WLFI Releases Review of 2004 Strategic Progress
June 02 2004 - 7:25AM
PR Newswire (US)
WLFI Releases Review of 2004 Strategic Progress HEATHROW, Fla.,
June 2 /PRNewswire-FirstCall/ -- Weight Loss Forever International
(OTC:WLFI) (BULLETIN BOARD: WLFI) announced it is releasing a
six-month review of its WLFI 2004 Strategic Marketing Program. WLFI
has scheduled a formal board meeting next week to assess the
company's progress for the first six months into its strategic
plan. Implemented in December of 2003 the expansion strategy is
based on six areas: Increasing Clinic Revenues, Franchising,
Platinum Area Developers, E-Commerce Promotion and Marketing,
Co-Branding Ventures, and Acquisitions. (See:
http://www.beverlyhillsweightloss.com/2004PathsForGrowth.htm). "We
are very pleased overall with our performance in five of the six
critical paths targeted for corporate expansion," detailed WLFI CEO
Michael D'Apolito. The review cites one area -- Acquisitions --
that performance has not met initial expectations. "Each of the
four WLFI divisions have focused on what they do best -- be leaders
in their respective market arenas. The WLFI board is very confident
that 2004 will continue to set new company benchmarks. This is a
great year to be part of the WLFI organization." Six Month
Milestones Include: Increasing Center Revenues: -- Beverly Hills
added line of specially formulated products for women age 40 - 55.
-- Weight Loss Forever held its annual convention with sales
training sessions and product presentations to increase per clinic
revenue. Franchising: -- Beverly Hills Weight Loss and Wellness
opened its first clinic in Central Florida. -- Opened additional
clinics in South Florida. -- Opened its fifth Beverly Hills clinic
in Virginia Beach, Virginia. -- Weight Loss Forever increased the
number of franchises by 22%. Platinum Area Developer Agreements: --
Signed a "Platinum Area Developer" agreement for upper New York
State. -- Signed a "Platinum Area Developer" agreement for Central
Florida. -- Signed a "Platinum Area Developer" agreement for
Maricopa County, Arizona -- Several new agreements are being
negotiated at this time. Electronic Commerce: --
http://www.beverlyhillsweightloss.com/ launched and is now
receiving requests for product and franchise information via the
Internet -- http://www.beverlyhillsweightloss.com/ experienced
57,000 hits in its first week of operation. -- http://www.wlf.com/
experiences several thousand hits per month --
http://www.tammyphillipsfitness.com/ comprehensive website in
development Co-Branding Ventures: Beverly Hills Nutrimarts(R) --
Formed a new division, Beverly Hills Nutritional Services(R), to
penetrate the vast U.S. market of over 3600 health clubs and gyms.
-- Opened test facilities in two south Florida Gold's Gyms. --
Entered Co-Branding Venture With Lady of America. Tammy Phillips
Fitness: -- WLFI forms Tammy Phillips Fitness Group LLC with Tammy
Phillips Fitness Boot Camps, a high impact fitness program in its
fourth year of operation. -- Started a TPF Boot Camp expansion
program into a minimum of nine new markets. -- Have signed
forty-five (45) preliminary licensing agreements to date. -- TPF
Licensing Fee was increased from $2500 to $5000. About WLFI Weight
Loss Forever International is a franchise management company
currently operating 46 centers under four brands, Weight Loss
Forever(R), Beverly Hills Weight Loss & Wellness(R), Beverly
Hills Nutritional Services(R) and Tammy Phillips Fitness(R). 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
http://www.wlf.com/ http://www.tammyphillipsfitness.com/ 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
CONTACT: Tim Murray of Weight Loss Forever International,
+1-866-244-9534, Web site: http://www.brokerelations.com/
http://www.beverlyhillsweightloss.com/NewsRel.php
http://www.wlf.com/ http://www.tammyphillipsfitness.com/
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