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Fitness Management Group, Inc. (the "Company"), parent company of Peak Fitness Centers ("Peak Fitness"), today announced that the Company has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in the Bankruptcy Court for the Western District of North Carolina (the "Bankruptcy Court"). As part of this restructuring, Fuzion Investment Capital LLC, a Nevada Limited Liability Company (the "Acquirer" or "Fuzion"), will acquire Peak Fitness assets under a section 363 sale of the U.S. Bankruptcy Code. Under new ownership, Peak Fitness Centers will continue on a far stronger and more competitive footing.
