BALAZS BOXING PRESS RELEASE

ALLENTOWN, PA; June 10, 1999 - Two of the youngest players in the boxing industry have teamed up to thrust this time-honored contact sport into the new millennium.

As the boxing arena evolves to include a wider competitive base and an increased popularity among athletes, the traditional boxing gym and equipment must be further developed to address this evolution. Andrew R. Laudenslager, President of Balazs Inc., and Justin D. Blair, Owner of the Church Street Boxing Gym, recognize the opportunities ahead and will capitalize on this new market by combining their efforts. These 28-year-old entrepreneurs are working together on product testing and development, Internet marketing and endorsements.

Balazs Inc., hailed the "Ring Leader" by Men's Health Nov' 98, is the leader in commercial grade boxing equipment. Based in Allentown, PA, Balazs sells state-of-the-art modular bag stands and mounts worldwide. Balazs also offers a complete line of accessories from heavy bags to how-to videos.

The Church Street Boxing Gym was built to supply the people of New York with an affordable and authentic boxing gym that holds true to the rich tradition of NYC boxing. Voted "Best Boxing Gym" in New York Magazine's 1998 Best of New York Issue, the Church Street Boxing Gym is New York's premier facility. It is the largest boxing training facility in the state and the only Manhattan gym licensed by the New York State Athletic Commission. In addition, Church Street's private training center has attracted numerous high profile athletes such as Felix Trinidad and Evander Holyfield for pre-fight training.

By joining forces, these esteemed entrepreneurs, Laudenslager and Blair, intend to further the sport of boxing, while maintaining the Church Street Boxing Gym's original intentions for its facility. Balazs Inc. will supply the Church Street Boxing Gym with innovative products, such as wall and ceiling speed bag mounts as well as Balazs' very own Universal Boxing Stands®. In exchange, Church Street will permit onsite promotion and product testing by the gym's professional and fitness-only boxers. In addition, new products and programs will be introduced to meet the demands of today's "boxer." The conjunction of these entrepreneurs will prove to be extremely beneficial to the athletes that frequent Blair's facility.

The Church Street Boxing Gym can be found at www.NYBoxingGym.com, and Balazs Inc. can be found at www.BalazsBoxing.com.

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