ITECH FITNESS and XRKADE brand name file to liquidate assets
and dispose of all debt on October 17, 2011.

September 6, 2011 - Deerfield, IL

In a letter to its creditors ITECH FITNESS assigned the assets to Goldsmith Partners of Illinois, Inc.,
Pursuant to the Trust Agreement and Assignment, Goldsmith Partners will liquidate the assets
of ITECH in order to maximize the value of those assets for the creditors of ITECH in accordance with
the priorities established by law.

The bidding company is Performance Health Systems, LLC (PHS), owned by one of the current shareholders of Itech Fitness.

The asset list includes: ITECH Fitness trademark, XRKADE trademark, office phone numbers, itechfitness.com domain name, various office computers, and product parts inventory.

Exergaming and Active Gaming products currently listed on the website include: Makoto II, Lightspace Play, XR Board, Gamebike, Expresso, Motivatrix, Idance, blufit, Cobalt Flux, 3 Kick, Dogfight, Treadwall, Ijoy, Xrkade Dance, Xrkade iZone, Xrkade Club, Active Cycle.


Chicago Tribune / Business Section 2 / Wednesday, October 5, 2011 / Page 7

ASSIGNEE’S SALE - ITECH FITNESS, INC.
Sale of Assets: Goldsmith Partners of Illinois, Inc, not individually, but solely
as Assignee for the Benefit of Creditors (the “Assignee”) for ITECH Fitness,
Inc. (“Debtor”), has negotiated an Agreement for the Purchase of Assets (the
“Purchase Agreement”) with Performance Health Systems, LLC, a Delaware
limited liability company (“Buyer”). Buyer agrees to purchase the Assignee’s
right, title and interest in substantially all of the assets of Debtor, including
intellectual property, inventory, offi ce furniture and equipment, customer lists,
and intangibles.
Term and Conditions of Sale: An Assignee Return of Bids Sale (the “Sale”)
will take place on October 17, 2011, at 10:30 a.m. central standard time at the
offices of Goldsmith Partners of Illinois, Inc., 2100 Sanders Road, Suite 200,
Northbrook, IL 60062. The assets will be offered as a single lot only, on an
“as-is where is” basis. Any additional bids must be in an amount not less than
One Hundred Fifteen Thousand Dollars ($115,000). Any additional bids must
be in writing, must contain terms and conditions similar to those contained in
the Asset Purchase Agreement including conditional consideration provisions.
Bids shall not contain any contingencies to closing and must be accompanied
by a cashier’s check in the amount of $20,000 payable to Goldsmith Partners
of Illinois, Inc., Assignee as a deposit, and the balance must be received by
the Assignee in good funds within twenty four (24) hours of the Sale. Upon
additional offers being received, an auction will be conducted with increments
for bids in the sum of $2,500. If the successful bidder fails to pay the balance
within the time allotted, the deposit will be forfeited and the Assignee may, at
his option, sell to the next highest bidder without prejudice or waiver to the
Assignee’s rights to and remedies against the defaulting bidder. The Assignee
reserves the right to adjourn the sale to further date without any further notice.
THE ASSETS SOLD OR TO BE SOLD ARE BEING SOLD IN A SINGLE
LOT ‘AS-IS” “WHERE IS” BASIS, AND WITH NO EXPRESS OR IMPLIED
WARRANTIES, REPRESENTATIONS, STATEMENT OF CONDITION OF ANY
KIND INCLUDING BUT NOT LIMITED TO WARRANTIES OF FITNESS FOR A
PARTICULAR PURPOSE.
For further information concerning the assets being offered for sale and copy
of the Purchase Agreement, please contact the Assignee as set forth below.
Goldsmith Partners of Illinois, Inc., Assignee, P.O. Box 195, Deerfield, IL 60015,
Fax: 847.945-9512, goldsmithpartners@yahoo.com