Cybex International Announces Credit Agreement Amending Bank Covenants; Gives Guidance of Profitability for First Quarter 2001.

Business Editors

MEDWAY, Mass.--(BUSINESS WIRE)--April 11, 2001

Cybex International, Inc. (AMEX: CYB), a leading exercise equipment manufacturer, reported today that it has reached an amendment with its banks which, among other things, waives the company's previously announced failure to meet certain financial covenants.

Mr. John Aglialoro, Chairman and acting Chief Executive Officer of the company, stated: "Fleet Boston, First Union and Summit Banks, have stepped up and given Cybex a great deal of new incentive. We are confident that the Credit Agreement will provide adequate liquidity to maximize growth for the balance of 2001."

The company also reported that it will be profitable for its first quarter ended March 31, 2001. Mr. Aglialoro stated: "First quarter results will illustrate that our restructuring plan has already achieved substantial cost savings, producing a more efficient company. We are now enacting initiatives which will rebuild the company, including aggressive marketing of new product introduction in the fourth quarter, and two new profit centers: Cybex Capital Corporation, (CCC), which provides equipment funding for customers, and Cybex Service Corporation, (CSC), which will restructure service and parts activities to provide 24/7 service directly to the end-user. The company expects to report full first quarter results April 27, 2001."

Cybex International, Inc. is a leading manufacturer of premium exercise equipment for consumer and commercial use. Cybex and the Cybex Institute, a training and research facility, are dedicated to improving exercise performance based on an understanding of the diverse goals and needs of individuals of varying physical capabilities. Cybex designs and engineers each of its products and programs to reflect the natural movement of the human body, allowing for variation in training and assisting each unique user -- from the professional athlete to the rehabilitation patient -- to improve their daily human performance. For more information on Cybex and its product line, please visit the company's web site at www.eCybex.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, uncertainties relating to the consolidation of the merged and acquired companies' businesses and uncertainties relating to the implementation of the restructuring plan. 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, its Reports on Form 10-Q, its Current Reports on Form 8-K, and its proxy statement dated April 18, 2000.