Cybex International, Inc. Announces Resignation of William S. Hurley; Resignation to be Effective as of October 4, 1999.MEDWAY, Mass.--(BUSINESS WIRE)--August 24, 1999-- 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 strength and cardiovascular equipment company, today announced that William S. Hurley has resigned as Vice President and Chief Financial Officer of the Company effective October 4, 1999. The Company is in the process of recruiting a permanent replacement. Peter Haines, President and Chief Executive Officer, said, "Bill has played an integral role in the integration of Cybex and Trotter Inc., and the subsequent acquisition of Tectrix tec·trix n. pl. tec·tri·ces One of the coverts of a bird's wing. Often used in the plural. [Latin t , as well as in building a solid financial platform on which we can invest in future growth. We are grateful for Bill's contributions to the Company and we wish him well in his future endeavors. At the same time, we have a very talented team in place, and have every confidence in our ability to execute the financial and strategic initiatives of the Company." Cybex International, Inc. is a strength and cardiovascular fitness cardiovascular fitness Fitness A benchmark of a subject's cardiovascular and respiratory 'reserve', assessed by exercise testing; improved CF ↓ risk of acute MI. See Aerobic exercise, Exercise, MET, Thallium stress test, Vigorous exercise. Cf Anaerobic exercise. equipment company which develops, manufactures and markets premium performance, professional quality, human performance products for the commercial and consumer markets. 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, and uncertainties relating to the consolidation of the merged and acquired companies' businesses. Further information on these and other factors which could affect the Company's financial results can be found in the Company's previously filed Reports 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, 1998, its Form 10-Q Form 10-Q See 10-Q. for the period ending June 26, 1999 which was filed on August 10, 1999, and its proxy statement dated April 16, 1999. |
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