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Cybex International Inc. (NASDAQ: CYBI) has another issue to worry about besides a stalling economy and weak sales of exercise equipment ahead. The Consumer Product Safety Commission released today that the company is subject of a product recall for roughly 19,000 treadmills. The Cybex recall is for treadmill risks due to fall hazards where the machine can unexpectedly speed up without notice due to a malfunction with the lower control board.
The company has received 24 reports of incidents involving thetreadmill unexpectedly increasing speed, including six reports ofconsumers falling. Three of those incidents resulted in minor injuries. This has also come at a price on its stock, and the company’s shareholders probably don’t want any more financial injury on top of product injury.
