Published:
Cannondale Sports Group Pledges $200,000 to Bikes Belong
BETHEL, Conn., July 1 /PRNewswire/ -- 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
Bebe 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. InCanada, Dorel operates
Dorel Distribution Canada and Dorel Home Products. Abroad, operations include
Dorel Europe and IGC inAustralia, 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 Cannondale Sports Group
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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