Cybex International, Inc. reported net sales for the second quarter 2006 of $30.0 million, an increase of 10.1% when compared to the $27.2 million posted in the same period last year. For the six months ended July 1, 2006, net sales were $58.9 million, compared to $52.0 million for 2005, an increase of 13.3%. On a GAAP basis, the company reported net income for the second quarter of 2006 of $16.1 million, or 96 cents per diluted share, and for the six months ended July 1, 2006 of $16.8 million, or $1.03 per diluted share. Excluding a second quarter 2006 reduction of the valuation reserve for deferred taxes, the company’s second quarter 2006 pro forma net income would have been $1.7 million, or 10 cents per diluted share, compared to net income for the second quarter of 2005 of $1.0 million, or 7 cents per diluted share. The pro forma net income for the six months ended July 1, 2006 would have been $2.3 million, or 14 cents per diluted share, compared to net income of $1.2 million, or 7 cents per diluted share for the corresponding 2005 period.

Actual GAAP results for the second quarter ended July 1, 2006, include a $14.4 million reduction in the company’s deferred tax valuation reserve, resulting in a net tax benefit of $14.4 million and $14.3 million, respectively, for the three and six months ended July 1, 2006. In 2002 the company recorded a $20.8 million non-cash charge to establish a valuation reserve for deferred taxes. During the second quarter ended July 1, 2006, the company reevaluated the need for a valuation allowance in accordance with SFAS No. 109, “Accounting for Income Taxes,” as a result of the cumulative profits generated in the most recent three year period as well as other positive evidence, including the repayment of outstanding debt and the company’s stock offering, which was completed in May 2006. Accordingly, the net deferred tax asset of $14.4 million at July 1, 2006 represents the amount that management believes is more likely than not to be realized. At July 1, 2006, the remaining valuation allowance is approximately $6.6 million. Management will continue to assess the need for the remaining valuation allowance in future periods.

John Aglialoro, Chairman and CEO, stated, “We are working hard to accelerate our re-entry into the high-end consumer fitness equipment market. CYBEX is expanding its specialty fitness dealer relationships and expects to begin shipping two premium consumer products by the end of 2006. This will mean incurring expenses planned for 2007 beginning in the third quarter of 2006. However, the Company believes these investments will begin paying off in the fourth quarter of 2006 and will provide a good foundation for 2007 and beyond.”

                      CYBEX INTERNATIONAL, INC.
       CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - ACTUAL
                 (In thousands, except per share data)
                              (unaudited)


                                  Three Months Ended  Six Months Ended
                                   ----------------- -----------------
                                   July 1,  June 25, July 1,  June 25,
                                     2006     2005     2006     2005
                                   -------- -------- -------- --------

Net sales                          $29,951  $27,197  $58,863  $51,956
Cost of sales                       19,089   17,546   37,450   33,450
                                   -------- -------- -------- --------
     Gross profit                   10,862    9,651   21,413   18,506
     As a percentage of sales         36.3%    35.5%    36.4%    35.6%
Selling, general and
 administrative expenses             8,659    7,966   17,921   16,049
                                   -------- -------- -------- --------
Operating income                     2,203    1,685    3,492    2,457
Interest expense, net                  454      619    1,013    1,215
                                   -------- -------- -------- --------
Income before income taxes           1,749    1,066    2,479    1,242
Income tax provision (benefit)     (14,359)      28  (14,296)      85
                                   -------- -------- -------- --------
Net income                         $16,108   $1,038  $16,775   $1,157
                                   ======== ======== ======== ========
Basic net income per share           $1.00     $.07    $1.08     $.08
                                   ======== ======== ======== ========
Diluted net income per share          $.96     $.07    $1.03     $.07
                                   ======== ======== ======== ========
Shares used in computing basic net
 income per share                   16,041   15,121   15,599   15,113
                                   ======== ======== ======== ========
Shares used in computing diluted
 net income per share               16,727   15,690   16,287   15,708
                                   ======== ======== ======== ========