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Cybex International, Inc. (AMEX: CYB) announced today
that the underwriters of its previously announced offering of common
stock have exercised their over-allotment option to purchase an
additional 407,900 shares of CYBEX common stock at the offering price
of $5.50 per share. Of such over-allotment shares, 203,950 shares are
being issued and sold by CYBEX and 203,950 shares are being sold by a
selling stockholder, UM Holdings Ltd. CYBEX will not receive any
proceeds from the sale of the over-allotment shares by the selling
stockholder.
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 forward-looking
statements. 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 Report on Form
10-Q, its Current Reports on Form 8-K, and its proxy statement dated
April 4, 2006.