Bowflex (BFXXQ) 8-K Nautilus, Inc. Achieves Record Revenues for Fourth Quarter

Exhibit 99

FOR IMMEDIATE RELEASE

CONTACTS:	Nautilus, Inc.	Integrated Corporate Relations, Inc.
	Ron Arp	John Mills
	(360)859-2514	(310)954-1105

NAUTILUS, INC. ACHIEVES RECORD REVENUES FOR FOURTH QUARTER

AND FISCAL YEAR 2006; CORE EARNINGS RISE 29 PERCENT IN 2006

VANCOUVER, Wash. – (February 7, 2007) –Nautilus, Inc. (NYSE: NLS), a pure fitness company, today announced results for the three months and fiscal year ended December 31, 2006.

Net sales for thethree months ended December 31, 2006, were $199.3 million compared to $182.0 million for the corresponding period last year, up 10 percent and the largest single quarter in the company’s history. Net income for the quarter was $12.9 million, or $0.41 per share, up from $2.0 million, or $0.06 per share, for the fourth quarter of 2005.

For the12 months ended December 31, 2006, the company generated $681.5 million in net sales compared to $631.3 million in the fiscal year ended December 31, 2005, an 8 percent increase. Net income for fiscal year 2006 was $29.1 million or $0.90 per share, compared to $23.0 million or $0.68 in fiscal 2005.

Includingpro forma adjustments (see table), 2006 net income was $26.1 million or $0.81 per share, compared to $21.4 million or $0.63 per share in 2005, an increase in earnings per share of 29 percent.

“We achieved record net sales for the fourth quarter and 2007, and are well positioned for solid top and bottom line growth in 2007 with an exciting pipeline of innovative fitness products and education across all channels of distribution,” said Gregg Hammann, Chairman and CEO of Nautilus, Inc.

“We are completing the transformation of our company’s foundation with leading yet diverse brands, diversity in our channels of distribution, and diversity of our supply chain to prepare us for long-term sustainable growth. All of this heavy lifting has positioned us with a solid foundation for a sustainable rhythm of sales and earnings growth.”

For fiscal 2007, the company expects net sales growth of approximately 10 percent and diluted earnings growth of 20-30 percent from a 2006 pro forma base of $0.81 per share. For the first quarter of 2007, the Company estimates that net sales will be in the $185-195 million range, with expected earnings of $0.18 to $0.21 per diluted share.

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In addition, the Company announced that its Board of Directors declared a regular quarterly dividend of $0.10 per common share, payable March 9, 2007, to stockholders of record as of February 20, 2007.

The conference call is scheduled for 5:00 p.m. EST (2:00 p.m. PST), February 7, 2007. It will be broadcast live over the Internet hosted atwww.nautilusinc.com/events and will be archived online within one hour after completion of the call. In addition, listeners may call 800-834-5691 in North America and 212-676-5285 from outside North America. Participants will include: Gregg Hammann, Chairman and Chief Executive Officer; Bill Meadowcroft, Chief Financial Officer; Tim Hawkins, President of Fitness Equipment; Juergen Eckmann, President of Apparel; and Mark Meussner, Sr. VP of Global Manufacturing, Quality and Engineering.

A telephonic playback will be available from 4:00 p.m. PST, February 7, through 4:00 p.m. PST, February 21, 2007. North American callers can dial (800)633-8284, and international callers can dial (402)977-9140 to hear the playback. The passcode is 21321565.

About Nautilus, Inc.

Headquartered in Vancouver, Wash., Nautilus, Inc. (NYSE:NLS) is a pure fitness company that provides tools and education necessary to help people achieve a fit and healthy lifestyle. With a brand portfolio that includesNautilus(R),Bowflex(R),Schwinn(R) Fitness,StairMaster(R), andPearl iZUMi(R), Nautilus manufactures and markets a complete line of innovative health and fitness products through direct, commercial, retail, specialty and international channels. The Company was formed in 1986 and had sales of $682 million in 2006. It has 1,600 employees and operations in Washington, Oregon, Colorado, Oklahoma, Illinois, Virginia, Canada, Switzerland, Germany, United Kingdom, Italy, China, and other locations around the world. More information is atwww.nautilusinc.com

This press release includes forward-looking statements, including statements concerning estimated future sales and earnings, new product introduction, and operational improvement. 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, 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.

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NAUTILUS, INC.

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2006 AND 2005

(Unaudited, in thousands)

	2006		2005
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	4,262	$	7,984
Trade receivables, net		138,933		116,908
Inventories		75,676		96,084
Prepaid expenses and other current assets		23,088		8,369
Short-term note receivable		2,461		2,496
Asset held for sale		1,677		6,115
Deferred tax assets		5,722		7,235
Total current assets		251,819		245,191
PROPERTY, PLANT AND EQUIPMENT, net		52,658		59,320
GOODWILL		65,037		64,404
INTANGIBLE AND OTHER ASSETS, net		56,491		44,371
TOTAL ASSETS	$	426,005	$	413,286
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Trade payables	$	62,015	$	61,132
Accrued liabilities		31,867		29,097
Short-term borrowings		47,500		40,147
Income taxes payable		4,551		3,810
Customer deposits		2,229		3,327
Current portion of long-term debt		259		707
Total current liabilities		148,421		138,220
LONG-TERM DEBT		4,158		5,610
NONCURRENT DEFERRED TAX LIABILITIES		16,792		16,990
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock		1,026		3,549
Unearned stock compensation		—		(1,947	)
Retained earnings		251,418		248,123
Accumulated other comprehensive income		4,190		2,741
Total stockholders’ equity		256,634		252,466
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	426,005	$	413,286

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NAUTILUS, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited, in thousands, except per share amounts)

	Three Months Ended December 31,						Twelve Months Ended December 31,
	2006			2005			2006			2005
NET SALES	$	199,327		$	182,033		$	681,513		$	631,310
COST OF SALES		111,605			110,332			381,797			352,496
Gross profit		87,722			71,701			299,716			278,814
OPERATING EXPENSES:
Selling and marketing		49,666			50,231			187,552			179,656
General and administrative		13,880			14,259			54,279			48,826
Research and development		2,876			2,392			11,199			11,160
Royalties		1,617			1,416			5,607			5,368
Total operating expenses		68,039			68,298			258,637			245,010
OPERATING INCOME		19,683			3,403			41,079			33,804
OTHER INCOME (EXPENSE):
Interest income (expense), net		(863	)		(281	)		(2,015	)		1,179
Other income (expense), net		388			(232	)		1,605			310
Total other income (expense)		(475	)		(513	)		(410	)		1,489
INCOME BEFORE INCOME TAXES		19,208			2,890			40,669			35,293
INCOME TAX EXPENSE		6,355			920			11,569			12,293
NET INCOME	$	12,853		$	1,970		$	29,100		$	23,000
EARNINGS PER SHARE:
BASIC	$	0.41		$	0.06		$	0.90		$	0.69
DILUTED	$	0.41		$	0.06		$	0.90		$	0.68
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC		31,478			33,115			32,300			33,303
DILUTED		31,642			33,931			32,457			33,857

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NAUTILUS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004

(Unaudited, in Thousands)

	2006			2005			2004
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	29,100		$	23,000		$	29,985
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		16,786			16,354			11,972
Amortization of unearned stock compensation		—			363			340
Stock-based compensation		2,534			—			—
(Gain) loss on sale of property, plant and equipment		146			17			(1,214	)
Tax benefit from exercise of nonqualified options		—			1,788			1,285
Excess tax benefit from exercise of employee stock options		(48	)		—			—
Deferred income taxes		656			(437	)		860
Foreign currency transaction gain		(1,545	)		—			—
Decrease in allowance for notes receivable		—			—			(594	)
Changes in assets and liabilities, net of the effect of acquisitions:
Trade receivables		(25,472	)		(16,261	)		(19,702	)
Inventories		21,729			(33,342	)		4,693
Prepaid expenses and other current assets		(12,228	)		(1,564	)		(1,036	)
Trade payables		(392	)		2,228			22,774
Accrued liabilities		2,372			2,315			(5,991	)
Income taxes payable		806			(4,600	)		2,261
Customer deposits		(1,384	)		493			1,373
Net cash provided by (used in) operating activities		33,060			(9,646	)		47,006
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment		(11,155	)		(31,771	)		(9,043	)
Proceeds from sale of property, plant and equipment, and assets held for sale		7,143			2,972			641
Net increase in intangible and other assets		(10,989	)		(449	)		(596	)
Acquisitions, net of cash acquired		—			(73,689	)		—
Purchases of short-term investments		—			(49,352	)		(126,143	)
Proceeds from maturities of short-term investments		—			134,671			92,106
Net (decrease) increase in notes receivable		(21	)		8			453
Net cash used in investing activities		(15,022	)		(17,610	)		(42,582	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid on common stock		(12,913	)		(13,351	)		(13,091	)
Proceeds from exercise of stock options		603			5,609			6,569
Excess tax benefit from exercise of employee stock options		48			—			—
Stock repurchases		(16,653	)		(15,636	)		—
Net increase of short-term borrowings		7,353			40,147			—
Principal payments on long-term debt		(1,900	)		(300	)		—
Net cash provided by (used in) financing activities		(23,462	)		16,469			(6,522	)
Net effect of foreign currency exchange rate changes		1,702			(495	)		12
NET DECREASE IN CASH AND CASH EQUIVALENTS	$	(3,722	)	$	(11,282	)	$	(2,086	)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		7,984			19,266			21,352
CASH AND CASH EQUIVALENTS, END OF YEAR	$	4,262		$	7,984		$	19,266

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SUPPLEMENTAL PRO FORMA DISCLOSURE

Reconciliation of GAAP to Pro Forma Earnings Statement

(Unaudited, in thousands, except per share amounts)

	Twelve Months Ended December 31,
	2006			2005
GAAP NET INCOME	$	29,100		$	23,000
Adjustments:
Net Share-Based Payment (“SFAS 123R”) expense, net of tax		—			(1,617	)
State Income Tax Reserve adjustment		(2,967	)		—
PRO FORMA NET INCOME	$	26,133		$	21,383
GAAP net income per common share, diluted	$	0.90		$	0.68
Pro forma net income per common share, diluted	$	0.81		$	0.63

* To supplement our consolidated financial statements presented in accordance with GAAP, the Company uses non-GAAP measures of pro forma net income and pro forma earnings per share, which are adjusted from our GAAP results as shown above. These non-GAAP adjustments are provided to enhance the user’s overall understanding of our current financial performance. We believe the non-GAAP results provide useful information to both management and investors by including or excluding certain charges and other amounts that we believe are not indicative of our core operating results. These non-GAAP measures are included to provide investors and management with an alternative method for assessing the Company’s operating results in a manner that is focused on the performance of the Company’s ongoing operations and to provide a more consistent basis for comparison between quarters. These measures are not in accordance with or an alternative for, GAAP and may be different from pro forma measures used by other companies.

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