Business News

Nautilus Consolidates US Manufacturing and Distribution

SOURCE:

Nautilus, Inc.

2008-07-24 12:22:00

Nautilus Consolidates US Manufacturing and Distribution

VANCOUVER, WA–(EMWNews – July 24, 2008) – Nautilus, Inc. (NYSE: NLS) announces the

consolidation of its US manufacturing and distribution facilities. Nautilus

will close its Tulsa, Oklahoma facilities by the end of 2008 and transfer

the manufacturing of their products, principally, to its facility in

Independence, Virginia. The Company does not plan to eliminate any major

product lines as a result of the consolidation. Nautilus distribution will

be consolidated into its two centers located in Independence and Portland

Oregon. The Company is in the process of determining the costs to be

incurred for the consolidation and will disclose more information during

their July 31, 2008 earnings conference call. “By streamlining these

functions it supports our restructuring activity to provide better

efficiency in our manufacturing processes and better service for our

customers,” states Tim Joyce SVP/General Manager.

About Nautilus, Inc.

Headquartered in Vancouver, Wash., 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®Fitness, StairMaster®, and Universal®,

Nautilus manufactures and markets innovative fitness products through

direct, commercial, retail, and international channels. Formed in 1986,

the company has 1,100 employees and operations in Washington, Oregon,

Oklahoma, Virginia, Canada, Switzerland, Germany, United Kingdom, Italy,

China, Australia and other locations around the world. Website:

www.nautilusinc.com.

Forward-Looking Statements

Certain statements contained herein are forward-looking statements, within

the meaning of Section 21E of the Securities Exchange Act of 1934 and

Section 27A of the Securities Act of 1933, including statements concerning

product line continuation and the expected date for completion of

transition of manufacturing. Factors that could cause Nautilus, Inc. actual

results to differ materially from these forward-looking statements include

availability of media time and fluctuating advertising rates, its ability

to successfully transfer products to alternative manufacturing facilities,

manufacturing quality issues resulting in increased warranty costs, a

decline in consumer spending due to unfavorable economic conditions, its

ability to effectively develop, market, and sell future products, its

ability to get foreign-sourced product through customs in a timely manner,

its ability to effectively identify, negotiate and integrate any future

strategic acquisitions, its ability to protect its intellectual property,

introduction of lower-priced competing products, unpredictable events and

circumstances relating to international operations including its use of

foreign manufacturers, government regulatory action, and general economic

conditions. Please refer to our reports and filings with the Securities and

Exchange Commission, including our most recent annual report on Form 10-K

and quarterly reports on Form 10-Q, for a further discussion of these risks

and uncertainties. We also caution you not to place undue reliance on

forward-looking statements, which speak only as of the date they are made.

We undertake no obligation to update publicly any forward-looking

statements to reflect new information, events or circumstances after the

date they were made or to reflect the occurrence of unanticipated events.

Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

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