October 24, 2011 - Nautilus, Inc. (NYSE: NLS) announced today that it has entered into an exclusive global license arrangement with Core Health and Fitness, LLC to provide Core with the right to utilize patented technologies included in Nautilus’s popular TreadClimber ® exercise machines to manufacture and market TreadClimbers ® exclusively for the commercial health club and fitness markets. The agreement also allows the use of the TreadClimber ® trademark on products in these markets. Nautilus currently licenses its Schwinn ® brand to Core Health and Fitness for use on indoor cycling products for the commercial market.
Nautilus’s patented technologies for its innovative TreadClimber ® family of products create a fitness machine that uniquely combines treadmill and stair climbing movements into one highly efficient exercise modality. Nautilus markets its TreadClimber ® products for consumer home use exclusively through its direct marketing channels. In addition, Nautilus markets through retail and direct channels a broad array of other cardio and strength home-fitness equipment, including exercise bikes, ellipticals, treadmills, home gyms, selectorized dumbbells and the soon-to-be released innovative CoreBody Reformer TM.
Bill McMahon, Chief Operating Office for Nautilus, commented that, “We believe our expanded relationship with Core Health and Fitness is a unique opportunity to strategically leverage our intellectual property and is a further testament to the popularity and effectiveness of our TreadClimber ® products. Our management team believes that with such broad and growing acceptance of our innovative TreadClimber ® technologies, both the consumer-home market and commercial markets can continue to grow and be successful. In addition, this agreement allows us to cross-leverage our intellectual property in all channels to build consumer awareness and loyalty.”
About Nautilus, Inc.Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global fitness products company providing innovative, quality solutions to help people achieve a healthy lifestyle. With a brand portfolio including Nautilus ®, Bowflex ®, Schwinn ®, Schwinn Fitness™ and Universal ®, Nautilus markets innovative fitness products through Direct and Retail channels. Websites: www.nautilusinc.com, www.bowflex.com, www.treadclimber.com and www.corebody.com. This press release includes forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the prospects for new Company products, current or future financial trends or operating results. Factors that could cause Nautilus, Inc.'s actual results to differ materially from these forward-looking statements include our ability to acquire inventory from sole source foreign manufacturers at acceptable costs, within timely delivery schedules and that meet our quality control standards, availability and price of media time consistent with our cost and audience profile parameters, a decline in consumer spending due to unfavorable economic conditions, an adverse change in the availability of credit for our customers who finance their purchases, our ability to pass along vendor raw material price increases and increased shipping costs, our ability to effectively develop, market and sell future products, our ability to protect our intellectual property, the introduction of competing products, and our ability to get foreign-sourced product through customs in a timely manner. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the Securities and Exchange Commission, including the "Risk Factors" set forth in our Annual Report on Form 10-K, as supplemented by our quarterly reports on Form 10-Q. Such filings are available on our website or at www.sec.gov. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances.
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