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VANCOUVER, WA– Nautilus, Inc. (NYSE: NLS) announced that it has applied to securities regulatory authorities in Ontario, British Columbia and Nova Scotia for a decision that it is not a reporting issuer. If that decision is made, Nautilus will cease to be a reporting issuer in Canada and as such will not be required to file financial statements and other disclosure documents with Canadian regulatory authorities. Canadian securityholders will continue to receive all disclosure materials required under U.S. securities law or NYSE requirements to be delivered to U.S. resident securityholders. An order by the aforementioned securities regulatory authorities granting Nautilus’ application will not affect the Company’s NYSE listing or its reporting practices in the United States.
About Nautilus, Inc.
Headquartered in Vancouver, Wash., Nautilus, Inc. is a global fitness products company providing innovative, quality solutions to help people achieve a healthy lifestyle. With a brand portfolio including Nautilus(R), Bowflex(R), Schwinn(R)Fitness, StairMaster(R), and Universal(R), Nautilus manufactures and markets innovative fitness products through global direct, commercial and retail channels. Formed in 1986, the company had 2007 sales of U.S.$502 million. It has 1,100 employees and operations in Washington, Oregon, Virginia, Canada, Switzerland, Germany, United Kingdom, Italy, China, and other locations around the world. Website: www.nautilusinc.com.
Certain statements contained in this press release, including, without limitation, statements containing the words “could,” “may,” “will,” “should,” “plan,” “believes,” “anticipates,” “estimates,” “predicts,” “expects,” “projections,” “potential,” or “continue,” and words of similar import, constitute “forward-looking statements.” Investors are cautioned that all forward-looking statements involve risks and uncertainties, and various factors could cause actual results to differ materially from those in the forward-looking statements.
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. Investors are further cautioned 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.