Cybex Breaks Ground for New State-of-the-Art Manufacturing Facility in Owatonna, Minnesota
01 Agosto 2006 - 3:37PM
Business Wire
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.
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