February 10, 2009 (Cambiago, Italy) – “We are extremely excited to announce that we have created Colnago America, which will now be the direct supplier of Colnago frames and accessories in America,” said Ernesto Colnago from company headquarters in Cambiago, Italy. Transition of distribution services from Veltec Sports to Colnago America (based in Chicago, Il.) will be completed by the end of February 2009, with our top priority and focus on making this transition as smooth as possible for our retail customers and Colnago riders in the USA and Canada.

“Over the past several years, Colnago has experienced exceptional growth worldwide, but to reach our full potential in the North American market, we felt for a while, we needed to make a change,” explained Alex Colnago, Colnago Sales Manager.

“For the first time in the long history of Colnago sales in America, we will be in a position to have full control over our distribution, sales and marketing. Now we will be able to offer more competitive prices, improved delivery and better service to our retailers and Colnago riders in North America.”

“While we are in the process of defining the complete Colnago America Team, we can announce that our friend Soren Krebs, formerly of Veltec Sports, will be joining Colnago America with sales and general management responsibilities. We are confident that he can lead Colnago America going forward,” explained Ernesto Colnago.

From February 10th onward, you can contact Soren at: soren@colnago-america.com

Within the next week, Colnago America’s new web site will be launched: www.colnago-america.com and the first Official event that Colnago America will sponsor is the Gran Fondo San Diego – Colnago on March 1st, 2009. We are very proud to announce that Mr. Ernesto Colnago will be present at the start line at Gran Fondo San Diego — Colnago as Official Starter. Registration and information regarding this event can be found on: www.granfondosandiego.com

Colnago America is now a reality! Welcome on board. It will be a first class experience.