Town Sports International Holdings, Inc. reported an 8% drop in
its working capital deficit, from US$73.48 million at Dec. 31,
2007 to US$67.21 million at Dec. 31, 2008.
provides timely updates on public companies reporting a working capital deficit to the U.S. Securities and Exchange Commission. Companies with minimum total assets of USD $5 million are covered. Liquidity Alert highlights significant events affecting liquidity, cash flows, estimated capital expenditures, and capital raising efforts.