Exhibit 99.1
CONTACTS: | Nautilus, Inc. | ICR, Inc. | ||
Ron Arp | John Mills | |||
(360) 859-2514 | (310) 954-1105 |
NAUTILUS, INC. COMPLETES LINE OF CREDIT DEAL
Vancouver, Wash. – January 17, 2008 – Nautilus, Inc. (NYSE: NLS) today announced that it has signed its new line of credit agreement with Bank of America, N.A. The facility is an underwritten 5-year, $100 million asset-based loan with an accordion feature to increase the line of credit to $125 million. The loan is expected to be syndicated by Bank of America.
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 includingNautilus®,Bowflex®,Schwinn®Fitness,StairMaster®,Universal®, andPearl iZUMi®, Nautilus manufactures and markets innovative fitness products through direct, commercial, retail, and international channels. Formed in 1986, the company had 2006 sales of $680 million. It has 1,450 employees and operations in Washington, Oregon, Colorado, Oklahoma, Illinois, Virginia, Canada, Switzerland, Germany, United Kingdom, Italy, China, Australia, and other locations around the world. Website:www.nautilusinc.com