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Cybex Announces That PA Supreme Court Will Not Hear Kirila Appeal.


MEDWAY, Mass. -- Cybex International, Inc. (AMEX AMEX

See: American Stock Exchange
: CYB CYB Canada Year Book (Historical Collection)
CYB Cayman Brac Island, Cayman Islands (Airport Code)
CYB Cover Your Butt
CYB Carlsbad Youth Baseball (Carlsbad, California) 
), a leading exercise equipment manufacturer, announced that the Supreme Court of Pennsylvania The Supreme Court of Pennsylvania is the court of last resort for the Commonwealth of Pennsylvania. It meets in Philadelphia, Pittsburgh, and Harrisburg, Pennsylvania. History  will not hear the Company's or the plaintiffs' respective appeals of the previously reported $2,452,783 judgment entered against the Company in the Kirila v. Cybex International, Inc. 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.
. While the Company is disappointed in this result, and continues to believe that the basis for that judgment was in error, it does not intend to further pursue its appeals. The Company is discussing with plaintiffs' counsel the amount of post-judgment interest to be added to the judgment, plus related costs, if any. The Company believes the total amount which the Company will be required to satisfy is covered by the Company's litigation reserves, and accordingly the payment of the judgment, anticipated for the third quarter of this year, should not result in a charge to earnings.

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 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.
, 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 dated April 4, 2006.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 12, 2006
Words:350
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