Montana Mining Corp., a public company trading under the symbol MMGC ("Montana") today announced that its wholly owned subsidiary Fitness USA, Inc. has entered into a letter of intent with LA Boxing Franchise Corporation ("LA Boxing") to become the exclusive franchisee of LA Boxing for the Beverly Hills/Brentwood area of Los Angeles, California.
LA Boxing is a national operator of distinctive cardio boxing, kick boxing, and mixed martial arts (MMA) health and fitness gyms. The Southern-California based LA Boxing has granted 99 franchises in 19 states and Puerto Rico to date and continues to expand the reach of its program. Montana believes that the anticipated execution of a franchise agreement for the Beverly Hills/Brentwood area is a first step towards capitalizing on opportunities within the health and fitness market that may include additional opportunities with LA Boxing both nationally and internationally.
Carl J. Kosnar, Managing Partner of the Kosnar Group, franchise development consultants for LA Boxing, believes that:
LA Boxing is the #1 cardio boxing fitness gym in the world and one of the most recognized names in the explosive 15.9 billion dollar fitness industry. LA Boxing offers all of the latest cardio and strength equipment and training including group boxing, kickboxing and MMA classes and personal training to in excess of 30,000 members. LA Boxing continues to change lives by helping people achieve their individual potential.
Montana intends to change its name to "Fitness International, Inc." as soon as is practicable to reflect the company's focus and will soon add an experienced management team to ensure the success of the Beverly Hills/Brentwood franchise as the base for what could be an effective international roll-out of health and fitness market opportunities.
About LA BOXING Franchise Corporation
LA Boxing, a membership physical fitness company consisting of unique professional boxing and kickboxing training regimens which utilize a system and products that are proprietary to LA Boxing, offers a turn-key franchise with the franchisee and staff receiving full training and ongoing support. LA Boxing sources and trains membership sales people in addition to recruiting professional fighters as instructions for its franchisees. LA Boxing has trained world champions and numerous other professional fighters. However, the vast majority of LA Boxing members are men and women that are just interested in cardio workout and enjoying the benefits of its fitness training program.
Forward Looking Statements
A number of statements contained in this press release are forward-looking statements. A safe-harbor provision may not be applicable to the forward-looking statements made in this press release. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the development of Montana's business plan, and its ability to secure sources of financing. The actual results that Montana may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Montana encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB and Form 10-QSB.
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