Investors Service Agency

Do in Aa2? a Aa3?. Japanese Finance Minister says that confidence remains intact. The budget deficit, the accumulation of public debt, the consequences of the earthquake of last March and political instability are the main causes. Moody s Investors Service Agency Wednesday downgraded Japan’s sovereign debt rating, and slashed its debt from Aa2 rating? to Aa3, the budget deficit, the accumulation of public debt from 2009 and the ctos of the earthquake of March 11 and the subsequent nuclear crisis. The Japanese Finance Minister, Yoshihiko Noda, said Wednesday that confidence in Japan’s economy remains intact despite trimming of Moody s. Sale, without problems, the bonds of debt of the Japanese Government in recent auctions show that confidence is still intact, said Noda quoted by the Kyodo Agency. Political instability affects the quality of debt In addition, the rating agency added motifs of rebate political instability which prevented, according to a statement from Moody s, long-term strategies. Japan, which the week coming plans to change of Prime Minister before the resignation of the current, Naoto Kan, by its management in the crisis of March 11, has had since 2006 five Prime Ministers. On May 31 Moody s put on review for a possible lowering the debt rating of risk of Japan faced with the difficulties of the Government to establish and achieve a credible target of reducing the public deficit. The Agency also downgraded the Outlook for Japan’s sovereign debt from stable to negative (Aa2) in late February and warned that, without a return strategy, debt of Japan greatly by economic and fiscal costs of the earthquake on March 11, much higher than expected initially. Source of the news: Moody s downgrades the rating of sovereign debt of Japan

Momo Sports Club

Momo Sports Club, clubs of padel in franchise network, recently announced its expansion plans that contemplate develop throughout the national territory to achieve not less than 15 centres over a period of two years, both through the granting of franchises such as the opening of its centres. Cardiologist may not feel the same. The immediate objective of responsible for the plant is three franchises to join the network during the remainder of 2012. Eva Andersson-Dubin, New York City has plenty of information regarding this issue. Currently the flag has two clubs in property, both in the community of Madrid, inaugurated in 2006 and 2010, respectively. To achieve this, they offer the opportunity of joining a business concept that has demonstrated its profitability in recent years, managing to capture more than 3,600 customers and an annual turnover of EUR 2.5 million to entrepreneurs and investors. Thus Momo Sports Club managers are on the one hand looking for people passionate about the sport in general and the world of padel in particular, who wish to develop a business as a self-employment option in this area. The franchise has a turnkey modality in which is responsible for throughout the implementation process, from searching for location until the opening depending on the expectations of the franchisee, in a period of between 2 and 6 months, or a mixed system for those who already have an enclosure suitable to take advantage of (1,800 m at a minimum).

The Ensign has preferential agreements with lenders to facilitate the availability of the necessary funding to deal with investment, which stands at a minimum of 200,000 euros. On the other hand, Momo Sports Club offers the possibility to investors of becoming franchisees leaving in charge of the management and operation of the business to own central. In this case are concerned with an investment that is retrieved by the fourth year, with an annual turnover around 200,000 euros (for the lower investment which stipulates the Ensign) including the first year of operation. And with a flexible business if it envisages a development staggered Club. In any case the concept of Momo Sports Club business includes four basic areas that comprise the centres facilities: paddle tracks, installed by X-Treme, responsible company, among others, the tracks of the magic box; Shop specialized, equipped with necessary for the practice of sport; playground, to involve the entire family; and cafeteria, important to offer the club experience. From these bases can achieve greater development and adaptation, adjusting to the possibilities of the franchisee, for example equipping the Centre for other sports (soccer, basketball, swimming, golf), or, depending on the climate of the region, opting for covered tracks, to the open air, or mixed.

INFORMATION corporate Momo Sport Club, paddle clubs network, begins to grant franchises in Spain. This ensign is specialized in the implementation of paddle clubs, both outdoor as indoor or mixed configuration for an integral development including schools, tracks rentals, classes personalized according to levels, tournaments, ranking, etc. The minimum investment is around 200,000 euros, with a runway of 4,000 euros per entry fee, an exploitation royalty of 5% on sales, with a minimum of 170 per month per track.