Cannondale Unveils ATV Lines For 2002

This press release contains forward-looking statements, as defined under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those anticipated as a result of various risks and uncertainties, including risks and uncertainties described in this press release, as well as those detailed from time to time in the Company's periodic reports on Forms 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Cannondale Corporation is the world's leading manufacturer of high-performance bicycles. The Company's bicycles and bicycle accessories, which include clothing, packs and bags, and HeadShok suspension forks, are marketed under the Cannondale brand name and "Handmade in USA" logo, and are sold in the U.S. and in more than 60 foreign countries. The Company has also entered the motorsports industry with its MX400 motocross motorcycle and FX400 ATV. Additional motorcycle and ATV models are currently in development.

2002 Cannondale ATVs

Moto 440 -
Cannondale's new race ready "out-of-the-box" moto and TT quad. * The highest performance OE race quad manufactured today.
* 11,600 rpm "soft" rev limiter.
* Field-tunable "GP Control" fuel injection.
* Adjustable +1 to +4 rear axle, and +2 A-arms for a total max width of 50".
* "Zero Pre-Load" racing shocks.
* ITP Holeshot MX tires with race ready beadlock wheels.
* Lowered ride height of approximately 4".
* MSRP: TBA
* Colors: Silver.

Blaze 440 - Cannondale's new race-ready "out-of-the-box" GNCC woods quad. * 11,600 rpm "soft" rev limiter.
* Field-tunable "GP Control" fuel injection.
* Fully adjustable front racing shocks with double rate springs.
* ITP Holeshot XC tires with competition level beadlock wheels.
* New exhaust pipe and silencer for increased power output.
* Nerf bars, handguards, and number plates.
* MSRP: TBA
* Colors: Silver.

Speed - New and improved successor to the FX400 * 11,600 rpm soft rev limiter.
* Field-tunable "GP Control" fuel injection.
* Aluminum handlebars.
* Attractive two-tone seat cover with revised foam.
* New exhaust pipe and silencer for increased power output.
* MSRP: $7,950
* Colors: Silver.

Cannibal - Cannondale's entry-level ATV * Based on the FX400 chassis and engine.
* Revised wheel and tire spec.
* Close-bodied shocks which are tuned for a softer ride.
* DID chain.
* MSRP: $6,995
* Colors: Viper Red.