Stock Market Champs..........10-04-06

China Development Group Corp. (CTDC)

Last Trade:	6.41
Trade Time:	11:09AM ET
Change:	1.62 (33.82%)

China Technology Development Group Corp., a Hong Kong-based provider of network security products and services, said Friday it regained compliance for continued listing with the Nasdaq stock market.

The company, which was granted a hearing by the Nasdaq Listings Qualifications Panel on Sept. 7, said because it filed its 2005 financial results on Tuesday, it is no longer delinquent and its stock will continue to be listed on the Nasdaq.

Shares of CTDC, which have traded between $1.20 and $14.50 over the last year, were up $1.24, or 49.4 percent, at $4.39 in afternoon trading, a retreat from their intraday high of $5.17. Volume was more than 10 times normal daily trading.

Bally Total Fitness Holding Corp. (BFT)

Bally Total Fitness Holding Corp. (NYSE: BFT), which warned last month that it may not be able to fulfill its credit agreement, said on Wednesday that lenders had agreed to credit totaling $280 million.

The new agreement moves the date on which the company's senior subordinated notes are due to October 15 from April 15, according to the agreement. The news sent Bally's shares up more than 25 percent to $2.10 on the New York Stock Exchange.

In a filing with the U.S. Securities and Exchange Commission, the fitness club operator said a team of lenders had agreed to a term loan of $205.9 million, a delayed-draw term loan of $34.1 million, and a revolving credit facility of $40 million.

They are expected to close on October 16.

In September, Bally posted a second-quarter loss and said it would not have sufficient liquidity to operate its business without an extension of its credit agreement with lenders, or the refinancing of its debt.

Bally has struggled to recover from accounting issues that prompted it to restate five years of financial reports. In August, the company removed its chief executive and said its search for a buyer had been unsuccessful.

The company said its lenders included JPMorgan Chase Bank, J.P. Morgan Securities Inc., Morgan Stanley Senior Funding Inc., Canyon Capital Advisors, and Goldman Sachs Credit Partners.

Bally also affirmed a forecast it gave on August 11 for 2006 cash contribution to be 10 percent to 20 percent below the $120 million it reported for 2005. The company's cash contribution represents operating income excluding depreciation and amortization, and unusual items.

Bally's stock had fallen some 83 percent since March 31.