Cycling Sports Group, Inc.

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Cannondale Bicycle Corporation is one of the leading manufacturers of high-end bicycles, selling nearly 80 models in more than 70 countries throughout the world. The company and its handcrafted bicycles have won numerous design awards including the Publisher's Award for Innovation from Bicycling magazine, Technological Development of the Year Award from VeloNews magazine, Best Of What's New award from Popular Science, Best New Products of the Year Award from Business Week, Design Recognition Award from ID magazine, Computer-Aided Design Award from Design News magazine and a Design and Engineering Award from Popular Mechanics. Cannondale s mountain bikes line has captured more than 10 World Championships, 17 World Cup Series overall titles, 16 National Championships and two Olympic medals. The company's road racing bikes have won more than 10 stages at the Tour de France, 27 stages at the Giro d'Italia, two Giro d'Italia overall victories, a Professional World Championship title and two Italian National Championships. Headquartered in Bethel, Conn., Cannondale Bicycle Corporation employs nearly 700 people.