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Nautilus Recalls Bowflex Machines
#1
Didnt know how many of you guys have seen this.

Reuters
Nautilus Recalls Bowflex Machines
Thursday January 29, 11:34 am ET

NEW YORK (Reuters) - A Nautilus Group Inc. (NYSE:NLS - News) unit said on Thursday it is recalling 420,000 Bowflex fitness machines due to defects that have caused more than 70 reported injuries, and shares plunged more than 17 percent.
The recall comes a day after Nautilus, which also sells products under the Schwinn and StairMaster brands, said its quarterly profit fell 59 percent due to weak sales of its exercise machines, including Bowflex.

In a statement, Nautilus Direct said there have been at least 70 reports of the machines' backboard benches breaking unexpectedly, and at least 18 reports of the machines' "Lat Tower" rotating forward and falling.

The Vancouver, Washington, company said it has received at least 73 reports of resulting back, neck, shoulder, teeth and head injuries, some of which have required stitches.

The recall involves the Bowflex Power Pro XL, XTL and XTLU systems with the "Lat Tower" attachment. The machines were sold between January 1995 and December 2003.

The "Lat Tower," which attaches to the Bowflex bench, has pulleys and a bar used to develop the upper back and shoulder muscles, specifically hitting the lateral muscles underneath the armpits.

Nautilus shares were down $2.45, or 15.5 percent, at $13.38 in morning trade on the New York Stock Exchange (News - Websites) . The stock hit a low of $13.11 earlier in the session and was the Big Board's biggest percentage loser.
 
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