Cybex International Reorganizes Information Group to Reflect e-Commerce Sales/Marketing Objectives.Business & High Tech Editors MEDWAY, Mass.--(BUSINESS WIRE)--June 22, 2000 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, announced today that it has reorganized its Information Technology Group. Paul O. Webber III, Vice President and Chief Financial Officer, will manage the group's operations. Management of its recently-launched eCybex.com web site module has been moved to the Sales & Marketing Group under the direction of Gary Rosenfield, Senior Vice President of Sales & Marketing, reflecting its anticipated contribution to the company's future sales growth. Peter Haines, President and Chief Executive Officer, said, "eCybex.com is a key driver for growth, and this reorganization will help us further expand its marketing capabilities." eCybex.com provides the company's worldwide customers with 24-hour-a-day online shopping as well as the ability to access a wide range of support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services including online spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. ordering and real-time access to order status and tracking. Paul O. Webber III, Vice President and Chief Financial Officer, has assumed responsibilities formerly held by Thor T. Wallace, who has resigned to pursue other interests. Webber will direct the operations of internal and external information technology initiatives. "Paul has been a valuable asset for us in our ongoing turnaround, and we are confident that our technology efforts will benefit from his proven management skills," Haines said. Cybex International, Inc. is a leading manufacturer of premium cardiovascular and strength training 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 rehabilitation: see physical therapy. 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, and uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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, 1999, its Form 10-Q Form 10-Q See 10-Q. for the period ending March 31, 2000, 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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