November 2005 Archive

Powerhouse Co-Founder Dies

HIGHLAND PARK, MI -- Norman K. Dabish, co-founder of Powerhouse Gyms International, passed away last month from an apparent heart attack, according to the company. He was 46 years old. As teenagers, he and his brother, William, started the Warrior Martial Arts supply store in Highland Park, MI, that eventually evolved into the first Powerhouse Gym in the back room of their father’s grocery store in 1975.

Life Time Fitness Reports Growth in Third Quarter

EDEN PRAIRIE, MN--Life Time Fitness Inc. reported that its revenue grew 28.3 percent in the third quarter 2005 to $101.6 million from $79.2 million during the same period last year. Net income during the quarter grew 35.8 percent to $10.7 million and earnings per diluted share grew 31.8 percent to $0.29. This compares to net income of $7.9 million, or $0.22 per diluted share, for the third quarter last year. For the nine months ended September 30, 2005, revenue grew 24.6 percent to $286.5 million from $229.9 million during the same period last year. Net income grew 40.4 percent for the same period to $29.1 million, or $0.81 per diluted share, from $20.8 million, or $0.65 per diluted share for the first nine months of 2004.

Web Helps Military, Public Lose Weight for Good

VANCOUVER, BRITISH COLUMBIA—The Internet is helping military personnel and the public lose weight and keep it off, according to two new studies presented in mid-October at the 2005 Annual Scientific Meeting of North American Association for the Study of Obesity (NAASO), The Obesity Society.

Consumers Want Healthier Food, But Don’t Want to Pay For It

ST. LOUIS—Consumers are concerned about the nutritional content of food, but they’re not willing to pay for healthier fare, according to new consumer research.

BRAC Officially Takes Effect

WASHINGTON -- The Base Realignment and Closure Commission's (BRAC) recommendations for reshaping the Defense Department's (DoD) infrastructure and force structure officially took effect Nov. 9 after Congress allowed them to pass into law at the mandated Nov. 8 deadline. The 2005 BRAC recommendations represent the most aggressive BRAC ever proposed, affecting more than 800 installations, although military fitness will probably not be affected, officials said.

Waist-to-Hip Better Than BMI in Obese Heart Attack Risk

ONTARIO -- The best way to check heart attack risk in the obese isn't body mass index (BMI); a person's waist-to-hip ratio was far more effective, according to new, global research.

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