SOURCE: Nautilus, Inc.

September 21, 2007 19:29 ET

Nautilus, Inc. Confirms Receipt of Director Nomination Proposal

VANCOUVER, WA--(Marketwire - September 21, 2007) - Fitness company Nautilus, Inc. (NYSE: NLS) confirmed receipt of an Amendment to Schedule 13D from Sherborne Investors LP, a Delaware limited partnership.

The amendment demands a special meeting of shareholders to consider removal of four Board members, install four Board nominees proposed by Sherborne Investors, require Board vacancies to be filled only by shareholders, and limit the Board to seven or fewer members.

Under Washington corporate law, Nautilus, Inc. has 30 days from September 21, 2007 to give notice of a special meeting of shareholders, and to hold that meeting within 60 days of the notice.

The Nautilus, Inc. Board of Directors is giving consideration to the updated request.

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®, Universal®, and Pearl iZUMi®, Nautilus manufactures and markets a complete line of innovative health and fitness products through direct, commercial, retail, 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, Australia, and other locations around the world. More information is at

Safe Harbor Statement:

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.