Milan, Italy and Bethel, CT (September 30, 2010) Liquigas Sports S.p.A and Cannondale, part of the Cycling Sports Group Division of Dorel Industries (TSX: DII.B, DII.A), are pleased to announce today that Cannondale will be the Co-Sponsor of the Liquigas Pro Cycling Team, effective January 1, 2011.  Cannondale has been a Technical Bicycle Sponsor for the past four years and team members have been riding Cannondale bikes since that time. This step is the next evolution of a partnership that was founded on the tradition of combining world-class cyclists with best-in-class bicycles and will feature an enhanced roster, increased marketing and sales support, and new Cannondale products. "Cannondale has built itself on creating leading, innovative products. When riders in green and blue, like Ivan Basso, Peter Sagan, and Vincenzo Nibali, are regularly defeating the competition on Cannondale's SuperSix Hi-Mod bikes, it is hard to deny Cannondale?s commitment to creating the perfect ride," said Bob Burbank, General Manager of Cannondale. "Racing is in Cannondale?s DNA and Liquigas is one of the best racing teams in the world. We work closely with the Liquigas riders to provide us with invaluable feedback that is essential to our product development. We look forward to expanding on our relationship with Liquigas and continuing to push the status quo of Pro Tour road racing."

"During the past four years the relationship between Liquigas Sport and Cannondale exceeded a typical relationship between a team and its bicycle partner," said Roberto Amadio, Liquigas Sport team manager. "Cannondale has always allowed us to compete with a superb product while meeting the demands of the best riders in the world. Next year, we enter a new phase in the team?s development as we continue to build a world-class team with the best race results as well as team management and sponsors. We're excited for this new opportunity and look forward to continuing working with Cannondale to create cycling history."

As tough as the bikes they ride, Liquigas riders have seen victories in 2010 from the Giro d?Italia to the Vuelta a España. While riding Cannondale?s SuperSix Hi-Mod, the flagship of Cannondale?s outstanding road line, Liquigas team riders such as Ivan Basso and Vincenzo Nibali have used the bike?s explosive power transfer, smooth and confident handling and award-winning stiffness-to-weight ratio to help them attain stellar victories. Coming off of a solid 2010 season, there is no better time for both organizations to expand the partnership to form Liquigas-Cannondale for the 2011 season.

ABOUT LIQUIGAS SPORTS S.p.A Liquigas Sport S.p.A is a limited company designed to manage a team of professional riders. It was established on July 13, 2004 with its head office in Brescia and a secondary administrative headquarters in Milan. While Liquigas is committed to excelling on the roads of the grand tours and the classics, above all it is fuelled by fundamental values like honesty and sportsmanship, sponsoring programs such as  Liquigas Camp, a proper cycling school for children between the ages of 7 and 12 years old. This initiative is now in its third year and brings together budding young cyclists with riders from the Pro Team.

ABOUT CANNONDALE Cannondale is a premium brand of Cycling Sports Group, part of Dorel Industries (TSX: DII.B, DII.A). Founded in 1971, Cannondale is a global industry leader with a strong heritage in design, development and manufacturing of high performance bicycles, apparel and accessories. Cannondale corporate headquarters is located in Bethel, Connecticut, USA, with offices in Canada, Holland, Japan, Switzerland, Australia, United Kingdom, Taiwan and an assembly/manufacturing facility in Bedford, Pennsylvania and Oldenzaal, Switzerland. For more information visit www.cannondale.com