Organetix: KidFitness, Inc. Recently Featured on FOX News Philadelphia
Organetix: KidFitness, Inc. Recently Featured on FOX News Philadelphia
PHILADELPHIA, Aug. 27 /PRNewswire-FirstCall/ -- Organetix Inc. (BULLETIN BOARD: OGTX) has today announced that KidFitness, Inc. ("KidFitness"), the Company with which it has entered into a definitive agreement to acquire, was recently featured on FOX News Philadelphia (Channel 29). This 4 minute feature, hosted by Robin Talyor, aired on August 23, 2007 as part of the 5:00pm evening news programming. Please see the below link for the full story and video feed (due to length of URL, please copy and paste into browser): http://www.myfoxphilly.com/myfox/pages/News/Detail?contentId=4154596&version=2 &locale=EN-US&layoutCode=TSTY&pageId=3.2.1
KidFitness, Inc. expects a significant increase in national news and media coverage, as the Company's 7 minute "Fun Fitness Break" is launched throughout public school classrooms nationwide (K through 5).
About Organetix Inc.
Organetix Inc. (BULLETIN BOARD: OGTX - News) has defined its short-term strategy as evaluating potential acquisition candidates to both restore and create shareholder value. On August 13, 2007, the Company entered into a binding definitive agreement to acquire 100% of New York-based privately held KidFitness, Inc. The Company is currently working towards the successful completion of the transaction with KidFitness, although there are no guarantees a final deal will be consummated.
About KidFitness, Inc.
Founded in 2003, KidFitness, Inc. has developed comprehensive media based programs to assist young children in improving fitness and health. Specifically the Company's exercise programs target a growing national health concern known as Child Obesity. The Company has a multi-year contract with American Public Television, a national program distributor of PBS programming. KidFitness has just completed series 200, which consists of 13 episodes produced in high definition, and is now available in more than 82 million American households. In addition in July 2007, the Company announced a partnership with The United Way to provide national public school classrooms with a KidFitness 7 minute fitness break to improve the health of students. Please visit the website at http://www.kidfitnesstv.com/.
Disclaimer
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed acquisition and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
First Call Analyst:
FCMN Contact:
Source: Organetix Inc.
CONTACT: Mr. Seth M. Shaw, Interim President & CEO, Organetix Inc.,
cell, +1-917-796 9926, sethsms47@aol.com
Web site:
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