Cannondale Sports Group Pledges $200,000 to Bikes Belong

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Bethel, Conn. - July 01, 2008 - During the recent Bikes Belong board meeting, Cannondale Sports Group (CSG) President and CEO Jeff Frehner pledged an additional $200,000 to support Bikes Belong and its mission to get more people riding bicycles more often. This contribution will be an annual donation of up to $200,000-in addition to membership dues-that will begin in July 2008. It is another step in CSG’s commitment to strengthen the bicycling community through advocacy.

“We are very grateful for this additional donation from Cannondale Sports Group, which will be managed by our Bikes Belong Foundation,” said Tim Blumenthal, Bikes Belong Executive Director. “It will fund two innovative, timely projects.”

A total of $125,000 will help Bikes Belong work with its national non-profit partners to enhance the crucial efforts of state and city bicycle advocacy groups. The remaining $75,000 will back a new Bicycle Facility Design Standards Project that will help professional transportation planners and engineers build seamless, convenient, and appealing cycling routes.

“It is important for us to support programs that are helping to make bicycling a bigger part of our daily lives,” said Frehner. “When we work with and contribute to organizations like Bikes Belong and their partners, we are helping to make the cycling environment better for all bicycle riders.”

CSG has made a commitment to support bicycle advocacy by maintaining current efforts and further developing new partnerships. The $200,000 pledge comes just weeks after CSG announced that Cannondale Bicycles would renew memberships in Bikes Belong and IMBA.

Cannondale Sports Group is a Division of Dorel Industries (TSX: DII.B, DII.A).

About Dorel

Dorel Industries Inc. (TSX: DII.B, DII.A) is a world class juvenile products and bicycle company. Established in 1962, Dorel creates style and excitement in equal measure to safety, quality and value. The Company’s lifestyle leadership position is pronounced in both its Juvenile and bicycle categories with an array of trend-setting products. In the Juvenile segment, Dorel’s powerfully branded products such as Quinny, Maxi-Cosi, Safety 1st and Bébé Confort have shown the way to safety, originality and fashion. Similarly, its highly popular brands such as Cannondale, Schwinn, GT, Mongoose and SUGOi have made Dorel a principal player with both independent bicycle dealers and mass merchants. Dorel’s Home Furnishings segment markets a wide assortment of furniture products, both domestically produced and imported. The Company exerts relentless innovation and marketing flair across all of its divisions. Dorel is a $2 billion company with forty-six hundred employees, facilities in seventeen countries, and sales worldwide.

US operations include Dorel Juvenile Group USA; the Cannondale Sports Group; Pacific Cycle; Ameriwood Industries which produces ready-to-assemble furniture; Altra Furniture; and Cosco Home & Office. In Canada, Dorel operates Dorel Distribution Canada and Dorel Home Products. Abroad, operations include Dorel Europe and IGC in Australia, a manufacturer and distributor of juvenile products. Dorel Asia sources and imports home furnishings products. Dorel China has eight offices which oversee the sourcing, engineering and logistics of the Company’s Asian supplier chain.

source: Michael De Leon

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