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Dan Granader was elected to our board of directors by our shareholders on August 20, 2003, and took his seat on September 15, 2004 after we obtained Director’s and Officer’s liability insurance. Mr. Granader lives in Gold Creek, Montana where he operates a 30,000 acre ranch. From 1987 through 1998, Mr. Granader owned 13 World Gym locations, and was the largest franchisee of World Gym until he sold his operation to 24 Hour Fitness in 1998. From 1981 to 1987, Mr. Granader was the owner-operator of seven McDonald franchises in the Houston, Texas area. Mr. Granader attended the University of Nebraska in Lincoln, Nebraska between 1966 and 1970 where he majored in business administration. He was re-elected at our November 18, 2004 shareholder’s meeting. | 