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Exhibit 12.1

EQUINOX HOLDINGS, INC.
Computation of Earnings to Fixed Charges
All Figures in Thousands, Except Ratios

		Year ended December 31,											Three Months Ended March 31,						Twelve Months Ended March 31,
		1999		2000		2001		2002		2003			2003			2004			2004
Earnings Available for Fixed Charges
	Income (loss) before income taxes	$	7,818	$	3,001	$	5,007	$	5,961	$	(13,454	)	$	(527	)	$	(1,013	)	$	(13,940	)
	Add: Fixed Charges before Preferred Dividends		1,916		4,611		15,746		15,675		37,865			5,009			5,034			37,889
	Total	$	9,734	$	7,612	$	20,753	$	21,636	$	24,411		$	4,482		$	4,021		$	23,949
Fixed Charges
	Interest Expense	$	888	$	2,420	$	13,298	$	12,708	$	33,693		$	3,941		$	3,791		$	33,543
	Rental and Occupancy Expense		1,028		2,191		2,448		2,967		4,172			1,068			1,243			4,346
Total Fixed Charges Before Preferred Dividends		$	1,916	$	4,611	$	15,746	$	15,675	$	37,865		$	5,009		$	5,034		$	37,889
	Preferred Dividends		—		—		157		335		82			—			—			—
Total Fixed Charges		$	1,916	$	4,611	$	15,903	$	16,010	$	37,947		$	5,009		$	5,034		$	37,889
Coverage (deficit) Earnings to Fixed Charges			5.08		1.65		1.30		1.35	$	(13,536	)	$	(527	)	$	(1,013	)	$	(13,940	)

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Exhibit 12.1

EQUINOX HOLDINGS, INC. Computation of Earnings to Fixed Charges All Figures in Thousands, Except Ratios