March 5 (Reuters) - BowFlex Inc ( BFX ):

* BOWFLEX INC. ( BFX ) FILES FOR VOLUNTARY CHAPTER 11 PROTECTION AND

REACHES STALKING HORSE AGREEMENT TO FACILITATE SALE

* BOWFLEX ( BFX ) - SECURED COMMITMENT FOR $25 MILLION IN DIP

FINANCING TO

CONTINUE TO FULFILL CUSTOMER ORDERS AND SUPPORT ORDINARY COURSE

OPERATIONS

* BOWFLEX ( BFX ) : AGREEMENT WITH JOHNSON HEALTH TECH RETAIL TO

SERVE AS

STALKING HORSE BIDDER TO ACQUIRE SUBSTANTIALLY ALL OF ASSETS OF

CO FOR $37,500,000

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