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Rapid Fitness, Inc. Announces It Has Signed the Purchase Agreement with Caribbean Fitness, Inc., America's Paradise Gym, a United States Virgin Islan

Rapid Fitness, Inc. Announces It Has Signed the Purchase Agreement with Caribbean Fitness, Inc., d/b/a America's Paradise Gym, a United States Virgin Islands Company with Three Fitness Centers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Rapid Fitness, Inc. (Pink Sheets:RPDI), a publicly traded company currently on the Over the Counter, announces it has signed the purchase agreement with Caribbean Fitness, Inc., d/b/a America's Paradise Gym, a United States Virgin Islands company with three fitness centers.

Caribbean Fitness, Inc., d/b/a America's Paradise Gym, a United States Virgin Islands company, has business locations at Nisky Center on the 2nd floor, Store No. E-1, St. Thomas, US Virgin Islands; Four Winds Plaza, Anna's Retreat, Unit 8, St. Thomas, US Virgin Islands; and Lot No. 10 of Parcel No 3, St. Croix, US Virgin Islands. The combined assets are approximately $2.5 million with over 5000 members, generating approximately $1.5 million a year. These three facilities are the first of the new co-ed division similar to Bally's fitness with training. We shall incorporate our Pilates center in each location immediately.

CEO Anthony Mellone and Sec. Donna Yamin just recently returned from their visit to our newest locations completing site inspections. We were well received from our staff operating each GYM and we were very excited and impressed. The staff was pleased with the new planned changes and restructure. Franchise Director Geoff Grosso, our new president of the franchise, is looking forward to going over to the Virgin Islands next week to restructure and get ready for the new grand opening under the new name, Rapid Fitness.

Safe Harbor Provision

This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Global Web TV, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.

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