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Strong sales for Stairmaster (UK)
Following the story in Leisure Opportunities (13 - 24 September p5), StairMaster Health & Fitness Products (UK) Ltd would like to make it clear that it is a separate company registered in the UK according to the Companies House Act. As such its position is not affected by Stairmaster Health & Fitness Products Inc filing for Chapter 11 of the US Bankruptcy Code, a common practice to protect business during restructuring. During the restructuring process, StairMaster Inc continues to trade and manufacture as usual.
Stairmaster(UK) is enjoying strong sales in 2001 and it's business as usual while our manufacturing arm in the States completes negotiations with a new buyer. We see the sale as a very positive move, said managing director Andrew Dick.