January 22, 2016 — Nautilus, Inc. (NYSE: NLS) announced today 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. (NYSE: NLS) is a global fitness solutions company that believes
everyone deserves a fit and healthy life. With a brand portfolio
including Bowflex®, Nautilus®, Octane Fitness®, Schwinn® and
Universal®, Nautilus, Inc. develops innovative products to support
healthy living through direct and retail channels as well as in
commercial channels with Octane Fitness® products.
This press release includes forward-looking statements (statements which
are not historical facts) within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
concerning: the Company’s ability to receive a decision from the
relevant regulatory authorities that it cease to be a reporting issuer
in Canada. Factors that could cause Nautilus, Inc.’s actual results to
differ materially from these forward-looking statements include our
ability to timely receive a decision or to receive a positive decision
at all from the relevant regulatory authorities. Additional assumptions,
risks and uncertainties are described in detail in our registration
statements, reports and other filings with the Securities and Exchange
Commission, including the “Risk Factors” set forth in our Annual Report
on Form 10-K, as supplemented by our quarterly reports on Form 10-Q.
Such filings are available on our website or at www.sec.gov.
You are cautioned that such statements are not guarantees of future
performance and that our actual results may differ materially from those
set forth in the forward-looking statements. We undertake no obligation
to publicly update or revise forward-looking statements to reflect
subsequent developments, events or circumstances.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160122005996/en/
Copyright Business Wire 2016