MINNEAPOLIS, March 24 /PRNewswire-FirstCall/ -- Health Fitness
Corporation (OTC Bulletin Board: HFIT) today announced that its board of
directors has authorized a plan to repurchase up to $2.5 million of the
company's outstanding common shares. Under the plan, the company may
repurchase shares on the open market in amounts and at times deemed
appropriate by management and in accordance with Securities and Exchange
Commission Rule 10b-18 and other pertinent rules and regulations. The share
repurchase plan is effective on April 1, 2008 and will continue for a
period of six months, subject to the Company's right to announce earlier
termination or an extension of the plan. The company's insiders will be
prohibited from trading in the company's stock throughout the duration of
the plan.
Share repurchases will be funded by the company's available working
capital. The timing of any such repurchases under the plan will depend on
price, market conditions and applicable regulatory requirements. As of
March 24, 2008, Health Fitness Corporation had 20,255,834 common shares
outstanding.
About Health Fitness Corporation
Health Fitness Corporation is a leading provider of integrated employee
health and productivity management solutions to Fortune 500 companies, the
health care industry and individual consumers. Serving clients for more
than 30 years, Health Fitness Corporation partners with employers to
effectively manage their health care and productivity costs by improving
individual health and well-being. Health Fitness Corporation serves more
than 300 clients globally via on-site management and remotely via Web and
telephonic services. Health Fitness Corporation provides a complete
portfolio of health and fitness management solutions including a
proprietary health risk assessment platform, screenings, EMPOWERED(TM)
Health Coaching and delivery of health improvement programs. Health Fitness
Corporation employs more than 3,000 health and fitness professionals in
national and international locations who are committed to the company's
mission of "improving the health and well-being of the people we serve."
For more information on Health Fitness Corporation, visit
http://www.hfit.com.
SOURCE Health Fitness Corporation
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Related links:
http://www.hfit.com
CONTACT:
Wes Winnekins, CFO of Health Fitness
Corporation, +1-952-897-5275; or David Heinsch of Padilla Speer
Beardsley, +1-612-455-1768, for Health Fitness Corporation
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