Thursday, May 31, 2007

Pardus Enters Confidentiality Agreement With Bally Total Fitness (BFTH)

In an amended 13D filing on Bally Total Fitness Holding Corp. (OTC: BFTH) 14.8% holder Pardus disclosed that on May 30, 2007, the Fund and the Company entered into a confidentiality agreement pursuant to which, among other things, the Company may make available to the Fund and its representatives certain non-public information about the Company for the purpose of evaluating and negotiating a possible restructuring of the Company.

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