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Cybex International, Inc. (AMEX: CYB) announced today
that it has completed its public offering of 3.5 million shares of
CYBEX common stock at $5.50 per share. Of the total shares sold, 1.75
million shares were issued by CYBEX and 1.75 million shares were sold
by the selling stockholders, including UM Holdings Ltd., John
Aglialoro and Joan Carter. CYBEX did not receive any proceeds from the
sale of the shares by the selling stockholders. CYBEX and the selling
stockholders have granted the underwriters of the offering a 30-day
option to purchase up to an additional 525,000 shares of common stock
on the same terms, equally split between CYBEX and the selling
stockholders.
Cybex International, Inc. is a 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.
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.