Cybex International Announces New Organizational Changes.Business Editors MEDWAY, Mass.--(BUSINESS WIRE)--March 2, 2001 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, released today Ray Giannelli joins the Product Development Group and is appointed Chairman of the Cybex Institute and Bill Lane, Division President of Customer Service has resigned. Ray Giannelli has joined the Cybex International Product Development Group. Ray has also been appointed Chairman of the Cybex Institute. In this role Ray will help drive the strategic vision of the Institute focused on providing unique fitness solutions for our industry. From research and conceptual product development to education, training and goal-specific program development, Ray will assist us in applying real science to the task of improving the quality of life and functional capabilities of our customers. The Company has also announced that Bill Lane, Division President, Customer Service resigned, effective March 1, 2001. Bill has decided to move on and pursue another career opportunity. Effective March 5, Ed Kurzontkowski, Vice President of Operations in Owatonna, Minnesota Owatonna is a city in Steele County, Minnesota, United States. The population was 22,434 at the 2000 census. In July of 2005 Owatonna was estimated to have increased in population to 24,133, 7.6% more than in 2000. It is the county seat of Steele County. will work very closely with the leadership team of the Customer Service organization. Parts sales, parts order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , and Customer Service dispatch are mission critical operations of the Customer Service Division. Ed will advise the group on an interim basis in Medway, Massachusetts Medway is a town in Norfolk County, Massachusetts, United States. The population was 12,448 at the 2000 census. History Medway was first settled in 1657 and was officially incorporated in 1713. until a new President of the Division is hired. 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 human 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 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, 1999, its Form 10-Q Form 10-Q See 10-Q. for the period ended September 30, 2000, 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 18, 2000. |
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