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WLFI Weight Loss Forever (MM)

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Share Name Share Symbol Market Type
Weight Loss Forever (MM) NASDAQ:WLFI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

'Milestone' Contract Opens WLFI to 5 Million New Prospects

18/05/2004 12:27pm

PR Newswire (US)


Weight Loss Forever (NASDAQ:WLFI)
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'Milestone' Contract Opens WLFI to 5 Million New Prospects HEATHROW, Fla., May 18 /PRNewswire-FirstCall/ -- Weight Loss Forever International (BULLETIN BOARD: WLFI) , announced today that its Beverly Hills Weight Loss & Wellness(R) division has signed a Platinum Area Developer agreement that will give the company its first significant presence in the Western U.S. The agreement signed with National Franchise Center, LLC for Maricopa County, Arizona includes the cities of Phoenix, Scottsdale, Mesa and Tucson. The four metro-areas have a combined population of over six (6) million people immediately exposing the company to one of the most significant markets in the U.S. "This is truly a milestone for WLFI," said Michael D'Apolito, WLFI CEO. "We've had numerous interviews for this territory but decided we needed the right player with experience, financial backing and a 'get it done now' attitude." The agreement for the Arizona territory is one of several that have been pending final discussions and contract details. WLFI expects additional new "Platinum Area Development" agreements to be forthcoming. At the signing Robert Palmer, a principal in National Franchise Center, LLC said, "the Beverly Hills name obviously has a special panache in the western U.S. We intend to fully capitalize on the success and attitude that having a name like Beverly Hills brings to this market." The "WLFI Platinum Area Developer" agreement entitles qualified investors to significant financial incentives, funding resources and franchise privileges more broad than typical area development agreement. The entitlements are contingent upon opening numerous franchises simultaneously according to a rigid timetable that dictates the area developer must open a minimum of twenty (20) units in a five-year period. National Franchise Center, LLC is now identifying potential locations. About WLFI Weight Loss Forever International is a franchise management company currently operating 44 clinics under four brands, Weight Loss Forever(R), Beverly Hills Weight Loss & Wellness(R), Beverly Hills Nutritional Services(R) and Tammy Phillips Fitness(R). WLFI "Platinum Area Development Agreements" lead the company's strategy for franchise expansion. For WLFI Company and Franchising Information Contact: Mr. Tim Murray at 1-866-244-9534 (WLFI) or http://www.brokerelations.com/ http://www.beverlyhillsweightloss.com/NewsRel.php This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice. DATASOURCE: Weight Loss Forever International, Inc. CONTACT: Tim Murray of Weight Loss Forever International, Inc., +1-866-244-9534 (WLFI) Web site: http://www.brokerelations.com/ http://www.beverlyhillsweightloss.com/NewsRel.php

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