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Cybex International, Inc. (AMEX: CYB), a leading
exercise equipment manufacturer, announced that they will be building
a new state-of-the-art manufacturing facility in Owatonna, Minnesota.
A new facility is necessary due to a 15% growth over the last four
years driven by innovative new products such as the revolutionary Arc
Trainer and the VR3 line of strength equipment. Plans for future
growth are imminent, and manufacturing capacity is being expanded to
support current and future business projections. Plans have been
announced to build a 340,000 square foot facility located on 36 acres
of property in Owatonna that will increase manufacturing capacity.
Although the Company was pursued by other communities, CYBEX is
committed to staying in Owatonna to support its existing workforce and
provide a better quality of life for those employees.
"CYBEX prides itself on its progressive manufacturing technology
and quick turnaround time for custom-built fitness equipment," said
John Aglialoro, Chairman and CEO of CYBEX. "Our outstanding workforce
in Owatonna has contributed to our success, and those employees will
be an integral part of the growth of our company moving forward. The
new manufacturing facility will play a vital role in contributing to
the future success of the Company."
CYBEX uses a progressive manufacturing philosophy that makes
efficient use of all technology and employees to build the highest
quality products in the shortest amount of time.
"The support we've received from the Mayor, the City of Owatonna
and the Owatonna Area Chamber of Commerce and Tourism is incredible,"
said Ed Kurzontkowski, Senior Vice President of Manufacturing and
Engineering for CYBEX. "We are all very excited about this expansion
and the potential that it adds for growth."
Ground is scheduled to be broken for the new building by early
September, and CYBEX is expected to move into the building in July
2007.
CYBEX International, Inc. is a leading manufacturer of premium
exercise equipment for commercial and consumer use. The CYBEX product
line includes a full range of both strength training and cardio
training machines sold worldwide under the CYBEX brand. Products and
programs are designed and engineered to reflect the natural movement
of the human body, assisting each unique user - from the professional
athlete to the first-time exerciser - to improve daily human
performance. For more information on CYBEX and its product line,
please visit the Company's website at www.cybexinternational.com.
This news release may contain forward-looking statements. There
are a number of risks and uncertainties that could cause actual
results to differ materially from those anticipated by the statements
made above. These include, but are not limited to, competitive
factors, technological and product developments, market demand,
economic conditions, the resolution of litigation involving the
Company, and the ability of the Company to comply with the terms of
its credit facilities. Further information on these and other factors
which could affect the Company's financial results can be found in the
Company's previously filed Report on Form 10-K, its Reports on Form
10-Q, its Current Reports on Form 8-K, and its proxy statement dated
April 4, 2006.