Fitell (US:FTEL) Globenewswireยท2025-03-26 15:23Core Points - Fitell Corporation, an online retailer of gym and fitness equipment in Australia, announced an Extraordinary General Meeting (EGM) scheduled for April 9, 2025 [1] - The EGM Notice was distributed to shareholders on March 24, 2025, detailing voting procedures and proposals [2] - Registered shareholders as of March 12, 2025, are entitled to attend and vote at the EGM [3] Company Overview - Fitell Corporation operates through its wholly owned subsidiary GD Wellness Pty Ltd, focusing on gym and fitness equipment sales under proprietary and other brand names [4] - The company aims to create a comprehensive fitness and wellness ecosystem powered by technology, having served over 100,000 customers with significant repeat sales [4] - Fitell's brand portfolio includes three proprietary brands under Gym Direct: Muscle Motion, Rapid Motion, and FleetX, with over 2,000 stock-keeping units (SKUs) [4] EGM Proposals - The EGM will address several proposals, including: 1) Share Capital Reorganisation Proposal 2) Charter Amendment Proposal 3) Share Repurchase and Issuance Proposal 4) Share Consolidation Proposal 5) Share Consolidation Memorandum Amendment Proposal [6]