Logan, Utah, November 1, 2005 - ICON Health & Fitness, Inc. ("ICON") announced
today that it has replaced its existing $275 million credit agreement with a new
$290 million credit agreement (the "New Credit Agreement"). The New Credit
Agreement provides for a five-year revolving line of credit of up to $250
million, including issuances of letters of credit, from time to time, and a
five-year junior term loan of $40 million. The New Credit Agreement contains
various affirmative and negative covenants customary in an agreement of this
type. At closing, the proceeds were used to refinance outstanding indebtedness
under the previous credit agreement. In the future, it is anticipated that funds
borrowed under the credit agreement will be used for general corporate purposes
including working capital, capital expenditures, debt repayment or other
corporate development activities.

Bank of America, N.A. serves as administrative agent, issuing lender and cash
management bank for the credit agreement and Banc of America Securities LLC as
lead arranger and book runner. Back Bay Capital Funding LLC serves as
administrative agent for the junior term loan credit agreement

"We are very pleased to enter into this new relationship with Bank of America
and Back Bay Capital," said Fred Beck, ICON's chief financial officer. "This new
agreement gives us substantially greater flexibility and borrowing capacity to
meet the needs of our customers and suppliers as our business grows."

About ICON Health & Fitness, Inc.
ICON is one of the largest manufacturers and marketers of fitness equipment. The
Company is headquartered in Logan, Utah and has approximately 3,600 employees
worldwide. ICON develops, manufactures and markets fitness equipment under the
following ICON-owned brand names: ProForm, NordicTrack, Weslo, HealthRider,
Image, Weider, Epic, Free Motion Fitness and, under license, Reebok and Gold's
Gym.

This press release contains forward-looking statements that involve a variety of
business risks and other uncertainties that could cause actual results to differ
materially. These risks and uncertainties include the possibility of changes or
fluctuations in global economic conditions; currency exchange rates; product
demand and industry capacity; competitive products and pricing; availability and
costs of critical components and materials; new product development and
commercialization; order activity and demand from major customers; the mix of
sales between high margin and low margin products; possible disruption in
commercial activities due to terrorist activity and armed conflict; ability to
obtain financing and capital on commercially reasonable terms; acquisition and
divestiture activities; the level of excess or obsolete inventory; the ability
to enforce patents; product and components performance issues; and litigation.
These and other risk factors are identified in the Company's filings with the
Securities and Exchange Commission. Forward-looking statements speak only as of
the day that they are made, and the Company undertakes no obligation to update
them in light of new information or future events.

For more information, please contact:

Fred Beck
CFO and Treasurer
Tel. 1-435-786-5000
fbeck@iconfitness.com