General

We were incorporated in Delaware in 1994 to consolidate the ownership of several sports and fitness clubs. We currently own and operate four Clubs under "The Sports Club/LA" name in Los Angeles, Beverly Hills, Orange County and at Rockefeller Center in New York City. Our Clubs offer a wide range of fitness and recreation options and amenities, and are marketed to affluent, health conscious individuals who desire a service-oriented, state-of-the-art club. Our Clubs are widely recognized as being among the finest sports and fitness clubs in the country.

Our Clubs (hereinafter referred to as "Clubs" or The Sports Club/LA) are conveniently...