Veltec Sports Inc. Press Release

FOR IMMEDIATE RELEASE
April 15, 2002

CPSC & Veltec Sports Announce Recall of LOOK Ergopost 3 Bicycle Seat Posts

WASHINGTON, D.C. - In cooperation with the U.S. Consumer Product Safety Commission (CPSC), the U.S. distributor of LOOK cycling products, Veltec Sports, Inc. of Sand City, California, is voluntarily recalling LOOK Ergopost 3 bicycle seat posts. One Hundred Twenty Four (124) of these products were sold in the United States. No injuries have been reported, but Veltec has received reports that the aluminum crown of the seatpost can fail as a result of metal fatigue, which may cause the bicycle seat to dislodge and result in a rider losing control or falling. This recall is being conducted to prevent the possibility of injuries from this mechanism.

LOOK Ergopost 3 bicycle seat posts were manufactured by Look Cycle International of Nevers, France, for adult road racing bicycles. They feature a composite carbon fiber post, an aluminum crown and seat bracket, and titanium fasteners. The aluminum crown may be either silver or black. All sizes of the LOOK Ergopost 3 seat posts are covered by this recall, but no other LOOK seat posts or other products are involved.

LOOK Ergopost 3 bicycle seat posts were sold nationwide by specialty bicycle retailers between September 2000 and February 2002. The suggested retail price is $210.

Consumers should stop using LOOK Ergopost 3 bicycle seat posts immediately and make arrangements to return them for a purchase price refund. Products may be returned to the authorized LOOK Cycle retailer from whom they were purchased, or, if this is not convenient, call Veltec Sports at (800) 991-0070 for information on how to return the seat posts directly to Veltec Sports. Retailers can direct their inquiries to Veltec Sports at 800-578-5790.

Ergopost 3

The U.S. Consumer Product Safety Commission protects the public from unreasonable risks of injury or death from 15,000 types of consumer products under the agency's jurisdiction. To report a dangerous product or a product-related injury, call CPSC's hotline at (800) 638-2772 or CPSC's teletypewriter at (800) 638-8270, or visit CPSC's web site at http://www.cpsc.gov/talk.html. For information on CPSC's fax-on-demand service, call the above numbers or visit the web site at http://www.cpsc.gov/cpscpub/pubs/103.html. To order a press release through fax-on-demand, call (301) 504-0051 from the handset of your fax machine and enter the release number. Consumers can obtain this release and recall information at CPSC's web site at http://www.cpsc.gov.

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LOOK Cycle U.S.A. is a division of Veltec Sports Inc.
and is the exclusive sales and marketing company in the United States for LOOK Cycling Products.

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