Ms. Pearce commented, “I am very pleased to have the opportunity to join Nautilus during an exciting time in the Company’s history. Nautilus has a very strong brand heritage and, coupled with their plans for more innovative new product launches, the Company has significant growth potential and market opportunities ahead. I look forward to applying my consumer products experience to help Nautilus continue to grow and further solidify its leadership position in the fitness market.”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 ®, TreadClimber ®, Schwinn ®, Schwinn Fitness TM, Universal ® and CoreBody Reformer™, Nautilus markets innovative fitness products through Direct and Retail channels. Websites: www.nautilusinc.com, www.bowflex.com, www.schwinnfitness.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 Company's prospects, resources or capabilities; current or future financial trends; future operating results; expected profitability and the timing thereof; and future plans for introduction of new products. 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, greater than anticipated costs associated with launch of new products, a decline in consumer spending due to unfavorable economic conditions, softness in the retail marketplace, 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.
August 13, 2012 - Nautilus, Inc. (NYSE: NLS) announced today that on August 9, 2012, Linda M. Pearce joined the Company as Chief Financial Officer following an extensive national search. Ms. Pearce will oversee all financial, accounting, and investor relations activities for the Company. She brings over 25 years of financial management experience. Most recently, from 2000 through earlier this year, she served as Executive Vice President and Chief Financial Officer for Warn Industries, Inc., a company that designs, manufactures, and markets a full line of off-road equipment and accessories that enhance the performance of four-wheel-drive vehicles, ATV's and utility vehicles. Warn Industries is a subsidiary of Dover Corporation, a NYSE listed company. During her tenure at Warn Industries, Ms. Pearce managed all aspects of financial management and reporting, including leading the company through an LBO and later a strategic options evaluation process resulting in the acquisition by Dover Corporation. In addition, from May 2010 to January 2011, Ms. Pearce served as Interim President for Warn Industries, with responsibilities for overall global operations of the business. Prior to Warn Industries, Ms. Pearce held a number of financial management positions with increasing responsibilities at Gardenburger, Inc., Blount International, Inc. and Lindsay Forest Products, Inc. Ms. Pearce holds a Bachelor of Science in Accounting and Information Systems and Quantitative Analysis from Portland State University and a Masters of Business Administration from University of Oregon. Bruce M. Cazenave, Chief Executive Officer, stated, “We are excited to have Linda join our management team and are confident that given her strong financial background, combined with her strategic planning and operational experience, that she will provide significant contributions to our company as we continue to execute on our key strategic initiatives. Linda’s financial expertise will be instrumental as we design, launch, and market new products with a focus on continuing to improve product and operating margins.”