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ClubCom and Cardio Theater Purchase E-Zone Assets
& Installation Base

PITTSBURGH & ATLANTA (May 12, 2001) - On May 7, 2001, ClubCom and Cardio Theater successfully completed the acquisition of all the assets of the bankruptcy estate of E-Zone Networks, Inc. The purchase includes the installation base of nearly 400 health clubs together with all inventories, intellectual properties and programming content needed to service and operate the E-Zone installed facilities.

ClubCom is a leading provider of private television networks for place-based communities with an emphasis on commercial health clubs. Its networks include some of the nation's largest private television networks including the Gold's Gym Broadcasting Network. It is financially backed by some of the world's leading institutional funds including Draper Triangle, an affiliate of Draper Fisher Jurvetson, and Residentie Investments BV, part of the Achmea Group of the Netherlands.

"The integration of the E-Zone installation base further facilitates our quest for a standardized broadcasting platform for the fitness industry," states Thomas G. Lapcevic, the Chairman and CEO of ClubCom. "It was truly an unfortunate event for the
industry that the downturn of the capital markets prevented E-Zone from completing its mission. Fortunately, ClubCom is well positioned to integrate the E-Zone installations into our firmly established network operations and advertiser base."

Cardio Theater is the fitness industry's leading provider of interactive entertainment systems with more than 6,000 health club installations. It pioneered the development of the industry's entertainment sector and continues to set technological standards with digital product offerings renowned for providing health club members the highest quality entertainment experience possible.

"We felt that participating in the purchase of E-Zone was important to the exercise entertainment industry," claims Tony de Leede, President of Cardio Theater. "Entertainment continues to be such a crucial component to the growth and continued success of the fitness industry. It was imperative that we work with ClubCom to provide a standardized solution that upholds the integrity and quality of the industry's entertainment sector."

The primary objective of the joint effort between ClubCom and Cardio Theater is to preserve the industry's media opportunities while providing the E-Zone installed health clubs with an equitable solution that alleviates the challenges and uncertainties associated with the bankruptcy of E-Zone.

"The integration of ClubCom's network programming and Cardio Theater's hardware installation services provides the E-Zone facilities a very positive solution," states Mark Smith, CEO of Town Sports International, "I am very optimistic about the future of our network. Overall, it is imperative that we all work together to preserve and promote the industry's enormous media opportunities."

TSI was E-Zone's largest customer and is already in the process of reactivating its network. ClubCom and Cardio Theater will be in direct contact with each of the E-Zone installed facilities over the next several weeks. Each company believes that the entire E-Zone network will be fully integrated and operational within the next eight to ten weeks.