Corporate Social Responsibility Press Release
provided by 
7.01.2008 - 02:09pm ET
News from:
Cannondale Sports Group
Cannondale Sports Group Pledges $200,000 to Bikes Belong
(CSRwire) 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. In
Canada, Dorel operates Dorel Distribution Canada and Dorel Home Products.
Abroad, operations include Dorel Europe and IGC in Australia, 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.
For more information please contact:
Michael De Leon
Cannondale Sports Group
+1-608-268-8309
News Categories:
Philanthropy/Corporate Contributions and Community Development
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