Alison McElroy Named General Counsel of Snap Fitness

11/01/2009

MINNEAPOLIS, Minn. – Snap Fitness, the world’s largest and fastest growing franchise featuring compact, state-of-the-art fitness centers, announces the appointment of Alison (Ali) McElroy as general counsel of the company, effective June 2009.

McElroy, who most recently served as an attorney in the corporate group at Faegre & Benson LLP in Minneapolis, will be responsible for various strategic initiatives with Snap Fitness, including the company’s international expansion and general legal needs.

"With Snap Fitness’s shift into a new phase of profitable growth, Ali brings a wealth of experience as general counsel,” said Peter Taunton, Founder and CEO of Snap Fitness. “Her deep legal experience and sound business judgment make her an excellent choice which complements our senior team at this critical moment in Snap Fitness’s mission to become the world’s largest and fastest growing franchise in the multi-billion dollar fitness category.”

McElroy joined Faegre & Benson in 2005, where she advised clients on a variety of matters, including franchise and distribution law, international business transactions, mergers and acquisitions, and international corporate counseling. Prior to joining Faegre & Benson, she served as a judicial clerk for retired Chief Justice Kathleen Blatz of the Minnesota Supreme Court.

“Snap Fitness’s rapid growth, the quality of its leadership and the talent of its people have the company poised for continued success," McElroy said. “I couldn’t be more excited about joining such a dynamic brand and my new role in enhancing a franchise network that is poised for unparalleled growth.”

McElroy is a 2001 graduate of the University of Notre Dame and a 2004 graduate of the University of Minnesota Law School.

About Snap Fitness, Inc.
Fresh off its No.16 ranking on Inc. Magazine’s annual ranking of the country’s 500 fastest-growing private companies, Snap Fitness is experiencing phenomenal growth with more than 1,800 locations sold nationwide and some 30-40 new stores added monthly. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor offers compact, state-of-the-art, 24/7 express fitness clubs that emphasize fast, convenient and affordable workouts in neighborhoods across America and world wide.

For more information, please visit www.snapfitness.com.

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Snap Fitness Recognized as One of Twin Cities' Fastest Growing Companies By Minneapolis/St. Paul Business Journal

10/30/2009

Chanhassen, Minn – Snap Fitness, the fast growing franchise system featuring compact, state-of-the-art fitness centers has ‘muscled’ its way to the top of the Minneapolis/St.Paul Business Journal’s “Fast 50”.

Unveiled on October 22, Snap Fitness leads the list fastest-growing private companies in Minnesota with a growth rate of 638 percent since 2006 and 2008 revenue of nearly $32 million.

“We are truly honored to be recognized as the fastest growing company in our home state,” said Peter Taunton, Founder and CEO of Snap Fitness, noting that Snap Fitness was not recognized on the Fast 50 list for 2008.  “We look forward to building on our continued success and growing worldwide in 2010.”    

Launched in 2003, Snap Fitness operates small fitness centers open 24 hours a day, seven days a week and is particularly geared toward people on the go with hectic lifestyles. The concept offers fast and convenient workout solutions that is close to home and offers the same quality workout equipment as traditional “big box” health clubs, only at a more affordable rate and with no contracts.

“Our more than 400,000 satisfied members, combined with our triple-digit revenue growth, proves we're honed in to what consumers want and expect from their fitness program,” Taunton added.

Today, Snap Fitness has nearly 2,000 locations open or under development worldwide and consistently opens 300-400 new clubs each year. Company plans call for a total of 2,500-3,000 centers within the next five years. In addition to being in nearly every state, Snap Fitness also operates clubs in Canada, India and Mexico, and recently launched its expansion into Australia and New Zealand. 

About Snap Fitness, Inc.
Fresh off its #3 ranking on Entrepreneur Magazine's list of Top New Franchises and recently ranked #1 on Franchise Market's Top 100 New Franchises, Snap Fitness (snapfitness.com) is experiencing phenomenal growth with more than 1,800 locations sold nationwide and some 30-40 new stores added monthly. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor offers compact, state-of-the-art, 24/7 express fitness clubs that emphasize fast, convenient and affordable workouts in neighborhoods across America and world wide. 

For more information, please visit www.snapfitness.com.

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Snap Fitness Ranks in Top 20 of Inc. 500

08/14/2009

Growth is a 'Snap' for World's Fastest Growing Fitness Franchise

Chanhassen, Minn.
- Snap Fitness has 'muscled' its way among the Top 20 of Inc. Magazine's annual ranking of the country's 500 fastest-growing private companies.

The world's fastest growing franchise featuring compact, state-of-the-art fitness centers, Snap Fitness is ranked No.16, based on revenue growth from 2005 to 2008. The company grew by more than 5,900 percent, with 2008 revenues of $31.7 million.

"We couldn't be more excited about this incredible recognition," said Peter Taunton, Founder and CEO of Snap Fitness, noting that the company was the second-highest ranked concept in the health category. "We look forward to continued success and breaking into the Top 10 next year, as both investors and consumers continue to recognize the value we provide."

Launched in 2003, Snap Fitness operates small fitness centers open 24 hours a day, seven days a week and is particularly geared toward people on the go with hectic lifestyles. The concept offers fast and convenient workout solutions that is close to home and offers the same quality workout equipment as traditional "big box" health clubs, only at a more affordable rate and with no contracts.

"Our more than 400,000 satisfied members, combined with our triple-digit revenue growth, proves we're honed in to what consumers want and expect from their fitness program," Taunton added.

Today, Snap Fitness has nearly 2,000 locations open or under development worldwide and consistently opens 300-400 new clubs each year. Company plans call for a total of 2,500-3,000 centers within the next five years. In addition to being in nearly every state, Snap Fitness also operates clubs in Canada, India and Mexico, and recently more are planned in Australia and New Zealand.

About Snap Fitness, Inc.

Ranked #1 in the fitness category and #2 among Top New Franchises in Entrepreneur Magazine's 2009 Franchise 500®, Snap Fitness (snapfitness.com) is the leading franchisor of 24/7 express fitness centers featuring state-of-the-art equipment and fast get-in, get-out workouts in convenient neighborhood locations. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor has sold more than 1,7800 locations in the United States, Canada and India and is now expanding into Australia and Mexico.

For additional franchise opportunity information, please visit http://www.snapfitness.com/.

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Snap Fitness Announces Expansion into Australia and New Zealand

05/27/2009

Industry leader in compact, 24/7 fitness centers looks to expand global footprint with new area developer

MINNEAPOLIS, Minn.
- Snap Fitness, the world's fastest growing franchisor of compact, state-of-the-art fitness centers, announced today a partnership with a privately-held, Australian-based area development group headed by Rozlyn Barker, formerly of Goodlife Health Clubs, who brings with her over 20 years of health and fitness industry experience. The group is well-funded for its expansion goals and has plans to open between six and 10 locations in Australia and New Zealand by the end of 2009.

"Australians are placing more importance on fitness than ever before," said Barker. "The issue for many people is that they have trouble finding the time workout, and many fitness clubs don't offer a great deal of flexibility for members. Over the years other companies have attempted to mimic the company's business model, but we are confident that anyone that steps foot in one of our clubs will be able to see the difference and understand what makes Snap Fitness the global leader in fast, convenient and affordable workouts across the globe."

Launched in 2003, Snap Fitness, the world's largest and fastest growing franchise featuring compact, state-of-the-art fitness centers, currently has roughly 1,000 locations open and operating worldwide and projects to have more than 2,000 locations under development by the end of 2009. In addition to the U.S., Snap Fitness also currently operates clubs in Canada, India and Mexico.

What makes the company stand apart from the competition is it's commitment to promoting member-friendly policies and value-added benefits. It offers state-of-the-art equipment, month-to-month memberships as opposed to long-term contracts, and allows memberships to be frozen for up to three months a year with no penalty. In addition, the company provides members with a host of products and services, such as an Online Health Assessment and customized supplements, designed to give members better results and more value for their money.

"We are thrilled to have Rozlyn and her team joining Snap Fitness, and even more excited to expand Snap Fitness on an international level into Australia and New Zealand," said Snap Fitness Founder and CEO, Peter Taunton. "We are looking forward to fast growth throughout the country, and plan to open between 250 and 350 new clubs within the next five years."

Consistently opening 300-400 new clubs each year worldwide, Snap Fitness is seeking qualified single- and multi-unit franchise owners to open new fitness centers in strategic markets throughout the country.

"Our emphasis on best-in-class systems, processes and support enables franchisees to achieve success and live their dreams," Taunton added.

About Snap Fitness, Inc.

Fresh off its #1 "Best in Fitness" ranking on Entrepreneur Magazine's Franchise 500 list and recently ranked #1 fastest-growing franchise on AllBusiness.com's AllStar franchise rankings, Snap Fitness (snapfitness.com) is experiencing phenomenal growth with more than 1,800 locations sold worldwide, and some 30-40 new stores added monthly. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor offers compact, state-of-the-art, 24/7 express fitness clubs that emphasize fast, convenient and affordable workouts in neighborhoods across America.

For additional franchise opportunity information, please visit www.snapfitness.com.
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Snap Fitness “Muscles” Its Way to #1 Ranking in Fitness Category

12/30/2008

Recognized for Growth, Success on Entrepreneur Magazine's 2009 Franchise 500®

MINNEAPOLIS
, Minn. - Snap Fitness, the world's fastest-growing franchisor of state-of-the-art 24/7 express fitness centers, has been ranked in numerous listings on the 2009 compilation of Entrepreneur magazine's Franchise 500®, including the highly-coveted #1 ranking in the fitness category.

Franchising since 2004, Snap Fitness has grown to nearly 1,700 locations currently operating or under development worldwide. Based on this rapid and strategic growth, Entrepreneur's rankings also highlight Snap Fitness in the following categories: #2 on Top New Franchises for 2009, #5 on Fastest Growing Franchises, #24 on the Franchise 500® and #23 on America's Top Global Franchises, reflecting the company's aggressive expansion into Canada and initial openings in India. .

Snap Fitness' success is attributed to a business model that makes its compact, state-of-the-art clubs easy to own, manage and market. Start-up costs range from $71,000 to $242,000, putting it well below the price tag of well-known franchisors in other categories. The ability to manage operations via web-based tools with little need for on-site staffing makes it attractive for entrepreneurs and others seeking opportunities that accommodate semi-absentee ownership. And offering a convenient, low-price alternative to traditional big-box health clubs is a value proposition well-suited for today's health-conscious consumer marketplace.

"The Entrepreneur rankings are both humbling and gratifying," said Snap Fitness CEO and Founder Peter Taunton. "When we launched Snap Fitness, we knew we were on to something that would revolutionize the industry and offer consumers a more affordable and convenient solution to meet their fitness needs. By continuing to put our members and franchise owners first, we will continue to reach for new heights and set new standards in fitness and franchising."

Consistently opening 300-400 new clubs each year, Snap Fitness is seeking single and multi-unit franchise owners to open new fitness centers in strategic markets in the United States, Canada and now in Australia, India and Mexico as well. .

About Snap Fitness, Inc.
Ranked #1 in the fitness category and #2 among Top New Franchises in  Entrepreneur Magazine's 2009 Franchise 500®, Snap Fitness (snapfitness.com) is the leading franchisor of 24/7 express fitness centers featuring state-of-the-art equipment and fast get-in, get-out workouts in convenient neighborhood locations.   Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor has sold more than 1,700 locations in the United States, Canada and India and is now expanding into Australia and Mexico.

For additional franchise opportunity information, please visit http://www.snapfitness.com/.

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GUEST BLOGGER | Patrick Strait

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Snap Fitness Expanding Into India

07/25/2008

New club openings jump starts Snap's International expansion 

CHANHASSEN, MINN - Snap Fitness, Inc., the rapidly growing franchisor of compact, 24/7 express fitness clubs, today announced it will open new clubs in Bangalore and Mumbai, India. The new clubs will be owned and operated by Force Fitness India Pvt. Ltd., an experienced area developer of fitness franchises in India.

"With people earning more money in India today than ever before, many have an increasing propensity for spending their disposable incomes on ways to look and feel better," said Deepak Lalvani, Director-Sales Snap Fitness India.  "For many of the workers in call centers and other business services that must work unusual hours, there is great demand for a fitness club such as Snap Fitness that is open 24/7, and emphasizes fast, convenient and affordable workouts."  

Founded in 2003 by CEO Peter Taunton, Snap Fitness offers fitness clubs that emphasize fast, convenient and affordable workouts.  A typical 2,500-square-foot facility features the same quality equipment as traditional big-box health clubs, but in a smaller, non-intimidating setting and at a fraction of the membership price.

Snap Fitness is experiencing phenomenal growth with more than 1,500 locations across the United States and Canada.   Snap Fitness opened 86 new clubs in the second quarter of 2008, has opened close to 200 new clubs for the year.  The company expects to close out the year with over 1000 locations open with 2000 markets sold. In addition to the two new club openings in India, Snap is looking to expand internationally throughout Europe, Latin America, the Middle East and Asia. 

The company is the leader in promoting member-friendly policies and value-added benefits. It offers month-to-month memberships as opposed to long-term contracts, and allows memberships to be frozen for up to three months a year with no penalty. In addition, the company provides members with a host of products and services, such as an Online Health Assessment and customized supplements, designed to give members better results and more value for their money.

"We are excited about the Force Fitness group joining the Snap Fitness team, and even more excited to expand Snap Fitness on an international level into India," said Taunton.  "People all over the world are becoming increasingly aware that health and fitness is a necessity as opposed to a luxury. We are looking forward to fast growth in India and throughout the Middle East, and plan to open 250 new clubs within the next five years internationally."

About Snap Fitness, Inc.
Fresh off its #3 ranking on Entrepreneur Magazine's list of Top New Franchises and recently ranked #1 on Franchise Market's Top 100 New Franchises, Snap Fitness (snapfitness.com) is experiencing phenomenal growth with more than 1,500 locations sold nationwide, newly-opened locations in Canada and some 30-40 new stores added monthly. Founded in 2003 by CEO Peter Taunton, the Chanhassen, Minn.-based franchisor offers compact, state-of-the-art, 24/7 express fitness clubs that emphasize fast, convenient and affordable workouts in neighborhoods across America.

GUEST BLOGGER | Patrick Strait

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