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Cybex International, Inc. (AMEX: CYB), a leading
exercise equipment manufacturer, announced the groundbreaking ceremony
for a new 36-acre office and manufacturing facility in Owatonna,
Minnesota. The ceremony will take place on August 2, 2006 at 11:30 am
at the new Owatonna site on 24th Avenue.
CYBEX has chosen First Industrial Realty Trust, Inc. as developer
for the project. First Industrial is the nation's largest provider of
real estate supply chain solutions, and currently owns more than 10
million square feet of industrial real estate in the Minnesota market.
Ed Kurzontkowski, CYBEX Senior Vice President of Manufacturing and
Engineering stated, "The expansion of CYBEX manufacturing capabilities
is necessary to support the recent demands on the current facility,
which are largely due to the volume of new products such as VR3 and
Eagle, as well as the Company's award winning Arc Trainer. We are
confident that with First Industrial's experience and the support from
the Owatonna community, this new manufacturing facility will play a
vital role in the growth and development of both CYBEX and the local
community."
CYBEX is committed to staying in Owatonna and sustaining their
current workforce. "The Company's growth is a testament to the hard
work and dedication of its employees. The reputation of CYBEX and the
quality of our premium products is built into each machine by our
employees. Our manufacturing processes, superior technology and
custom-built fitness products will continue to exceed the demands of
the industry, as CYBEX remains a market leader," said John Aglialoro,
CYBEX Chairman and CEO.
Ed Kurzontkowski, CYBEX, stated, "We are pleased with the support
and alliance we have received from the City of Owatonna, the Mayor and
the Owatonna Area Chamber of Commerce and Tourism."
First Industrial Realty Trust, Inc., the nation's largest provider
of diversified industrial real estate, serves every aspect of
Corporate America's industrial real estate needs, including customized
supply chain solutions, through its unique I-N-D-L operating platform,
which utilizes a pure Industrial focus and National scope to provide
Diverse facility types, while offering Local, full-service management
and expertise. First Industrial owns, operates and has under
development more than 100 million square feet of industrial real
estate in markets throughout the United States. Building, buying,
selling, leasing and managing industrial property in major markets
nationwide, First Industrial develops long-term relationships with
corporate real estate directors, tenants and brokers to better serve
customers with creative, flexible industrial real estate solutions.
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.