Robert Giardina, CEO of Town Sports International, presides over the closing bell.

Tuesday, September 19, 2006
at NASDAQ's MarketSite
in New York City.

Town Sports International
[CLUB]

Robert Giardina, CEO of Town Sports International(OPXA) presides over the closing bell to celebrate its initial public offering on the NASDAQ.
Town Sports International Holdings, Inc. is a leading owner and operator of health clubs in the Northeast and mid-Atlantic regions of the United States. In addition to New York Sports Clubs, TSI operates under the brand names of Boston Sports Clubs, Washington Sports Clubs and Philadelphia Sports Clubs, with 141 clubs and more than 430,000 members as of August 1, 2006. In addition, the Company operates three clubs in Switzerland. For more information on TSI visit http://www.mysportsclubs.com.

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Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 9/19/2006 Download Hi-Res Quality Photo of this NASDAQ Market Close - Pictured: Robert Giardina, CEO of Town Sports International, rings the Closing Bell These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.