ICON Health & Fitness, Inc. Extends Expiration Date for Exchange Offers

Business Wire, Sept 24, 1999

LOGAN, Utah--(BUSINESS WIRE)--Sept. 24, 1999--

ICON Health & Fitness, Inc. ("ICON") today announced that it is extending the expiration date for its exchange offer and consent solicitation for its 13% Senior Subordinated Notes due 2002, the 15% Senior Secured Discount Notes due 2004 of IHF Holdings, ICON's immediate parent company, and the 14% Senior Discount Notes due 2006 of ICON Fitness Corporation, IHF Holdings' immediate parent company, from 5:00 p.m., New York City time, on September 23, 1999 until 12:00 p.m. noon, New York City time, on September 24, 1999.

As of 5:00 p.m., New York City time, on September 23 1999, $99,750,000 principal amount of the 13% Notes of ICON, $123,750,000 principal amount of the 15% Notes of IHF Holdings and $155,000,000 principal amount of the 14% Notes of ICON Fitness Corporation had been tendered in the exchange offers.

Persons with questions regarding the exchange offers should contact MacKenzie Partners, Inc., the Information Agent for the exchange offers, at 800-322-2885.