Retrofitness Strengthens Executive Team with Leaders from the Business Industry

Leading Fitness Chain Appoints New Chief Financial Officer and Director of Real Estate Development and Research

November 26, 2008 // Franchising.com // Colts Neck, New Jersey - Retrofitness, a unique 1980's-themed gym chain, is pumping up its executive team as Eric Casaburi, founder and CEO, announced today the hire of two key executives, Robert Sprechman and Richard Roser. Both have been brought on to lead the company's strategic growth initiatives for 2009 and beyond.

"It is an honor to have two highly respected individuals in the business industry join the Retrofitness team," said Casaburi. "Robert and Richard's shared knowledge and industry experience will enhance the Retrofitness brand and play a key role in defining the company's structure. We're fortunate to have them on board."

Sprechman will serve as the company's Chief Financial Officer (CFO). In his new role, he will be responsible for overseeing all aspects of financial planning including accounting, payroll, and human resources reporting to Casaburi.

Formerly CFO of New York-based Noamex, Inc., one of the largest wholesalers of used clothing worldwide, Sprechman brings a wealth of experience to his new position that includes roles as the CFO for Dynamic Changes Hypnosis Centers and controller for HFS Reality Associates, LLC. He began his career at Gikow, Bierman and Talesnick as a staff auditor.

"Retrofitness is a dynamic brand that is taking the fitness industry by storm with its innovative design and invigorating atmosphere," said Sprechman. "I look forward to being part of such a highly regarded organization in the fitness industry."

Roser joins the company as the new Director of Real Estate Research and Development, responsible for identifying new target locations, demographics research, and site exploration. He is the direct liaison between the corporate staff and brokers.

Roser, former Real Estate Research Manager of Linens and Things, a national home furnishing company, also brings an extensive background to Retrofitness.

"I am thrilled to have been given the opportunity to become part of a brand that upholds strong values, beliefs and standards," said Roser. "I look forward to taking Retrofitness to new heights as a member of the executive team."

About Retrofitness

Founded in 2004 by Eric Casaburi, Retrofitness was created to provide an exciting and inviting environment for all levels of fitness enthusiasts. Each Retrofitness location is equipped with a full service fitness center including 60-100 plus pieces of equipment supplied by the leading manufacturer of equipment supply, Life Fitness. In addition to equipment, members can enjoy a RetroBlends Juice Bar, personal training services, tanning and a retro cardio movie theatre featuring famous 80's flicks. The company currently has 39 clubs open and in operation, with an additional 80 locations under development. For more information, please visit www.retrofitness.net.

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