The company's purpose is to provide instruction, courses and seminars in the field of swimming and water sports as well as sports of all kinds, and to import, trade in and distribute goods of all kinds; to hold participations; to acquire, manage, broker and sell licenses, patents and other intangible assets; to acquire, sell, encumber, manage, rent and develop real estate; to carry out financing; to enter into guarantees and sureties for subsidiaries and third parties. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose.