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StairMaster was founded by Lanny Potts, Jim Walker, and George Schupp and launched by Tri-Tech, Inc. of Tulsa, Oklahoma in 1983 at the National Sporting Goods Association trade show. The first piece of equipment, StairMaster 5000, was a rotating staircase machine.
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Photo: Shutterstock. Design: Eat This, Not That!Jumping onto the StairMaster can feel like a never-ending climb, but it's one of the most effective machines for burning calories and shedding pounds.
[6] [dead link ] In 1998, the company changed its name to Direct Focus and acquired the Nautilus, Schwinn and StairMaster brands between 1999 and 2002, before eventually changing its name to Nautilus, Inc. in 2005. [6] [dead link ] Nautilus became a publicly traded company on the U.S. stock exchange in May 1999. [12]
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Dozens of senior officials put on leave. Thousands of contractors laid off. A freeze put on billions of dollars in humanitarian assistance to other countries.