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LADY OF AMERICA FRANCHISE CORPORATION
APPOINTS GERALD WEBER
AS ITS PRESIDENT AND CHIEF EXECUTIVE OFFICER
Miami, FL - (November 2, 2005) Lady of America Franchise Corporation ("Lady of America" or the "Company") named Gerald Weber as its President and Chief Executive Officer. The position had been filled on an interim basis by Jeff Silverman since Lady of America's founder, Roger Wittenberns, retired in January 2005.
Mr. Weber spent 16 years working with Wayne Huizenga, as the Chief Operating Officer of Blockbuster, AutoNation and NationsRent. Prior, he spent 16 years in various operational positions of increasing responsibility with both Shoppers Drug Mart, working with Murray Koffler, and the Gray Drug Fair division of Sherwin Williams.
Derek McDowell, Lady of America's Chairman, commented, "With over 32 years of experience as a senior executive within some of the most recognized franchising and multi-unit businesses in the nation, Gerry Weber brings a strong operational background to Lady of America. Gerry is a seasoned veteran and will join a growing team at Lady of America. We are pleased to have attracted him to our Company given the size and success of Blockbuster and his other endeavors.
We are also thankful to Jeff Silverman for his contribution to the system. Jeff Silverman and Richard Cueny, our Chief Operating Officer and Chief Financial Officer, have been integral in starting to transform the business from an entrepreneurial success story to an institutional platform structured for continued growth and increased profitability."
Lady of America, headquartered in Fort Lauderdale, Florida, is the second largest franchisor of women only fitness centers. Operating under the brands of Lady of America, Ladies Workout Express, Workout Express and Health Clubs of America and offering a range of formats from full service fitness centers to circuit training fitness centers, the Company has grown to over 700 franchise locations and approximately $90 million in systemwide revenue.
©2008 Trivest Partners, L.P. All Rights Reserved.
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