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HP and 24 Hour Fitness Unveil Technology Discounts for Nearly 3 Million Exercise Enthusiasts

Agreement to Promote Growth of Technology Use Among Fitness Members

HP (NYSE:HPQ) and 24 Hour Fitness today announced an agreement that will allow close to 3 million members of 24 Hour Fitness, the world's largest privately owned fitness chain, to exercise discounts on HP computer technology.

"This agreement demonstrates our desire to provide our members benefits and additional value beyond their gym membership," said Brian Bouma, president, 24 Hour Fitness, USA. "HP is a familiar name at 24 Hour Fitness and the combined technology of the now merged company is a powerful force to run not only our IT infrastructure, but to promote the growth of technology for our membership.

"We believe that this new relationship with HP will afford both new and existing fitness members access to computer products and technology they might not otherwise take advantage of."

HP is a key technology provider for 24 Hour Fitness, supporting its worldwide operations with enterprise infrastructure hardware and technology solutions -- from storage to industry standard servers to desktop PCs.

New and existing 24 Hour Fitness club members will be able to benefit from special discounts on HP's commercial and consumer products, as well as quarterly promotions found on the http://www.24HourFitness.com Web site. A special link will allow members access to a rewards site for ordering HP technology.

"HP believes that embracing technology is important to members of 24 Hour Fitness centers throughout the world, people who are also mobile workers, corporate employees, entrepreneurs or stay-at-home parents," said Leigh Morrison, general manager, HP West Region. "We want to make technology available to each and every one of them."

About 24 Hour Fitness

Headquartered in Pleasanton, Calif., 24 Hour Fitness serves over 2.9 million members in more than 439 clubs globally, 296 of which are located in 16 different states. 24 Hour Fitness is committed to making fitness accessible and affordable to people of all fitness levels. Supporting the communities it serves, 24 Hour Fitness sponsors many charitable events and organizations including the American Cancer Society and the Magic Johnson Foundation. Please call +1 -800 -204 2400 or visit http://www.24HourFitness.com for more information and to find the location nearest you.

About HP

HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP merged with Compaq Computer Corp. on May 3, 2002. The merged company had combined revenue of approximately $81.7 billion in fiscal 2001 and operations in more than 160 countries. More information about HP is available at http://www.hp.com.


This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of HP and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to HP's annual report on Form 10-K, as amended on January 30, 2002, for the fiscal year ended October 31, 2001, HP's quarterly report on Form 10-Q for the quarter ended January 31, 2002 (as filed with the SEC on March 12, 2002) and subsequently filed reports. HP assumes no obligation and does not intend to update these forward-looking statements.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.