New Fitness Club Considered Flagship of Growing Chinese Fitness Industry
Posted on: Wednesday, 13 June 2007, 06:01 CDT
A new fitness club considered to be a flagship club for China's burgeoning fitness industry opened this month in the prestigious Jin Mao Tower, one of the tallest buildings in the world.
The 32,000 square-foot (3,000 meter) Will's Gym contains wall-to-wall equipment from pure fitness company Nautilus, Inc. (NYSE: NLS), occupying two floors of the 88-story landmark skyscraper in the Pudong district of Shanghai, among the world's top 25 population centers. It is the eighth and largest club opened under the Will's Gym brand in Shanghai.
"Fitness is quickly becoming important to the growing middle and upper class in China, just like in Western Europe and North America," said businessman Will Wang, owner of Will's Gym, who has short-term plans to double the number of Will's Gyms locations. "We are establishing our position in this growing market by selecting popular locations and installing the finest equipment in the fitness industry."
The new club will serve business clientele from more than 100 leading corporations who have operations in the Jin Mao Tower and surrounding area. Members will have access to 166 items of fitness equipment spanning seven lines of Nautilus cardiovascular products and three lines of Nautilus strength products. Annual memberships are RMB 6000-9000, or about $70-100 a month.
"We're pleased to be working with Will's Gym to reach an important segment of fitness enthusiasts in China," said Darryl Thomas, President of International Equipment for Nautilus, Inc. The company formed a subsidiary about a year ago to accelerate its plans to provide fitness solutions for China's 1.3 billion people.
About Nautilus, Inc.
Headquartered in Vancouver, Wash., Nautilus, Inc. (NYSE: NLS) is a pure fitness company that provides tools and education necessary to help people achieve a fit and healthy lifestyle. With a brand portfolio that includes Nautilus(R), Bowflex(R), Schwinn(R)Fitness, StairMaster(R), and Pearl iZUMi(R), Nautilus manufactures and markets a complete line of innovative health and fitness products through direct, commercial, retail, specialty and international channels. The Company was formed in 1986 and had sales of $680 million in 2006. It has 1,500 employees and operations in Washington, Oregon, Colorado, Oklahoma, Illinois, Virginia, Canada, Switzerland, Germany, United Kingdom, Italy, China, and other locations around the world. More information is at www.nautilusinc.com.
Image Available: http://www.marketwire.com/mw/frame_mw?attachid=513344
SOURCE: Nautilus, Inc.
Source: MARKET WIRE
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