SOURCE: Nautilus, Inc.

April 27, 2007 09:00 ET

Nautilus, Inc. and Icon Health and Fitness Settle Outstanding Litigation

VANCOUVER, WA -- (MARKET WIRE) -- April 27, 2007 -- Nautilus, Inc. (NYSE: NLS), a pure fitness company, announced today that it has settled all outstanding litigation between the company and Icon Health and Fitness. The settlement brings an end to more than four years of intellectual property challenges in federal court, including cases on appeal and currently pending in federal court in Seattle and Salt Lake City.

The two companies began mediation in September 2006, in advance of an upcoming federal trademark case in Seattle. A months-long negotiation process resulted in resolving all outstanding claims in federal court in Salt Lake City and Seattle. Specific terms of the settlement may not be disclosed but the settlement involves Nautilus receiving access to certain intellectual property.

"We are pleased with the outcome because it gives us new tools, patents and intellectual property to further streamline our products, thereby improving top line growth and margin improvement and further fueling our innovation pipeline," said Gregg Hammann, Chairman and CEO of Nautilus, Inc. "As a company committed to innovation, it is important that we vigorously protect and defend our intellectual property."

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 includes Nautilus®, Bowflex®, Schwinn® Fitness, StairMaster®, and Pearl iZUMi®, 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 $680 million in 2006. It has 1,500 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 at

SAFE HARBOR: This press release includes forward-looking statements, including statements concerning estimated future sales and earnings, new product introduction, and operational improvement. 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 undertake no obligation to update publicly any forward-looking statements.