FBC UPFRONT UPFRONT


FBC


8 Happenings | 12 Health | 12 Supplier News 14 Q&A | 16 Training | 18 What’s New


Happenings


GoodLife Fitness Considers Takeover of Extreme Fitness


GoodLife Fitness Considers takeover of Extreme Fitness


has entered into a Letter of Intent (LOI) for the acquisition of all of its facilities by GoodLife Fitness Centres. Extreme has 13 locations through-


tion of all of its facilities by GoodLife Fitness Centres. Extreme has 13 locations through-


E Extreme Fitness has announced it


out the Greater Toronto Area with more than 100,000 members. The move would bring GoodLife’s mem- bership count to more than 850,000, and over 300 clubs across the country. Extreme applied for protection against its creditors on February 7th in order to give it time to restructure. The LOI contemplates GoodLife


out the Greater Toronto Area with more than 100,000 members. The move would bring GoodLife’s mem- bership count to more than 850,000, and over 300 clubs across the coun- try. Extreme applied for protection against its creditors on February 7 to give it time to restructure. The LOI contemplates GoodLife


events


purchasing substantially all of Extreme’s assets and fi tness facilities while retaining most of Extreme’s staff. In addition, upon the closing of the transaction, Extreme’s members would gain access to all GoodLife fa- cilities across Canada.


EVENTS


xtreme Fitness has announced it has entered into a Letter of Intent (LOI) for the acquisi-


The sale of assets to GoodLife is working on photo


for extreme fitness building shot


subject to certain customary condi- tions, including the execution of an asset purchase agreement and Court approval of the transaction. Court approval will be sought as part of proceedings which have been initiat- ed by Extreme under the Companies’ Creditors Arrangement Act pursu- ant to an Initial Order issued by the Court on February 7, 2013. During the CCAA Process,


Extreme will continue to operate in the usual and ordinary course and without interruption and will fulfi ll all salary and benefi t obligations to its employees. Extreme has under- taken the CCAA Process to assist in the proposed sale of Extreme’s busi- ness to GoodLife with minimal dis- ruption to its employees, members and other stakeholders.


canfitpro Personal Training and Group Fitness Conferences


Earn CECs, experience new programming from sponsors YogaFit®


Canada and Fitness Kickboxing Canada Inc., and take the opportunity to renew your CPR Level A and AED at canfitpro Personal Training and Group Fitness Conferences in April.


canfitpro Personal Training and Group Fitness Conferences


Edmonton, AB – April 11 -13, 2013 University of Alberta – Lister Centre


Saskatoon, SK – April 18 – 20, 2013 Saskatoon Inn Hotel & Conference Centre


Earn CECs, experience new programming from sponsors YogaFit®


Canada and Fitness


Winnipeg, MB – April 25 – 27, 2013 Hilton Suites Winnipeg Airport


Visit canfitpro.com for more details. Visit canfi tpro.com for more details.


Kickboxing Canada Inc., and take the opportunity to renew your CPR Level A and AED at canfi tpro Personal Training and Group Fitness Conferences in April.


8 Fitness Business Canada March/April 2013 8 Fitness Business Canada March/April 2013


Edmonton, AB – April 11-13, 2013 University of Alberta – Lister Centre


logo


Saskatoon, SK – April 18-20, 2013 Saskatoon Inn Hotel & Conference Centre


Winnipeg, MB – April 25-27, 2013 Hilton Suites Winnipeg Airport


purchasing substantially all of Extreme’s assets and fitness facili- ties while retaining most of Extreme’s staff. In addition, upon the closing of the transaction, Extreme’s members would gain access to all GoodLife fa- cilities across Canada. The sale of assets to GoodLife is


subject to certain customary condi- tions, including the execution of an asset purchase agreement and Court approval of the transaction. Court ap- proval will be sought as part of pro- ceedings which have been initiated by Extreme under the Companies’ Creditors Arrangement Act pursuant


to an Initial Order issued by the Court on February 7, 2013. During the CCAA Process, Extreme


Caro to Receive IHRSA Lifetime Achievement Award


try veteran, will be honored with the inaugu- ral IHRSA Lifetime Achievement for his tire- less work, innovative ideas and leadership during the 32nd Annual International Convention & Trade Show in Las Vegas. Caro, who is past IHRSA


Rick Caro, a 40-year fi t- ness and health industry veteran, will be honoured with the inaugural IHRSA Lifetime Achievement Award for his tireless work, innovative ideas and lead- ership at the 32nd Annual International Convention & Trade Show in Las Vegas. Caro, who is past IHRSA board presi-


try professionals on the finer points of finan- cial management at the IHRSA Institute, IHRSA Convention and other industry events. Caro was directly involved in creating the Industry Data Survey and establishing industry financial benchmarks. He founded and currently moder- ates the Annual Financial Panel at the IHRSA Convention, uniting the health club industry and financial community.


dent, authored the pre-eminent industry textbook on fi nancial management, and has educated thousands of industry pro- fessionals on the fi ner points of fi nancial management at the IHRSA Institute, IHRSA Convention and other industry events. Caro was directly involved in creating the Industry Data Survey and establishing in- dustry fi nancial benchmarks. He found- ed and currently moderates the Annual Financial Panel at the IHRSA Convention, uniting the health club industry and fi nan- cial community.


board president, authored the pre-eminent industry textbook on Financial Management, and educated thousands of indus-


will continue to operate in the usual and ordinary course and without in- terruption and will fulfill all salary and benefit obligations to its employ- ees. Extreme has undertaken the CCAA Process to assist in the proposed sale of Extreme’s business to GoodLife with minimal disruption to its employees, members and other stakeholders.


Caro to Receive IHRSA Lifetime Achievement Award Rick Caro, a 40-year fitness and health indus-


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48