TIDMADE 
 
RNS Number : 5739W 
ADDleisure PLC 
30 July 2009 
 

ADDleisure Plc / Epic: ADE.L / Index: AIM / Sector: Leisure 
30 July 2009 
ADDleisure Plc ('ADDleisure' or 'the Group') 
AGM Statement 
 
 
ADDleisure Plc, the AIM traded company formed to develop products and services 
in the health and wellness sector, held its Annual General Meeting ('AGM') 
yesterday and all resolutions were duly passed. 
 
 
At the meeting, ADDleisure Chief Executive, David Turner, made the following 
statement: 
 
 
"A great deal has changed since we met for our last AGM, both in terms of your 
Company's operations and with respect to the wider financial environment. 
Despite the economic downturn, ADDleisure remains ideally positioned to 
capitalise on the proprietary technology that we have developed through Fitbug 
Limited ('Fitbug') and Ez-Runner Limited ('Ez-Runner') and we believe that the 
decisions and developments that we have made over the period will significantly 
strengthen our position as a market leader in the health and wellness sector. 
 
 
"The decision to streamline our corporate structure, through the divestment of 
Movers and Shapers Limited ('Movers and Shapers') and ADDWellness Holdings 
Limited, the holding company for both Movers and Shapers and Fitbug, will prove, 
I believe, particularly beneficial for our financial performance in the year to 
come. Importantly, throughout this restructuring we have retained the support of 
Bupa, through its 28.9% holding in ADDleisure and have gained full control of 
Fitbug. 
 
 
"The restructuring, which has enabled the Company to focus on its core revenue 
generators, Fitbug and Ez-Runner, already appears to be producing results for 
both subsidiaries in the form of major new contracts. The Fitbug concept is 
continuing to receive strong private and public sector support, with programmes 
initiated by Primary Care Trusts ('PCTs') and high profile multi-national 
organisations producing encouraging results. The planned launch of partnerships 
with Holmes Place International and YorBody is further testament to the 
significant advantages that Fitbug can deliver to companies.  Our intelligent 
management software business has also been transformed over the period due to 
the acquisition of ClubRunner and subsequent rebranding as Ez-Runner. The 
acquisition has not only provided us with access to ClubRunner's existing client 
list and strengthened the management team, but also given us the capability and 
exposure to market for new contracts, such as our major new contract to supply a 
total business-wide software solution to all UK based Virgin Active Health 
Clubs. 
 
 
"On balance I believe that the restructuring process that we initiated in April 
of this year will strengthen the Company's position as a leader in the health 
and wellness sector and provide a solid foundation for future growth. I would 
like to thank our shareholders for their support throughout this challenging 
period as well as the ADDleisure team for their continued, unwavering loyalty 
and dedication." 
 
 
** E N D S ** 
 
 
For further information visit www.addleisure.com or contact: 
 
+----------------------------+----------------------------+-------------------+ 
| Mike Mills                 | ADDleisure Plc             | Tel: 020 7449     | 
|                            |                            | 1000              | 
+----------------------------+----------------------------+-------------------+ 
| Mark Percy                 | Seymour Pierce             | Tel: 020 7107     | 
|                            |                            | 8000              | 
+----------------------------+----------------------------+-------------------+ 
| Susie Callear              | St Brides Media & Finance  | Tel: 020 7236     | 
|                            | Ltd                        | 1177              | 
+----------------------------+----------------------------+-------------------+ 
 
 
Notes 
ADDleisure Plc, 28.9% owned by Bupa, was formed to develop products and services 
in the leisure and wellness sectors, helping to meet the growing demand for 
innovative new health and fitness solutions. 
 
 
The Company has a highly experienced management team including Allan Fisher, 
founder and former CEO of Holmes Place plc; David Turner, founder and former 
director of LA Fitness plc; and David Cummin, founder and former director of 
Membertrack Limited, a leading club membership software provider. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 AGMZGGFNMGDGLZM
Addleisure (LSE:ADE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Addleisure Charts.
Addleisure (LSE:ADE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Addleisure Charts.