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Star Trac(R) Reorganization Fueled by Michael Bruno Acquisition

SoOlis.com Fitness CommunityStar Trac(R) Reorganization Fueled by Michael Bruno Acquisition

For all the gym owners who are concerned with their commercial Star Trac Product;  here is an article from StockMarkertreview.com you maybe interested in.

Source: Star Trac Star Trac(R) Reorganization Fueled by Michael
Bruno Acquisition
IRVINE, Calif., July 7, 2010 (GLOBE NEWSWIRE) — Star Trac, a
global leader in the commercial fitness industry, announced today that
Michael Bruno and Star Trac have signed an agreement whereby
Bruno will purchase the controlling interest in Star Trac’s parent
company. This will strengthen the company’s ability to provide the
product innovation, quality, reliability and customer service that have
been the Star Trac brand legacy since 1988. The parties expect to
close within two business days. Financial terms of the acquisition have
not been disclosed.
Bruno, a highly respected fitness industry veteran for more than 20
years, also has holdings that include Stairmaster based in Vancouver,
Washington and Land America, a manufacturing firm in China that
builds high-end consumer and commercial fitness equipment. His
reorganization plan for Star Trac focuses on company continuity and
aggressive streamlining.
“Our activities will create the foundation for the company to experience
strong growth and profitability,” Bruno said. “This reorganization
provides the resources for a strong balance sheet and positions Star
Trac for long-term success.”
Star Trac is already recognized as a technology leader in the fitness
industry, offering the very best in high performance cardiovascular and
strength training equipment. The stability created by this
reorganization allows the company to continue providing customers
with market leading innovation and high quality service, directed by a strong management team led by President and COO
Mike Leveque, a 17 year Star Trac veteran.
“Becoming a part of Bruno’s growing family of fitness companies is a tremendous opportunity for Star Trac,” Leveque said.
“His other companies and Star Trac share a strong belief in serving customer needs, and Bruno is committed to supporting
the ongoing product innovation investments that are critical for Star Trac to maintain its global leadership position.”
Star Trac will maintain its deep commitment to innovation and customer service. With the consolidation of U.S. operations
to one Southern California location, the company will improve efficiencies and communication that will allow them to better
serve their customers as a stronger company emerges

Source: Star Trac Star Trac(R) Reorganization Fueled by MichaelBruno AcquisitionIRVINE, Calif., July 7, 2010 (GLOBE NEWSWIRE) — Star Trac, aglobal leader in the commercial fitness industry, announced today thatMichael Bruno and Star Trac have signed an agreement wherebyBruno will purchase the controlling interest in Star Trac’s parentcompany. This will strengthen the company’s ability to provide theproduct innovation, quality, reliability and customer service that havebeen the Star Trac brand legacy since 1988. The parties expect toclose within two business days. Financial terms of the acquisition havenot been disclosed.Bruno, a highly respected fitness industry veteran for more than 20years, also has holdings that include Stairmaster based in Vancouver,Washington and Land America, a manufacturing firm in China thatbuilds high-end consumer and commercial fitness equipment. Hisreorganization plan for Star Trac focuses on company continuity andaggressive streamlining.”Our activities will create the foundation for the company to experiencestrong growth and profitability,” Bruno said. “This reorganizationprovides the resources for a strong balance sheet and positions StarTrac for long-term success.”Star Trac is already recognized as a technology leader in the fitnessindustry, offering the very best in high performance cardiovascular andstrength training equipment. The stability created by thisreorganization allows the company to continue providing customerswith market leading innovation and high quality service, directed by a strong management team led by President and COOMike Leveque, a 17 year Star Trac veteran.”Becoming a part of Bruno’s growing family of fitness companies is a tremendous opportunity for Star Trac,” Leveque said.”His other companies and Star Trac share a strong belief in serving customer needs, and Bruno is committed to supportingthe ongoing product innovation investments that are critical for Star Trac to maintain its global leadership position.”Star Trac will maintain its deep commitment to innovation and customer service. With the consolidation of U.S. operationsto one Southern California location, the company will improve efficiencies and communication that will allow them to betterserve their customers as a stronger company emerges


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