Cybex Announces 1 Million Share Stock Repurchase Program.MEDWAY, Mass. -- Cybex International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CYBI), a leading manufacturer of premium exercise equipment for the commercial and consumer markets, today reported that its Board of Directors has authorized the repurchase of up to 1 million shares of its common stock. The repurchases may be in the open market or through privately negotiated transactions and will depend upon various factors, including the CYBEX stock price and market conditions. John Aglialoro, CYBEX's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said "We view our common stock as an attractive value at current trading prices. We believe that our cash flows and credit availability will permit CYBEX to repurchase our stock while continuing to invest in the growth of our business. One of our priorities is the effective use of our capital to enhance the value of CYBEX for our stockholders." About CYBEX 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 lines, please visit the Company's website at www.cybexintl.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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2007, its Reports on Form 10-Q Form 10-Q See 10-Q. , its Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. , and its proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. dated April 4, 2008. |
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