almost as promising.
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| China Approves Testing for Potential AIDS Vaccine - Nov 26, 2004 19:46 IST |
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China has approved human testing of a locally developed potential AIDS vaccine, the official Xinhua news agency said Friday, just days before World AIDS Day.
Officials have pledged to speed up the approval process for anti-AIDS drugs in China, where the United Nations has warned AIDS victims could rise to 10 million by 2010 unless serious steps are taken to fight the epidemic.
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| Effectiveness of Antidepressant Unclear in Elderly - Nov 26, 2004 19:45 IST |
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Depressed people 75 or older are just as likely to improve after an 8-week course with an inactive, placebo drug as with an antidepressant, new research indicates.
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| Everybody Must Fight AIDS, Mandela Says - Nov 26, 2004 19:43 IST |
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Former South African President Nelson Mandela, surrounded by rock stars, launched a book of photographs of a major anti-AIDS concert on Thursday with a call to ordinary people to take a lead in the fight against HIV/AIDS.
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| Massachusetts Medical Society Announces Call for Entries for its 10th Annual Anti-Tobacco Poster Contest for Grade School Children - Nov 26, 2004 19:28 IST |
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The Massachusetts Medical Society and its Alliance have announced a call for entries for its 2005 Anti-Tobacco Poster Contest, a statewide program designed to make young people aware of the dangers of tobacco and smoking.
The 2005 program marks the tenth year the Medical Society has conducted its anti-tobacco contest, open to youngsters in grades 1 through 6 throughout Massachusetts.
“Physicians of the Medical Society are proud to count a decade of tobacco prevention efforts for young people with this contest,” said Alan C. Woodward, M.D., president of the Massachusetts Medical Society and Chief of Emergency Services at Emerson Hospital in Concord.
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| Girl survives rabies without jab - Nov 26, 2004 19:14 IST |
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A team at the Children’s Hospital of Wisconsin used an experimental treatment on 15-year-old Jeanna Giese.
She was admitted to hospital last month with advanced symptoms of the disease after being bitten by an infected bat at a church in September.
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| Surprise origin of stomach cancer - Nov 26, 2004 19:11 IST |
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The cells appear to migrate to the stomach to try to repair damage caused by a bacterial infection.
The finding challenges many of the previous assumptions about how cancers originate, and could lead to new treatments, the scientists say.
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| Parents ’unaware children obese’ - Nov 26, 2004 19:7 IST |
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Researchers surveyed parents of 277 children and found only a quarter of them recognised when their offspring were overweight.
Where children were obese, a third of mothers and 57% of fathers thought they were about right, the team at Derriford Hospital in Plymouth found.
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| ’Unnecessary fertility test’ risk - Nov 26, 2004 18:52 IST |
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A team of doctors from several UK universities says fertility clinics are increasingly offering tests to measure natural killer (NK) cells in the blood.
Women are then given powerful drugs which may have serious side effects.
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| Spirulina - The Ultimate Natural Nutritional Supplement - Nov 26, 2004 18:35 IST |
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When it comes to natural nutritional supplements there is little doubt that Spirulina is head and shoulders above the rest. A nutrient rich blue green algae that grows naturally in mineral-rich alkaline lakes, Spirulina is the ultimate natural nutritional supplement and a giant leap beyond ordinary supplements. Spirulina contains the most complete source of nutrients found in any single food on the planet.
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| Thousands ’unaware they have HIV’ - Nov 26, 2004 18:36 IST |
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More than a quarter - 27% - do not know they have the infection, which could be as many as 14,300 people.
There were 6,606 new HIV infections diagnosed, the Health Protection Agency said, but that could rise to 7,000 once all the data are collected.
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