Nautilus 2002 Annual Report Download - page 5

acquisitions, we have operations in Switzerland, offices in Germany, the United Kingdom, and Japan, and a worldwide network of distributors.
We have continued to build our presence internationally subsequent to our recent acquisitions with the addition of an office in Italy.
We believe that our Company possesses distinct competitive advantages as we build toward our goal of being a complete provider of products
to the health and fitness industry. We have developed and acquired a portfolio of highly recognized and trusted fitness brands. These brands are
utilized, in concert with focused product development, to meet the differing customer demands of each distribution channel: direct, commercial
and retail. In addition, we have realized and believe that we will continue to achieve significant synergies by leveraging our brands, marketing
resources, and research and development capabilities across all three distribution channels. We believe the health and fitness industry's
fragmentation of manufacturers and distribution channels lends itself to the execution of this strategy.
For a discussion of financial information about our two business segments, direct and commercial/retail, see Note 2 of the Notes to
Consolidated Financial Statements.
The Nautilus Group was incorporated in California in 1986 and became a Washington corporation in 1993. On May 21, 2002, the Company
changed its corporate name to The Nautilus Group, Inc. from Direct Focus, Inc. Concurrent with the name change, trading of the Company's
shares were moved from the NASDAQ National Market to the New York Stock Exchange with a new ticker symbol (NLS).
Our principal executive offices are located at 1400 NE 136th Avenue, Vancouver, Washington 98684, and our telephone number is (360)
694-7722. We maintain our corporate web site at www.nautilusgroup.com. None of the information on this web site or our other web sites is
part of this Form 10-K. On our website, we make available, free of charge, printable copies of our annual report on Form 10-K, quarterly
reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of
the Exchange Act as soon as reasonably practicable after such material is electronically filed with or furnished to the Securities and Exchange
Commission ("SEC").
As used in this Form 10-K, the terms "we," "our," "us," "Nautilus Group" and "Company" refer to The Nautilus Group, Inc. and its subsidiaries.
The names Nautilus(R), Bowflex(R), Power Rod(R), TreadClimber(TM), Schwinn(R) (fitness products), StairMaster(R) and Trimline(R) are
trademarks of the Company.
The consolidated financial statements of the Company include The Nautilus Group, Inc. and its wholly owned subsidiaries (collectively the
"Company"). All intercompany transactions have been eliminated in the preparation of the consolidated financial statements.
LONG-TERM STRATEGY
Our long-term strategy is to build a complete health and fitness company offering high quality, premium-branded products enabling health
conscious consumers to maintain active lifestyles. We intend to do this by:
o Utilizing our positioning and capabilities in the direct marketing channel to launch new, innovative products;
o Capitalizing on the synergy and growth opportunities from acquisitions;
o Continuing to capture premium price points and accelerate demand by researching and developing high quality, branded products that meet
the needs of our customers and retailers; and
o Expanding our international opportunities by leveraging our branded products through our recently acquired network of international
operations and distributors.
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